Iggy Azalea Is Engaged to Nick Young: See the Huge $500K Ring!

Wedding bells are in Iggy Azalea’s future!

The 24-year-old Australian rapper is engaged to her boyfriend, Los Angeles Lakers player Nick Young, who proposed at his 30th birthday party on Monday with a gigantic, 10.43 carat Jason of Beverly Hills ring valued at $500,000. The couple, who posed together for a Forever 21 campaign last year, have been dating since October 2013.

Stylist and The Real host Jeannie Mai posted an Instagram revealing the happy news, with the caption, “BEST NIGHT EVER for @thenewclassic & @swaggyp1. Congratulations- praying #HappilyEverAfter over you both 💑💗 #HeProposed!!!”

The custom-made ring, designed in part by Nick, has a 8.15 carat Fancy Intense Yellow cushion cut center stone with 2.28 carats of white diamonds set onto 18 karat white gold.

"Nick was very involved in designing the ring. We wanted it to be both a ring of Iggy's dreams and a ring that fit her personal style. It is always an honor when a client trusts me to help design a ring that symbolizes one of the most important decisions of their life," said Jason Arasheben, CEO of Jason of Beverly Hills. 

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