Revealed: Mariah Carey Sold the $10m Engagement She Received From James Parker

Their relationship crashed, but Mariah decided to cash in on it, no matter how "little".

Reports have it that singer, Mariah Carey, has sold the 35-carat diamond engagement ring James Packer gave her two years ago.

According to the New York Post, the singer had one of her business managers quietly sell the ring for $US2.1 million ($2.7 million) to a Los Angeles jeweller.

“A confidentiality agreement was signed, but the jeweller is currently selling it, and there’s only one such ring,” a source told the New York Post. “Mariah Carey’s public relations people are desperately trying to keep the story from the press, and have threatened the jeweller with litigation if he discloses her name.”

The insider further added that claim she did not sell the diamond because she was running short on cash. “She owns multiple homes, her entire catalogue of music, and she’s had numerous successful tours and residencies,” the source claimed.

Recall that Carey and Parker made headlines two years ago after he proposed and gave her the ring rumoured to be worth $10 million. Now, sources claim that the ring was worth way less than that.