Pop superstar Kelly Clarkson gracefully acknowledged defeat Monday in her fight to keep an antique ring owned by British novelist Jane Austen, according to USA Today.

Clarkson is an avid Jane Austen fan. The simple turquoise and gold ring, which the first American Idol bought at a Sotheby's auction for £150,000 is one of the ultimate Austen treasures that any fan could ever have.

The dream of owning such a treasure is now unreachable for the Grammy winner however, as fellow Austen fans in Britain fought and succeeded to keep the ring in the UK. The Jane Austen's House Museum raised over £150,000, enough to meet the terms of the export ban placed on the ring by the British government, as reported by USA Today.

The Guardian revealed that the Museum began its fundraising effort for the Austen ring in August, and officials were delightfully surprised by the overwhelming support of Austen fans to keep the ring from being brought to America. One anonymous donation amounted to a whopping £100,000 while the rest of the required fee came from contributions around the world. The museum then succeeded in reaching its £152,450 target, beating Clarkson's bid way ahead of the September 30 deadline.

The Museum's curator, Mary Guyatt, considers the triumph as a great move for keeping history alive. She said, "We have been stunned by the generosity and light-footedness of all those who have supported our campaign to meet the costs of acquiring Jane Austen's ring for our permanent collection. Visitors come from all around the world to see the house where she once lived, and we will now take great pleasure in displaying this pretty ring for their appreciation," according to The Guardian.

Kelly Clarkson graciously accepted her loss, saying that "The ring is a beautiful national treasure, and I am happy to know that so many Jane Austen fans will get to see it," according to the Daily Mail. Clarkson hoped to wear the Austen bauble as her engagement ring, but now that she can't have it, the singer will have to wear a replica.