Jay-Z and $500,000 Ring Go Public After Blue Ivy Birth

Jay-Z has appeared in public for the first time this week since the birth of his daughter, sporting a new sapphire ring worth $500,000. His appearance came at the re-opening of his club, 40/40.

One source heard Jay-Z explaining that he received the ring as a gift from wife Beyonce, according to Media Takeout. She reportedly wanted to thank him for his support during her pregnancy.

Beyonce(Photo: REUTERS/Lucy Nicholson)Jay-Z and Beyonce watch Team USA at a basketball tournament in this file photo.

The celebrity couple are not shy about spending their money, and it was also recently reported that Beyonce spent a whopping $22,000 on a new crib for her baby, Blue Ivy Carter.

According to Britain’s Star Magazine, one source has said, “Jay-Z bought Beyonce a solid gold handmade Ginza Tanaka rocking horse for $600,000. They’ve even splashed out on a $30,000 magical windmill playhouse for the garden and a mini Bugatti car, too.”

Other reports have also suggested the couple spent $15,000 on a high chair for Blue.

The insider claimed, “They've got baby charm bracelets and gold and platinum diamond rattles from Tiffany & Co, too.”