Did Josh Kushner drop six figures on Karlie Kloss’ engagement ring?

Joshua Kushner did well.

His new fiancée, supermodel Karlie Kloss, took to social media on Tuesday to debut her stunning engagement ring.

“My phone is blowing up with the sweetest messages from loved ones. This poor make up artist is going to kill me,” Kloss, 25, wrote on her Instagram story, with her hand exposing the gigantic rock.

Estimated to be between 7 and 8 carats, the cushion-cut diamond appears to be set on a delicate diamond-adorned band, according to Brilliant Earth‘s VP of strategy and merchandising, Kathryn Money, who did not design the ring.

She estimated the ring could have cost Kushner north of $200,000, possibly as high as $500,000.

Kloss confirmed her engagement to 33-year-old Kushner (whose brother is Jared Kushner) Tuesday on Instagram. According to People, the proposal took place “a few weeks ago during a romantic weekend together in upstate New York.”

“I love you more than I have words to express,” Kloss gushed. “Josh, you’re my best friend and my soulmate. I can’t wait for forever together. Yes a million times over.”