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Hailey Baldwin flaunts her $500,000 engagement ring

absolute best friend. A post shared by Hailey Baldwin (@haileybaldwin) on Aug 19, 2018 at 3:20pm PDT Model Hailey Baldwin flaunts her engagement ring. Balwin shared a photo on Instagram on Sunday, August 19 of fiance Justin Bieber holding her on a boat with Hailey's bling on full display. According to the Daily Mail, her ring is valued at $500,0000. The model captioned the photo of her and the singer "absolute best friend." Hailey got engaged to Justin Bieber at a resort in the Bahamas. News broke of Justin's proposal on July 8, 2018. Hailey is the daughter of Stephen and Kennya Baldwin.