Nba Star Nick Young Proposes To Rap Star Iggy Azalea With Yellow Diamond Ring Worth $500,000

Los Angeles Laker Nick Young proposed to rap star Iggy Azalea on Monday, June 1 — his birthday — with an engagement ring featuring an 8.15-carat fancy intense yellow cushion-cut diamond embellished by a halo of white diamonds.

The 24-year-old Azalea laughed and said “Yes” after Young went down on one knee and asked the Australian-born singer if she would marry him during his carnival-themed 30th birthday bash. Azalea was caught completely by surprise, according to friends at the event.

The beautiful 18-karat white gold ring, which is estimated to be worth $500,000, was designed by Young with a professional assist from Beverly Hills designer Jason Arasheben.

"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," Arasheben told Us Weekly.

The 30-year-old shooting guard/small forward, who recently signed a four-year contract with the Lakers worth $21.5 million, visited the jeweler no fewer than four times during a two-month period to fine-tune the ring’s design, which includes 2.28 carats of white accent diamonds.

“He knew he wanted a cushion-shape stone,” Arasheben told PEOPLE. “He was very meticulous and changed minor details on the design a few times until we both felt it was perfect. He was really determined to create the perfect ring for her.”

Citing mental exhaustion, the “Pretty Girls” rapper recently cancelled her Great Escape world tour that was set to kick off in San Diego on September 18. She told Seventeen magazine that she been going non-stop for the past two years and needed some time to regroup.

“I need a break from everything to just enjoy what I worked so hard for,” she said, “and I don't really feel like I've had a chance to do that."

Now she can enjoy some quality time with her new engagement ring, handsome fiancé and millions of devoted fans on social media. Instagram is where Azalea shared some romantic shots, including a close-up of the ring.

"Happiest Day #Isaidyes," was the caption of the ring shot, which was liked by 395,000 fans. "Love you @swaggyp1," captioned a second shot of the couple kissing — with the new ring neatly in frame.

If Azalea’s impressive ring is giving you a feeling of rapper deja-vu, it may be because it is, in fact, very similar to the dazzler received by Nicky Minaj less than two months ago. That ring had a heart-shaped fancy yellow diamond center stone surrounded by a double halo of white diamonds. Minaj's ring was also estimated to be worth $500,000.