Kylie Jenner’s $2.5 million emerald-cut diamond ring sparks speculation: Gift or borrow?

Kylie Jenner’s appearance at her mother’s birthday party sparked a jewellery mystery with a massive emerald-cut diamond ring on her finger. The 28-carat VVS1 diamond, estimated at $2.5 million, was previously seen in 2025, leading to speculation about whether it’s a purchase, gift, or loan, especially since she didn’t tag the jeweller this time.