New details about the divorce settlement between Jennifer Lopez and Ben Affleck have been revealed.

Court documents obtained by People indicate that the "On the Floor" singer will keep the massive 8.5-carat green diamond engagement ring the Argo director proposed to her with after they reunited in 2021. The ring, which also features two half-moon accent diamonds bracketing the green diamond, is estimated to be worth more than $5 million.

The ring also held a special significance to the couple as Affleck had the phrase "not.going.anywhere" engraved on the platinum band, likely a reference to their relationship in the early 2000s. Their 2021 reunion came 20 years after their first engagement was called off.

According to the divorce documents, Affleck "disclaims and waives all right, title, and interest in and to the following assets hereby confirmed and transferred" all of Lopez's "clothing, jewelry, and miscellaneous personal effects in her possession, custody or control."

Lopez filed for divorce from the Good Will Hunting actor in August 2024, two years after the couple walked down the aisle in an intimate Las Vegas wedding in July 2022. They held a larger ceremony in front of their family and friends in Georgia the following month. The exes finalized their divorce on Monday (January 6).

A source recently told People that the "Let's Get Loud" singer was ready for this "nightmare" chapter of her life to come to a close.

"The fairytale she was promised turned out to be a nightmare in the end," the source said, adding that while Lopez is in a "really good place," she "'just wants to close the door on this crazy chapter."

Michelle Fay