A source tells PEOPLE that Jennifer Lopez 'just wants to close the door on this crazy chapter' of life following her divorce from Ben Affleck

Here's what's happening to Jennifer Lopez's $5 million green engagement ring in her divorce settlement from Ben Affleck.

Jennifer Lopez will keep the $5 million diamond engagement ring that Ben Affleck gave her. This decision is part of their finalized divorce settlement. The two actors, who starred in Gigli together, ended their marriage just two years after getting married.

Jennifer Lopez will keep the 8.5-carat green diamond engagement ring from Ben Affleck, following their recent divorce settlement. The rare diamond is estimated to be valued at $5 million.

Jennifer Lopez will reportedly keep her 8.5-carat green diamond engagement ring worth an estimated $5 million.

Jennifer Lopez and Ben Affleck have finalized their divorce. Court documents show that the legal proceedings concluded on Monday, five months after Lopez filed for divorce. The documentation shows that Lopez will be keeping a valuable item worth an estimated $5 million.

Jennifer Lopez and Ben Affleck's divorce is now finalized, just shy of 20 weeks after she filed without a lawyer on Aug. 20, following two years of marriage.