The Latest Celebrity News & Showbiz Gossip
Thursday 12th December 2019

Katie Price 'forced to sell Peter Andre engagement rings' after being declared bankrupt

Selling off two of the three

Katie Price has been forced to sell the engagement rings from her relationship with Peter Andre after she was declared bankrupt, reports have claimed.

Katie, 41, has been struggling with finances recently.

Now the mum-of-five has decided to pawn off the rings in a bid to raise cash.

Katie and Peter were together until 2009 (Credit: SplashNews.com)

Read more: Katie Price breaks silence on money woes after being declared bankrupt

The Sun reports that Katie received three engagement rings from Pete, 46, after he first popped the question in 2004.

The publication quotes a source who said: "Katie's got three engagement rings from Peter - she wants to keep the first one for Princess but the other two 'upgrades' she's willing to sell.

She says they're worth nothing to her anymore and she wants a fresh start.

"She says they're worth nothing to her anymore and she wants a fresh start.

"She's not sure if she'll sell them in a private auction or a public sale but she wants to sell them to the highest bidder and cash in."

Katie and Pete first met on I'm A Celebrity (Credit: ITV)

The source went onto say that the two rings Katie wants to sell total £230,000, with one upgrade costing £150,000 and the other cost £80,000.

Katie and Pete first met on I'm A Celebrity in 2004, and got married a year later.

After having two children together, they split in 2009.

ED! has gone to Katie's reps for comment.

Read more: Katie Price reveals she's consulted a psychic and their predictions were RIGHT

Elsewhere, another report claimed that Pete feels 'sorry' for his ex-wife during her financial battle.

A source claimed that he reportedly phoned her up and,  'promised to help pay for their children'.

Leave us a comment on our Facebook page @EntertainmentDailyFix and let us know what you think of this story.