During a panel at 14th edition of Dubai International Sports Conference, the Juventus player, 34, showed off a Rolex GMT-Master Ice costing £380,000.

It is Rolex’s most expensive watches ever made, with 18 ct white gold and hundreds of 30 Carats of diamonds.

The Portuguese football star was also loaded with an enormous cushion cut yellow canary engagement ring on his middle finger, surrounded by dozens of sparkling diamonds.

Diamond expert Dovi Fehler at London Jeweller valued the ring, which is likely to be custom-made, at an astonishing £200,000.

And to top it off, Ronaldo wore a diamond encrusted eternity ring on his left hand, which Dovi estimated to be worth around £50,000.

The professional footballer, who is no stranger to wearing show-stopping jewellery, was also decked out in a diamond band on his wedding ring finger, estimated to be worth £50,000

During a panel at 14th edition of Dubai International Sports Conference, the Juventus player, 34, showed off a Rolex GMT-Master Ice costing £380,000

The Juventus megastar also owns a rare Franck Muller watch valued at an eye-watering £1.2million.

The watch was described as a ‘rare, stunning complication’ by Joseph Frost, owner of Frost of London which is the only UK supplier of Franck Muller.

He told Femail: ‘Ronaldo is a big fan of the brand and has been seen wearing them regularly.’

It is some upgrade on Ronaldo’s wrist after the Portuguese star was previously spotted sporting a £100,000 Jacob and Company limited edition H24 with a total diamond weight of 15.25 carats.

The Portuguese football star was also loaded with an enormous cushion cut yellow canary engagement ring on his middle finger, surrounded by dozens of sparkling diamonds

Ronaldo wore a diamond encrusted eternity ring on his left hand, with an almost identical Cartier piece costing £50,000

Ronaldo was crowned the highest earning Instagrammer of 2019, earning him £38.2million ($47.8million)