Jennifer Lopez received $1 million engagement ring from her husband Marc Anthony. America's STAR magazine reports the couple's initial courtship was so fast, they were never formally engaged, so Anthony thought it was a romantic gesture to give his bride an 8.5 carat engagement ring estimated to cost about $1 million as an anniversary present. Anthony also reportedly formally proposed to his wife with the ring in hand.

A family friend says, "It sounds a little odd, but Marc and Jennifer were never really engaged - they just got married. So, to mark their first anniversary, Marc officially proposed, this time presenting Jennifer with an engagement ring from exclusive jeweller-to-the-stars NEIL LANE."

"It's huge, and it sparkles beyond belief. Jennifer was very excited to get it."