Is Iggy Azalea engaged? Fans seem to think so after she was spotted with a diamond ring.

The rapper and her boyfriend, Playboi Carti, sparked engagement rumors when she posted an Instagram Story on Thursday night (July 4) that sees her sporting a massive diamond on her ring finger. The couple, who have been dating since last September, has not confirmed anything, but people are convinced he popped the question.

Take a look at the sparkler for yourself, below:

According to Page Six, the ring appears to be from designer Stefano Canturi, "whose signature “Stella” ring features a large emerald or cushion-cut center stone surrounded by a geometric ring of smaller emerald-cut diamonds."

Ever since Azalea and Playboi Carti started dating, they've kept their relationship as private as possible and rarely ever talk about each other in interview or post photos on social media. However, in a recent interview with Fader, the 22-year-old rapper revealed how he knew Azalea was the one for him.

"Once I started talking to her, I just cut off everybody. It was over with," he told the outlet.

If the ring is, in fact, what we think it is, this would be Azalea's second engagement as she was previously engaged to basketball player Nick Young before the pair broke up in June 2016.