Rumors surfaced Thursday that superstar Jennifer Lopez was looking to sell off her 8.5 carat diamond engagement ring, given to her by estranged husband Marc Anthony.

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"Extra" has learned the reports are untrue and that Jennifer has never offered the ring for sale. Sources tell us the value of that ring is actually more than double the reported $4 million value.

Lopez is back at work on "American Idol" for Day Four of Hollywood week.

"Idol" returns to FOX January 18.

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