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Candy Bling: Mariah Carey & Billionaire Businessman James Packer Engaged + See Her $7.5 Million Diamond Ring

By Teonny Spears / Published on Friday, 22 Jan 2016 10:03 AM / No Comments

Move over Miley, you aren’t the only singer who decided to get engaged this week. According to The Daily Mail, Grammy Award winning singer and vocal powerhouse Mariah Carey is reportedly engaged to boyfriend, James Packer.

The Australian business mogul is said to have popped the big question in New York on Thursday evening (January 21, 2016), with a diamond ring that has an estimated value of $7.5 million. British Fine Jeweller, David Marshall of David Marshall London spoke about the ring stating:

“The stone appears to be an Emerald cut and if it is a D Flawless (the highest colour grading and without flaws) it will be in the region of $5m just for the stone at cost price. I would say that the retail value of the ring could be in the region of $7.5m.”

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Mariah Carey's Engagement Ring2

David Allen, the creative director of 77Diamonds added:

“This emerald cut diamond engagement ring looks to be around 30 carats and given Mariah’s penchant for perfection it will no doubt be of the top colour and clarity quality. Something like this would be valued in excess of $1.7m, the wholesale value of a diamond D flawless would be around $4.5m and retail we would sell for around $5m.”

Mariah Carey's Engagement Ring

This is the third marriage for Mariah, who first married Tommy Mottola in 1993 before their divorce in 1997. She then married actor and businessman Nick Cannon in 2008. Their separation shocked fans when it was announced in August 2014.

Mariah and James Packer (this is also his third marriage) began dating in the summer of 2015.

James Packer & Mariah Carey

About Teonny Spears

26 year-old Teonny Spears, is from a small town in Louisiana called Ferriday, where he currently lives. A fan of Pop music, Teonny began writing at a small age and in 2005, he began blogging for fun on Myspace about his favorite artists. After building a love for entertainment news, he began working for Defglam.com, and launched his own weekly show in 2009 called EnterSHADEment Talk for 8 seasons and over 200 episodes before ending the show in 2012. He shortly left Defglam in the same year. In 2012, Teonny became the Pop Culture Expert for Sinuous Magazine.After a three-year run, Teonny left the publication to pursue new interests, and now resides at PopGlitz.com, as the Editor-in-Chief, where he specializes in Celebrity Gossip, fashion, music & introducing readers to new and rising talent. Teonny is also part of a collective called The Bloginati, a Multifaceted group with people who touch on several forms of media.
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