Kourtney Kardashian's Engagement Ring Reportedly Worth Over $1 Million!!

Kourtney Kardashian is sporting a massive new diamond ring on her finger, courtesy of Travis Barker, and the sparkler is reportedly worth over $1 million!

According to multiple reports, the 'Blink 182' drummer dropped a fortune on the special ring that he presented to the 'Keeping Up With The Kardashians' star while they vacationed on a beach in Santa Barbara, California. To be clear, Travis hasn't come out and said what the stunning diamond cost him, and don't expect that to happen anytime soon. But, several specialists have taken a look at the rock, and believe it is worth a fortune!

Several Kardashian/Barker family members posted photos of the massive ring, which is an oval-cut diamond that appears to be larger than 15 carats. It's set in a pave or hidden halo setting and has a worth of around a MILLION dollars.

Another specialist says the sparkler is slightly smaller, telling Page Six it is "around 8 to 10 carats." The jeweler explained, "It is set in a skinny platinum solitaire style with a pavé diamond band. Depending on the actual size and quality it could range between $350,000 and $650,000." A final jewelry expert placed the value at $500,000 to a million and believes the size is 10 to 12 carats.

Either way, Travis did good, and shelled out a large chunk of cash to get his new fiancee a ring that everyone is talking about!

As we reported, Travis Barker popped the question after strolling on a Santa Barbara beach during sunset and led his new fiancee to a location where a ton of red rose had been placed in the shape of a heart. The newly engaged couple's families were on location to celebrate the big occasion. Kylie Jenner shared a picture of the menu of the couple's private dinner party, and it looked amazing!

Kourtney's mother, Kris Jenner, broke her silence on the big moment saying, "Congratulations to the most beautiful, adorable, affectionate, fabulous, made for each other couple in the world! Love you guys!!!!!!"

This will be the first marriage for Kourtney Kardashian, although she shares three children with Scott Disick whom she dated on and off during the last decade. Interestingly, Scott stars on 'KUWTK' with his former girlfriend and actually filmed an episode of the show where he picked out a yellow diamond engagement ring to give to Kourtney, but she dismissed the informal gesture.

At this point, there is no news on when the couple might tie the know, but we are guessing it will be the party of the year! Plus, many are wondering if Kris Jenner isn't talking up the television world to get these two their own reality show. Tell us you wouldn't watch these two every day!

The great news is the couple's own children have begun posting about the big news, including Travis' daughter -- Alabama -- who posted "Love you guys," and his stepdaughter from a previous marriage posted a stunning photo of Kourtney's new ring.

Happily Ever After...