Kris Humphries confirms that he is indeed auctioning off the massive engagement ring he gave to interim wife Kim Kardashian back in 2011.
There was buzz last month that the NBA player was planning on auctioning off the diamond stunner to the highest bidder at Christie's in New York.
Earlier today, Humphries rep finally confirmed the rumors.
"The ring is indeed Kris' property that he received through his marriage dissolution," the rep said in a statement. "He has long-since moved on."
"Kris is very much looking forward to a successful auction at Christie's and of course to returning to the court this upcoming NBA season as a Boston Celtic."
Kris Humphries will net some pretty big bucks on Tuesday.
The Lorraine Schwartz custom 16-karat sparkler is valued between $300,000-500,000 even though it was bought for Kim Kardashian for $2 million.
Pretty large dropoff, wouldn't you say? Either the Hump got ripped off like no other, or any association with Kim really does tarnish something.
Christie's still expects this "impressive" diamond and "property of a gentleman" to fetch over $500,000, a portion of which Kris will donate sale to charity.
Its description: "[It's] set with a rectangular-cut diamond, weighing 16.21 carats, flanked on either side by a trapeze-cut diamond, each weighing 1.80 carats, mounted in platinum."
Kim Kardashian and Kris Humphries split after 72 days of marriage, then dragged the divorce proceedings on for much, much longer than that.
She went on to date and have daughter North West with Kanye; Kris went on to date Myla Sinanaj, who claimed she was pregnant with his fake baby.