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.
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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