In exclusive pictures obtained by DailyMail.com, Tiffany, 27, the daughter of US outgoing president Donald Trump, is pictured showing off the ring, which was designed by New York-based jeweler and diamond dealer Samer Halimeh, who works 'for the one percent of the one percent'.
A spokesperson for Samer Halimeh New York revealed that the ring features a massive emerald-cut center stone flanked with two trapeze cut diamonds.
While the jeweler is yet to reveal the price, an independent expert estimated that it is worth more than $1 million.
Denis Stepansky, founder and owner of online luxury retailer ItsHot Diamond Jewelry and Watches, told DailyMail.com that a ring similar to Tiffany's would cost $1 to $1.2 million.
The report said, Michael, 23, who is the heir to the multi-billion dollar Nigerian conglomerate Boulos Enterprises, flew to Dubai with Halimeh to choose the ring.
Photos that were taken after the engagement show 27-year-old Tiffany and Michael posing with Halimeh at Trump International Hotel Washington, D.C.
'This is a high-quality diamond with a high carat weight, which seems about right for Tiffany’s celebrity status,' Stepansky said.
Speaking to the Evening Standard, the manager of the store, Maan Chakhchir, said the couple is 'very down-to-earth and clearly very happy together.'
'They seem very much in love. If they get engaged, I know that Mr. Halimeh would be perfect for designing the ring,' he said at the time.
The couple announced their engagement to their respective Instagram accounts on Tuesday, January 19.
Michael, who is of Lebanese and French descent, was raised in Lagos, Nigeria.
His father is Massad, the Chief Executive Officer of SCOA Nigeria PLC, and his mother is Sarah Boulos, the founder of the Society for the Performing Arts in Nigeria, SPAN.
The 23-year-old is the associate director of SCOA Nigeria and also the director of Fadoul Group and the business development manager of Royalton Investment.
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