AceShowbiz -

It was a first time for Beyonce Knowles when she was snapped wearing her alleged wedding ring during the Fashion Rocks event in New York on Friday, September 5. She set tongue wagging when, during a red carpet photo shoot, she was spotted flashing the huge rock, which is believed as the one her alleged hubby Jay-Z gave her after she became his wife.

Wearing a simple black dress and letting her long hair loose, Beyonce was seen sporting the ring on the ring finger of her left hand. Rumor has it that the ring is an 18 carat flawless diamond by Lorraine Schwartz, valued at more than $5 million dollars. Beyonce, nevertheless, has yet to comment on the ring and her alleged wedding with Jay- Z.

She, later that day, took the stage at the Fashion Rocks for a duet with pop star Justin Timberlake. The likes of Miley Cyrus, Rihanna, and Mary J. Blige were among the other performers during the star-studded event.

Beyonce and Jay-Z are longtime lovers. They've been dating since 2002, but are unwilling to share their romance with the media. They reportedly have obtained a marriage license on April 1, 2008 in N.Y.C. and held a wedding ceremony on April 4. But, neither of them has spoken publicly about that.

A glimpse of Beyonce's $5 million dollar wedding ring can be seen on People.