Are Nicki Minaj and Meek Mill making it official? It appears that hip-hop’s superstar couple is engaged.

Nicki took to Instagram on Wednesday to post a photo of her hand with a massive heart-shaped ring on it. She captioned it with a series of heart, ring, and diamond emojis.

According to E! News, the ring is a 15-carat yellow heart diamond mounted in platinum with a double halo of white pavé diamonds, which retails for a whopping $500,000.

Meek also added fuel to the engagement rumors by posting a yellow heart emoji. A fan told him, “You so fucking lucky ni**a,” to which he responded, “I am!”

A source confirms to E! that the couple is indeed engaged. “Both Meek and Nicki have been spending amazing quality time together lately and have gotten extremely close these past few months,” said the insider. “It may seem like it all is happening very quickly but Nicki and Meek are in this 100. They truly love each other.”

Nicki, 32, and Meek, 27, went public with their relationship in February following Nicki’s breakup with longtime boyfriend Safaree Samuels.

Meek proclaimed his love for Nicki in XXL. “That’s my baby right there. Shit real,” he told the magazine. “I got the girl that I wanted.”

Meek will join Nicki on the U.S. leg of her “Pinkprint” tour, which kicks off July 17 in Dallas.