This is crazy! Reports are saying that Pete Davidson shelled out nearly $100,000 for Ariana Grande's engagement ring. They are saying that Pete custom made the piece for Ariana. The ring is apparently a 3.03 carat diamond set in platinum. You can see photos of the ring by clicking HERE and get more details as well. You can kind of see the ring in this Instagram photo. I didn't realize SNL paid so well! Do you think they'll last?