Take a Closer Look at Iggy Azalea's Massive Engagement Ring

Iggy Azalea got engaged to her boyfriend, NBA star Nick Young, on June 1, and she's wasting no time showing off her new bling. Iggy stepped out to run errands in LA on Tuesday, and her gorgeous ring was on full display. The massive $500,000 sparkler, which features an 8.15-carat Fancy Intense yellow center stone with 2.28 carats of white diamonds set onto 18-karat white gold, was presented to Iggy during Nick's 30th birthday bash last weekend. The couple's friends captured the romantic moment and shared photos and videos on their various social media accounts. Keep reading to see more photos of Iggy's stunning ring, then check out these nontraditional celebrity engagement rings.