Holy smokes: We now know how much Erin Molan's engagement ring is worth.

There’s no denying the most exciting part of any engagement (besides, you know, that whole happiness and love and commitment thing) is the ring.

So, when The Footy Show host Erin Molan announced to the world she had been “pre-wifed” by her boyfriend Sean Ogilvy (that is, she told the world she was engaged), all the attention was focused on the big, shiny sparkler that had made a home for itself on the ring finger of her left hand.

Last week the love of my life pre-wifed me… I can finally let myself go ???? Couldn’t be happier. Luckiest girl in the world xxx

A post shared by Erin Molan (@erin_molan) on Apr 6, 2017 at 4:53am PDT

And when the 34-year-old sports reporter and TV presenter posted a video showing off her new ring, the whole of Australia scrambled to pick up their jaws from the ground.

I mean, look at it. IT IS SO SHINY AND BEAUTIFUL.

Absolutely blown away by your incredible generosity and superb craftsmanship @houseofkdor – it was slightly awkward when we ran into you on our THIRD date and you gave Sean a card in case he ever wanted to propose… but I’m sooooo glad you did. You supported me from Day 1 – before anyone else – and I love you and Tariq so much. I’m almost embarrassed it’s so beautiful and divine and feel very unworthy of wearing it (think Bridesmaids movie when she is trying to get into Business Class- ‘help me I’m poor’) but will treasure it and what it represents for the rest of my life xxxxxxxx

A post shared by Erin Molan (@erin_molan) on Apr 6, 2017 at 2:39pm PDT

Now, it’s been revealed just how much the ring, which features a 2.2-carat oval cut centre stone surrounded by a further three carats of smaller diamonds set on an 18k white gold band, is worth.

It turns out, the ring set Erin’s policeman fiancé back a whopping SIX FIGURES, The Daily Telegraph reports.

The newly-engaged presenter also confirmed her hubby-to-be saved up for six months to splurge on her ring.

The beautiful #BrideToBe @erin_molan rocking her #HouseOfKdor #Bespoke #Diamond #EngagementRing #Love!!! @nrlfootyshow @channel9style @cueclothingco

A post shared by HOUSE OF KDOR (@houseofkdor) on Apr 7, 2017 at 6:34pm PDT

Upon seeing Erin and her jeweller post loving comments to each other about the stunning ring, some suggested that the ring had been ‘gifted’ to the Channel Nine star.

The designer, Australian jewellers House of Kdor, also confirmed to The Daily Telegraph the ring “the diamond ring was purchased and not gifted” despite their “friendship” with the couple.

LISTEN: A study shows being a bridesmaid is the equivalent of a full week’s work. Is it time to ditch them?