Builder Sam Cooper who has been dating the It’s Not Fair singer since July splashed out the huge sum on the lavish vintage bangle as a romantic treat after she fell in love with it during a holiday in Venice, Italy.
A source said: Lily spotted an amethyst and sapphire bracelet and said she loved it. The next day Sam sneaked off and bought it as a surprise.
As well as spoiling her with expensive gifts, the 44-year-old builder is also encouraging Lily, 24, to pursue an acting career.
He reportedly said: She would rock as an actress!
The couple have grown increasingly smitten over recent months.
Earlier this week, Lily revealed Sam’s compliments have helped boost her self-esteem.
She said: "I'm so confident and happy in myself now. My boyfriend tells me that I'm beautiful and that he loves me all the time. He says my butt is fabulous and that's all I need."