According to Access Hollywood,  that is an engagement ring Mimi has been sporting lately.

She and Nick Cannon are engaged!

Mariah’s first stroll down the aisle was with Tommy Mottola. Nick’s been around the engagement block previously with a Victoria’s Secret model.

Hey, wait.  Mariah’s 38 and Nick’s only 27!

That qualifies the diva an official Cougar status!

Congrats to Nick and his soon-to-be old lady!

Photo: Looks like Nick had his eyes on Mariah for quite some time. Here they are at the Billboard Music Awards back in 2005. Aw, she waited for him to grow up a bit! Sweeet!

Posted by:Elizabeth Snead