UPDATE: Nicki Minaj and Meek Mill are not engaged. The beautiful sparkler was a gift from the Philly rhymer on the Queen Barbz's 33rd birthday. In a cover story for Billboard, Minaj told the magazine that they are not ready for marriage yet. “He and I are not engaged,” she said. “But he said he would like to give me three rings before we get married."

Nicki Minaj is flaunting a heavy rock on her ring finger leaving fans to wonder whether the "Super Bass" rapper is engaged to her boyfriend, Meek Mill.

"Now this is what I'm talking about baby. Lol. Love u," read the post on Minaj's Instagram page with a photo of the princess cut diamond ring. She also tagged Meek Mill. "RANG finga whr da rock iiizzzzzzzz," continued the caption which quoted her versa from her Grammy-nominated song, "Only."

Minaj seems to be pretty happy with the new addition to her jewelry collection as well since she called the stone "flawless," -- again quoting herself but this time from the "Flawless (Remix)."

Meek Mill has had a rough year, taking on several rap battles, and terribly losing one against Drake. But one thing he's stayed winning with is being able to keep the Queen Barbz at his side, despite many casting their bets at the end of the relationship after the feud with Minaj's friend and Young Money labelmate. But now he seems to have put a ring on it.

But this isn't the first time engagement rumors flew around the two. In April, Minaj posted a photo of a ring on her ring finger with nothing but emojis in the caption for fans to decipher.

However, the couple came out later and said that they weren't engaged. The rap superstar celebrated her 33rd birthday on Tuesday (Dec. 8) as well, so it's also likely to be a very expensive birthday present.

Either way, we'd be happy for the couple. #OmeekaForever

Check out her big ring -- and fresh manicure -- above and below.

Hip-Hop & R&B Hookups in 2015 (So Far)