Paris Hilton’s continuing adventures in conspicuous consumption

Paris Hilton’s boyfriend, Cy Waits, certainly knows how to keep the heiress happy. After buying her a $375,000 Lexus for her 30th birthday, Waits took Hilton ring shopping at jeweler Jacob and Co. in New York City, according to Page Six. Hilton ended up leaving the store with a $25,000 black diamond ring. But is it an engagement ring? “We’ve talked about it,” Hilton said when asked about getting engaged. “This is once in a lifetime. I want to be with him forever. And Cy has great taste.”