The 'Super Bass' rapper showed off her giant heart-shaped diamond ring in a photo posted to Instagram in the early hours of this morning.
Nicki revealed her excitement with a series of emojis alongside the photo.
Former American Idol judge Nicki confirmed the engagement following rumours that Meek had popped the question.
In a photo of Nicki and Meek posing by a car, fans had spotted a ring on her finger which sparked speculation. Nicki fuelled rumours even more by teasing fans on Twitter, simply saying: "I'll post it later."
Well, now she has, and isn't it pretty bling?!
Fine diamond jewellery expert Lewis Malka has valued the ring at a staggering £500,000!
"Nicki has an eight carat fancy yellow heart-shape central diamond, set in the increasingly popular double halo design with white diamonds in platinum," he said. "There are different hues of yellow diamonds available, this one however seems to have the perfect balance for me. I wouldn't have thought this cost anything less than £500,000 ($750,000)."
After a few months of dating rumours, Nicki and Meek went public with their romance in February. Congratulations!
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