Jennifer Lopez will keep the 8.5-carat green diamond engagement ring from Ben Affleck, following their recent divorce settlement. The rare diamond is estimated to be valued at $5 million.

Jennifer Lopez and Ben Affleck have finalized their divorce half a year after the singer filed for a dissolution of marriage. According to the Associated Press, Lopez filed documents on Monday, Jan. 6 in Los Angeles Superior Court to show that the former couple settled their divorce through mediation in September.

Jennifer Lopez and Ben Affleck have settled their divorce, about four months after Lopez petitioned to end their marriage, according to court documents obtained by CNN.

A source tells PEOPLE that Jennifer Lopez 'just wants to close the door on this crazy chapter' of life following her divorce from Ben Affleck

Lopez will have the unique green diamond, which Affleck had engraved with a personal message, after the pair settled their divorce.

Court documents show Jennifer Lopez and Ben Affleck settled their divorce back in September and are now asking for a judge to approve the breakup.

After Jennifer Lopez and Ben Affleck settled their divorce, which the “On The Floor” singer filed in August, filings reveal their assets agreement, including the status of her ring.

Jennifer Lopez and Ben Affleck finalized the financial details of their two-year marriage on Monday, Jan. 6. Still, it might the emotional aspects of the relationship that she’s ready to move on from.

Jennifer Lopez and Ben Affleck “were never going to get petty” in their divorce, an insider exclusively tells In Touch just two days after the former couple finalized their divorce. "Jennifer and Ben are officially divorced and the only bright spot is that they never got ugly.

Jennifer Lopez and Ben Affleck have settled their divorce five months after they filed. Keep watching to see what the terms of their divorce papers say. Tetris Kelly: Five months after filing for the dissolution of their marriage,