Shanna Moakler has been awarded an engagement ring from Travis Barker

Shanna Moakler has been awarded an engagement ring from Travis Barker ...

Travis Barker''s Shanna Moakler engagement ring is in the works.

The former Playboy model is selling her 4-carat diamond ring and starting the bid at $51,000 because she is ready to move away from this phase of her life.

In a statement, alum of theCelebrity Big Brother said it''s a wonderful piece and was truly my dream ring.

However, that chapter of my life is over and even if wearing it at one time made me enormous satisfaction, I hope it will find a new home and continue to bring me as much happiness as it once did.

It''s a fantastic ring!

On Worthy.com, Moakler, the 47-year-old business is auctioning the stunning piece of jewelry a 4.01-carat round-cut Cartier sparkler. The auction begins on Friday, May 27, and runs until Tuesday, May 31, but may be extended depending on the level of interest.

I''m hoping the stock is selling for $120,000. The price of the product was $160,000, according to the former pageant queen.

Despite the timing of the auction, the Blink-182 rocker has just married Kourtney Kardashian in Italy Moakler said the sale has nothing to do with her ex-husband merging with another woman.

I''m sure people wouldassume that [it related to the wedding], but I simply wanted to find a proper seller andWorthy.comis is the most professional and I know will give this piece the attention it deserves, according to her.

Moakler and Barker got engaged in a Disneylands Haunted Mansion in 2004. Barker, 46, filed for divorce two years later, but the couple met twice before deciding their split.

The former couple has son Landon, 18, and his daughter Alabama, 16. Barker is also close with Atiana De La Hoya, 23, who is raising her first child from a previous relationship.

You may also like: