Pete Davidson has not confirmed his engagement to Ariana Grande, but he is showing off the giant diamond ring that he gave the international pop star.

On Monday, June 11, news broke that the celebrity couple, who only recently confirmed their romance to the public, have already taken their relationship to the next level. Davidson and Grande have reportedly told their friends that they are, indeed, engaged although a wedding is unlikely to happen any time soon.

The couple has not shared details of their engagement, but the "No Tears Left To Cry" singer is spotted sporting a diamond ring. In a new photo on Instagram, Davidson gives fans a closer look at the engagement ring.

Ariana Grande's Diamond Engagement Ring

In a photo posted on Friday, June 15, the comedian can be seen holding Grande's hand. Grande can be seen wearing a giant tear-shaped diamond ring on her left hand.

u know what you'd dream it be like ? it's better than that

366.1k Likes, 8,086 Comments - Pete Davidson (@petedavidson) on Instagram: "u know what you'd dream it be like ? it's better than that"

TMZ previously reported that the ridiculously massive diamond ring has an equally jaw-dropping price tag. Grande's engagement ring, custom-made by Greg Yuna in New York City, is estimated to cost around $93,000.

The 24-year-old was first seen sporting the rock following her performance at the iHeartRadio's Wango Tango concert in Los Angeles on June 2. No word yet on when exactly the couple got engaged.

Nick Cannon Reveals Details About Pete Davidson - Ariana Grande Engagement

America's Got Talent host Nick Cannon revealed in an interview with Entertainment Tonight that his friend Davidson called him up and told him about plans to propose to Grande. The television personality, who married Mariah Carey after two weeks of dating, said that he is happy for the new couple.

"He was really excited, so I was like, 'I love it, man. Keep it going.' Love is in the air," Cannon recounted. "To see them together — and I've been one of those dudes with one of those fantasy, fantastic relationships where you just go off and get married."

The 37-year-old even offered to officiate the wedding.

Jeannette McCurdy Congratulates Ariana Grande

Despite their seemingly whirlwind romance, the friends of the celebrity couple are really happy to hear about the engagement news. Jeannette McCurdy, who appeared alongside Grande on Sam & Cat, said she is really proud of her former co-star.

"I'm super proud of her and excited for her," said the 25-year-old actress. "I'm super proud of her and excited for her."

Grande is set to release her upcoming album, Sweetener, later this year.

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