Asda is selling a novelty engagement ring for £1 in stores and online ahead of Valentine's Day this year.

The £1 silver-coloured band includes an imitation diamond jewel and comes in red, heart-shaped velvet box.

On its website page at Asda it says: "Share some love with this ring with matching heart box."

Currently, it is available on the Asda website for £1, and you should be able to find it in-store if you wish to buy it.

The product was also available last year and brought about quite a bit of amusement from shoppers.

Laura Baker was one of those people and joked in a Facebook post: "For anyone who is wanting to propose this Valentine's Day, they do a really cute £1 ring in Asda.

"I wasn't expecting anything to be in the box to be honest. Thought it was just a ring box."

READ MORE: Engagement rings for Valentine's Day from H.Samuel, Ernest Jones, Beaverbrooks and more

Rachel Campbell was another person who found the concept quite funny.

She posted on her Twitter account in January last year: "Asda really out here selling an engagement ring and box for a £1. i stg you couldn’t make it up."

Catherine Fryer, Events Buyer at Asda says: “As the saying goes, it’s impossible to put a price on love but with the average cost of an engagement ring in the thousands, we wanted to offer our customers a more affordable version for 2022.”