Mariah Carey and James Packer Are Engaged

E! News has exclusively learned that she is engaged to the Australian billionaire businessman after a fairy tale romance.

Mariah's future hubby popped the big question in her hometown tonight, and he presented her with what can only be described as the most breathtaking engagement ring.

We're told that Mariah's new diamond bling comes in at around 35 carats and that no wedding date has been set just yet.

It should come as no surprise James got down on one knee for the multi-Grammy Award winner. Their love affair began just under a year ago and from the moment they started dating, "they fell head over heels in love with one another, " says an insider. "It's crazy how perfect they are together, they both know it and couldn't be happier."

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