Earl Spencer’s diamond ring going up for sale

Lady Eliot, former fiancee of Earl Spencer, is selling the diamond ring given to her by the royal.

Earl Spencer's former fiancee is selling the diamond ring given to her when he proposed.

According to the Daily Mail, Lady Bianca Eliot has given what was once the royal's token of love to a jeweller's in London, where it is currently on sale for £29,000.

Lady Eliot, widow of Lord Eliot – whose death was the result of an epileptic fit in 2006 – separated from the Earl earlier this year.

A source was quoted in the paper as saying: "Spencer did not ask for the ring back – he said she could do whatever she wanted with it."

The ring was originally purchased for £25,000 and features a large diamond surrounded by small sapphires – the opposite of the ring Prince William proposed to Kate Middleton with, which formerly belonged to the Prince's mother and Earl Spencer's sister, Princess Diana.

Television historian Dan Snow exchanged rings recently with Lady Edwina Grosvenor in a simple Liverpool ceremony.

A statement read that the couple wanted a small wedding only attended by their families.