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The most iconic thing about Taylor Swift’s massive engagement ring from her boyfriend-turned-fiance is that it’s definitely not a paper ring.

Many fine jewelers have estimated that the ring’s diamond could be around 7 to 9 carats.

Ann Grimmett, VP of Merchandising at Jared Jewelers, described the sparkler as an “elongated old mine cushion cut, set in 18k yellow gold.”

“The side stones look to be a half-moon plus a small round, which contribute to its more vintage look,” she said, adding that her estimated price tag for the piece is in the neighborhood of $250K-$500K.