The news about the 47-year-old reality television personality's decision to sell the ring was reported by Us Weekly, and she sat down for a brief interview with the media outlet to explain her thoughts.
The model then expressed that she wanted the ring, which starts at $51,000, to be given to someone who would appreciate it as she did.
Moakler made a point of describing the ring, which features a diamond encrusted band and a solitaire stone, as 'iconic.' 'I'm sure people would assume that it's related to the wedding, but I simply wanted to find a proper seller,' she stated. The pair appeared to have reconciled by the following year, but their marriage was formally dissolved in 2008.
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