All to know about singer's shiny new engagement ring

American rappers, Cardi B [Belcalis Almanzar] and Offset [Kiari Cephus] sent ecstatic waves round the world last weekend with their engagement.

Offset, a member of the three-man group, Migos, got down to propose to his 'Bodak Yellow' sweetheart while the pair performed at the Power 99 Powerhouse concert in Philadelphia on Friday, October 27.

Here is all you need to know about the diamond engagement ring Offset proposed with

1. 8 Carats

Moments after their performance had ended, Offset reveals in one of his Instagram stories that the ring he proposed with is a huge 8 carat diamond sparkler.

2. Up to $1.5million

The retail price on a 8 carat ideal cut diamond ring would range from $1 to $1.5 million. So, Cardi has on her ring finger what could be up to a whopping ₦359.5million!!!

3. More details

The ring is a massive pear-shaped halo diamond sparkler. It was made by celebrity jewelry designer Pristine Jewelers.

Cardi’s newest accessory is offset by two layers of diamonds, one of which happens to be a dazzling pink hue.

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4. Cardi still can't believe

"I just want to go to sleep and wake up and make sure this ain’t a dream," says the rapper in the caption of an Instagram clip which shows her holding the huge rock with her bejewelled pink talons and admiring its stunning beauty.

We'd swoon too if we had such magic sparkling on our finger for just a minute.Rival Nigerian gangs use swords to fight in Indian hospital [Video]