Paris Hilton has reportedly auctioned off her £2. 7 million engagement ring from ex-fiancé Paris LatsisThe hotel heiress sold the stunning diamond band in aid of victims of Hurricane Katrina, according to a report in Britain's Daily Star newspaperThe winning bidder is said to have bought the ring for less than half of what Latsis paidHilton called time on her romance with the shipping heir earlier this month because she claimed she wasn't ready for marriageThe 24-year-old said in a statement: "I'm sad to announce that I've called off my engagementOver the last couple of months I've realised that this is the right decision for me" The blonde socialite - who got engaged to Latsis just five months ago after a whirlwind courtship - told the New York Post she doesn't want to rush into marriage She said: "I feel I'm just not ready for marriage I have seen the break ups between people who love each other and rush into getting married too quickly - and I do not want to make that mistake"

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