WAG celebrates engagement party in $40,000 dress

On Saturday, January 16th at the swanky Mayfair Hotel in London, England, model WAG Danielle Lloyd celebrated her engagement in Paris in December to footballer Jamie O'Hara in a crystal-encrusted gown valued at 26,000 GBP (over $42,000). The gown (pictured at left) came from New Bond Street boutique Doly.

Guests to the party included TV presenter Liz Fuller, Una Healy and Mollie King from girl group The Saturdays, and one of Lloyd's best friends, glamour model and reality TV star Katie Price. Olly Murs, most recent winner of British reality TV show X Factor, was paid a roughly $17,000 performance fee by O'Hara, who plays midfield for the Tottenham Hotspurs football club, as a gift to his X Factor-loving fiancee.

O'Hara and Lloyd, who began dating in April 2008, are said to be planning a lavish wedding perfectly fit for a 'footie' and a 'WAG' for 2011. This will be the first marriage for both.