Kim Kardashian's Rock Will Cost $30K Each Year To Insure!

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May. 26 2011, Updated 1:50 p.m. ET

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By Leah Ornstein

Radar Style & Beauty Editor

Kim Kardashian revealed her gigantic, 20.5 carat engagement ring on Wednesday, which is said to be worth well over $2 million dollars-- half the value of her mansion!  So just how much money does it take to insure such a valuable piece of property?

RadarOnline.com spoke to Patricia K. Low, President and CEO of jewelry insurance company Jewelers UnBLOCKed who gave us a staggering quote!

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"With over 20.5 carats of diamonds and set in platinum, the approximate cost to insure the ring could be upwards of $30,000 per year,” revealed the expert.

Just to put it in perspective, according to a survey done by TheKnot.com and WeddingChannel.com the average cost of an engagement ring in 2010 was $5,292 -- so that means Kim’s yearly insurance on her Lorraine Schwartz bling is six times the cost of the average ring!

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