Jennifer Lopez will keep her diamond engagement ring in her divorce settlement with Ben Affleck. 

Affleck, 52, proposed to Lopez, 53, with an 8.5-carat green diamond engagement ring after they rekindled their romance in 2021. They married in an intimate Las Vegas ceremony in July 2022 and celebrated their nuptials with a ceremony in Georgia in front of friends and family the next month.

In August 2024, Lopez filed for a dissolution of marriage. Nearly five months later, on Monday, Jan. 6, they finalized their divorce, according to court documents obtained by PEOPLE.

Per 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 will keep the large green diamond ring, estimated to be worth over $5 million. The 8.5-carat, radiant-cut green diamond is flanked by two half-moon accent diamonds and set on a platinum band. Affleck included an engraved message on the band reading, “not.going.anywhere.”

At the time of the engagement, Lopez shared in her newsletter that the diamond’s green color was significant to her. “Green has always been my lucky color and now, for sure, it always will be.”

A diamond expert previously told PEOPLE at the time that natural green diamonds are “extremely rare,” adding, “Green diamonds among the most difficult to cut and a diamond like this could have taken a year or more to plan and cut to ensure that it reflects the best cut and color possible.” The expert said that the value of the gem will “significantly increase over time.”

Before the former couple rekindled their relationship, the two were previously engaged in 2004. (At the time, Affleck proposed with a 6-carat radiant-cut pink diamond ring from Harry Winston.) 

Jennifer Lopez on January 07, 2024 in Beverly Hills, California. Getty

The day before the divorce was finalized, Lopez dropped by Affleck’s home in Los Angeles. Lopez was accompanied by her child Emme, 16, while Affleck’s 12-year-old son Samuel was also present.

“The kids love spending time together. Ben and Jennifer always do everything for the kids to be happy,” a source told PEOPLE on Jan. 6, ahead of their divorce settlement news. 

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Ben Affleck and Jennifer Lopez on January 7, 2024 in Beverly Hills, California. Michael Buckner/Golden Globes 2024/Golden Globes 2024 via Getty

“The kids don’t drive, so Ben and Jennifer will continue to facilitate meetups,” the source continued. “They are not getting back together. Ben was with his kids for Christmas and Jennifer with hers. They all had a great holiday break.”

Affleck shares children Violet, 19, Seraphina and Samuel with ex-wife, Jennifer Garner. Lopez shares her 16-year-old twins, Maximilian “Max” and Emme with ex-husband Marc Anthony.