Jessica Simpson to Auction Off Wedding Ring for Charity?

Jessica Simpson has made plans to auction off her 3.5 carat wedding ring and donate the proceeds to charity a published report claims.  The blonde actress and singer had recently been shown still wearing the ring around her neck, but no more.

Will She Auction Off Her Ring?

The report says the ring is off her neck and set for auction.

According to Mike Walker - the proceeds from the ring will go to Jessica's favorite charity that she works so hard to promote - Operation Smile.

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The report claims that Jessica called Nick personally to warn him that she was selling the ring for charity.  "Nick flipped out," an insider revealed.  "He pleaded with her to meet so they could discuss it."

Now apparently Jessica did agree to meet, but she refused to give up on her charitable contribution.  In fact - according to Walker - if the pair just happens top reconcile, shje will want a new ring fro a fresh start.

Nick is not happy - as he now realizes that some stranger could end up with Jessica's ring.

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Walker is also reporting in his "all the gossip" column that the ring will be auctioned off on eBay. No word on when the auction kicks off - but if this is accurate - the press release will come.

--Susan Hatch