Kate Wright reveals HUGE '£400k' diamond engagement ring for the first time after Rio Ferdinand's romantic proposal

The former Towie star announced her engagement to the football legend earlier this week after saying a big yes to Rio while on holiday in Abu Dhabi.

Kate showed off her dazzling engagement ring for the first time since the former England captain popped the big question to her as she ran errands on the weekend.

Kyron Keogh, Managing Director at ROX – Diamonds & Thrills, the British luxury jeweller, told The Sun Online he values the ring at around £400,000.

He said: “It’s very difficult to tell from a photo, but I would guess it’s a 5 carat princess cut diamond with diamonds set into the band.

"Assuming it an exceptional white colour, superior clarity and an excellent cut, we would estimate the diamond would retail for around £400,000.”

The ex-reality TV star, 27, opted for a bright red manicure to show off the gigantic sparkler.

The style queen looked as glamourous as ever in a blue and yellow patterned shirt dress.

She wore bright red winter boots to match her manicure.

Rio, 39, and Kate got engaged last Thursday, when Rio asked Kate to be his wife on top of a skyscraper in Abu Dhabi.

The loved-up couple announced their engagement with a series of adorable photographs.

Kate shared the snaps online and told her followers: “The perfect end to our holiday … How could the answer not be yes!”

The former footballer later shared the same pic online and told his fans his three children had been in on his plan, and added: "How these 3 kids kept it a secret I’ll never know!"

Meanwhile the Sun Online revealed they are planning to try for a baby "immediately after their wedding".

Rio, 39, already has three children, Lorenz, 11, Tate, nine and Tia, seven, with his late wife Rebecca.

And pals told The Sun Online adding to their brood is something they've wanted to do for some time.

They explained: "Rio and Kate can't wait to have a baby. They will want to have one immediately after the wedding. It's what they have always wanted.

"Everyone keeps telling them how gorgeous their kids would be."

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