Mariah Carey Ring A Gift From Nick Cannon, Actor Gives 17 Carat Sparkler To Diva As Marriage Rumors Spread

May 1, 2008

Mariah Carey and her sparkly left hand at the Tribeca Film Festival on April 26, 2008. (LaForce+Stevens/Wireimage.com)

(CBS) Mariah Carey and Nick Cannon haven't announced if they're married, engaged or even dating, but a jewelry company has confirmed that the hefty diamond ring the diva's been wearing on her left ring finger was a gift from Cannon.

Cannon worked closely with Jacob Arabo of Jacob & Co. to create the one-of-a-kind ring, the company said in a statement.

The couple have been photographed together in Las Vegas and New York recently. On Thursday, a source close to Cannon confirmed to Latina.com that the couple were wed in a spur-of-the-moment ceremony in the Bahamas the day before. The New York Post's Paula Froelich also reported the couple were married.

Photos: Mariah Carey

A publicist for Carey has not yet responded to TheShowBuzz.com's request for comment.

The $2.5 million Jacob & Co. diamond ring Nick Cannon gave to Mariah Carey. (LaForce+Stevens/Jacob & Co.)

Carey, 38, was previously married to music mogul Tommy Mottola from 1993 to 1998. Cannon, 27, was engaged to Victoria's Secret model Selita Ebanks for a few months last year.

Rumors that the ring Carey is wearing was originally given by Cannon to Ebanks are untrue, a spokeswoman for Jacob & Co. said.

Photos: Celebrity Couples

"It's a different carat weight, and a different color diamond," Marissa Drew told TheShowBuzz.com. "It was made specifically for Mariah."

The ring is crafted from platinum and features a square emerald cut fancy light pink diamond as the center stone surrounded by 58 intense pink diamonds and two half moon diamonds on each side. The center stone alone weighs 10 carats, and the total carat weight of the ring is 17 carats. It's valued at $2.5 million.