According to E! News, the ring is a 15-carat yellow heart diamond mounted in platinum with a double halo of white pavé diamonds, which retails for a whopping $500,000. Nicki took to Instagram to post a photo of her hand with a massive heart-shaped ring on it with the caption of a series of heart, ring, and diamond emojis.
A source confirms to E! that the couple is indeed engaged. “Both Meek and Nicki have been spending amazing quality time together lately and have gotten extremely close these past few months,” said the insider. “It may seem like it all is happening very quickly but Nicki and Meek are in this 100. They truly love each other.”