Rumors are spreading out all over Hollywood that Mariah Carey and Nick Cannon are officially married after impulsively tying the knot during a small ceremony on an island. According to Latina magazine who officially spread the rumors, only few pals are invited including the Da Brats. However, there has been no official confirmation on the wedding from both representatives of Nick and Mariah. Meanwhile, Access Hollywood, has reported that the two are engaged and that the engagement ring is crafted from platinum and features a square, emerald-cut fancy light pink diamond in the center, surrounded by 58 intense pink diamonds, flanked by two half-moon diamonds. The total carat weight of the ring – the center stone alone is 10 carats – is a jaw-dropping 17 carats, with a value of $2.5 million. Wooh!!!