HINGHAM, Mass. —

Taylor Swift announced her engagement to Kansas City Chiefs football star Travis Kelce on Tuesday with a slideshow of photos on Instagram.

Occasional StormTeam 5 meteorologist Michael Page, who is also a third-generation jeweler, says even to this day, Princess Diana's sapphire and diamond ring impacts the engagement ring market and he suspects Taylor Swift's ring will have the same kind of ripple effect.

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"That vintage look and a more substantial heirloom quality piece is one that people are definitely gravitating toward in engagement rings more recently," Page said.

Swift's ring, which Kelce helped design, is estimated to cost about half a million dollars.

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