Jennifer Lopez will keep the 8.5-carat green diamond engagement ring from Ben Affleck, following their recent divorce settlement. The rare diamond is estimated to be valued at $5 million.

Jennifer Lopez and Ben Affleck have finalized their divorce half a year after the singer filed for a dissolution of marriage. According to the Associated Press, Lopez filed documents on Monday, Jan. 6 in Los Angeles Superior Court to show that the former couple settled their divorce through mediation in September.

Jennifer Lopez and Ben Affleck have settled their divorce, about four months after Lopez petitioned to end their marriage, according to court documents obtained by CNN.

A source tells PEOPLE that Jennifer Lopez 'just wants to close the door on this crazy chapter' of life following her divorce from Ben Affleck

Jennifer Lopez and Ben Affleck settled their divorce, and according to reports, the pair parted ways as friends.

Lopez, 55, and Affleck, 52, finalized their divorce on Jan. 6—and have determined what they will do with their mansion in L.A.

After Jennifer Lopez and Ben Affleck settled their divorce, which the “On The Floor” singer filed in August, filings reveal their assets agreement, including the status of her ring.

Jennifer Lopez and Ben Affleck have settled their divorce, five months after the “Love Don’t Cost a Thing” singer filed to end their two-year marriage. According to TMZ, each star is walking away with what they individually acquired during their union and won’t pay the other spousal support.

The couple, known as Bennifer, reached a settlement in their divorce, but they continue to be spotted together.

Court documents show Jennifer Lopez and Ben Affleck settled their divorce back in September and are now asking for a judge to approve the breakup.