Nope, folks, here’s my scoop: That gigantic 35-carat “diamond” engagement ring Aussie billionaire loverboy JAMES PACKER slipped onto Mimi’s dainty digit is a total PHONY every other time ya blink, mate!
Say WAAAAT?? Explained My Gem Yenta: “That crazy giant rock James gave Mariah is so incredibly valuable — worth an estimated $10 million — that she fretted about wearing it in public.
“So Clever Grrrl had an exact non-precious replica made and wears the flashy fake when she travels, performs or attends functions.
“But the real deal REALLY makes Mimi squeal!
“She loves flashing her diamond/ platinum sparkler whenever she’s with very close pals, alone with James — or even just by herself — gushing that it makes her feel like a million bucks!”