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was reunited with her engagement ring on Friday, three years after it was stolen from an upscale spa.
The actress was devastated after the 'exceptionally rare' item was swiped during her stay at the West Hollywood EDITION Hotel on Sunset Boulevard in 2023.
Collins, 36, had placed the engagement ring - specially designed by her husband, filmmaker Charlie McDowell and understood to be worth more than £65,000 - in storage at the venue.
When she returned, the Emily In Paris star found her belongings had been swiped, but there was no sign of forced entry.
Taking to Instagram on Friday, Collins confirmed the ring had finally been returned via a based jeweller.
Sharing a photo of the distinctive rose-cut diamond, she wrote: 'So grateful to @joethejewelerchicago for helping recover my original engagement ring after it was stolen almost three years ago.
Lily Collins was reunited with her engagement ring on Friday, three years after it was stolen from an upscale Los Angeles spa
'Having this home means SO much to us. I'm still speechless it's back on my finger.'
Collins and McDowell - the son of actor Malcolm McDowell - confirmed their engagement in September 2020, after meeting on the set of his film Gilded Rage the previous year.
They exchanged vows in an intimate wedding ceremony in Dunton Hot Springs, Colorado, in September 2021.
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Before meeting Collins, McDowell had a long-term relationship with actress Rooney Mara and dated both Emilia Clarke and Hilary Duff.
Collins has also had her fair share of headline-grabbing relationships, including a brief fling with her Extremely Wicked, Shockingly Evil, and Vile co-star Zac Efron in 2012.
The actress previously told of her heartbreak at losing her treasured engagement ring, revealing that it had been designed by her husband.
Speaking on Live with Kelly and Ryan, she revealed: 'It's a rose-cut diamond. Charlie designed it with Irene [Irene Neuwirth Jewellery]'.
Bonnie Dudeney, a private jeweller, gave her expert opinion on the gem to HELLO!, saying: 'This looks like a very pretty rose-cut diamond and at a guess probably weighs between 2 or 3 carats.
'This style of diamond always appears larger because it is cut flatter than traditional, modern diamonds. It's lovely 'light pink' colour and is exceptionally rare.
'While hard to place a value on it, it would certainly command a retail price upwards of £65,000.'
Collins and McDowell - the son of actor Malcolm McDowell - confirmed their engagement in September 2020, after meeting on the set of his film Gilded Rage the previous year
The actress previously told of her heartbreak at losing her treasured engagement ring (pictured), revealing that it had been designed by her husband
The actress is now planning to move from Los Angeles to London with her husband and their year-old daughter, Tove.
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Sources say she has been eyeing up a return to Britain since 'falling in love' with London during her 12-week run in the West End thriller Barcelona over Christmas in 2024.
Now Collins, the daughter of pop star Phil Collins, hopes to make the move permanent as she considers school options for Tove, who was born via a surrogate in January last year.
A source told Daily Mail: 'Lily grew up in the English countryside with many happy memories and she wants the same for her daughter.
'But instead of the countryside, she has fallen in love with London because that's where she has lots of friends and family.
'She is particularly taken with the north, like Hampstead and Queen's Park.'
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