The 45-year-old diva is engaged to billionaire boyfriend James Packer. According to Carey's rep, the pair got engaged on Thursday, January 21, in New York City

The love birds have been together for one year now. According to Us Weekly, the ‘Hero’ singer and his Austrilian Businessman just got some R&R while aboard Packer’s yacht in St. Bart’s earlier this week.

Reports revealed when the pair first stepped out together in June during a Capri getaway. “He’s wooing her,” a source told Us at the time.

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According to E News, Carey’s engagement ring comes at a massive 35 carats.

Entertainment Tonight reports it will be the third marriage for Packer, who has three children from his marriage to Australian model and singer Erica Baxter.

And this will be the third marriage for Carey as well, who split from estranged husband Nick Canon in August 2014. The America’s Got Talent host filed for divorce from Carey in January 2015.

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Carey and Cannon are the parents of 4-year-old twins Moroccan and Monroe. Prior to Cannon, Carey was married to Tommy Mottola for five years, Us Weekly wrote.