Celebrity engagements are a spectator sport. Each ring arrives like a season finale: dissected, debated, endlessly zoomed in on. This week, Elsa Hosk debuted an oval-cut, five-carat diamond that could almost be considered conservative against the backdrop of today’s supersized celebrity engagement rings. In 2025, size matters.

Earlier this year, Georgina Rodríguez revealed her enormous oval ring, reportedly worth up to $5 million, a stone that, as Frank Everett, vice chairman of Sotheby’s Jewelry, notes, is “closer in scale to a cocktail ring.”

“I love the idea of having a 30-carat diamond ring in your collection,” he says. “But I believe an engagement ring is something you should be able to wear at all times, and it takes a lot of confidence to pull off 20-plus carats every day, e

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