Davido’s jeweler, Icebycw disclosed the development on Instagram, sharing a conversation he had with the singer.
In the chat, Davido explained that the ring accidentally fell into the water while he was on a boat in Jamaica.
The singer expressed sadness over the loss, revealing that it was his favorite ring and requested a replacement.
He wrote, “I’m so sad. E fall inside water for boat for Jamaica. My fav ring too. I go pay I wan do another one.”
Davido originally acquired the expensive ring in February last year, with its cost running into millions of naira.
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KanyiDaily recalls that singer Portable recently accused Davido of buying a $30,000 watch and falsely claiming it’s worth $100 million, criticizing him for living what he calls a “fake life.”
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