Kim Kardashian’s engagement ring: $30,000 per year to insure?

HollywoodNews.com: Kim Kardashian’s engagement ring certainly puts other rings to shame, but even the cost of insuring her ring is more than most people spend on engagement rings.

It is being rumored that it will cost about $30,000 per year to insure her 20.5-carat ring, states RadarOnline.com. The ring itself is estimated at about $2 million.

In a recent survey, it has been reported that the average cost of engagement rings bought in 2010 was $5,292.

Do you think Kim Kardashian’s ring is too extravagant?

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