An update about Pete Davidson and Ariana Grande's engagement has just emerged! When E! News went to talk with Greg Yuna, a jeweler who designed a stunning diamond ring for the pop star, he said that the Wild 'n Out star came to him in May with a request for the engagement ring for which he paid a whopping $93,000.

Greg said,

Pete called me at the end of May and said 'Look, I'm getting a ring. This is what I want.' And I told him that I had the right ring for him. He didn't tell me who it was for but told me to keep it a secret. He didn't tell me anything about it.

The jeweler further revealed that it took two weeks to make the 3-carats pear-shaped ring. The No Tears Left to Ring singer appeared to wear the stunning engagement ring onstage at June 2's iHeartRadio and 102.7 KIISFM's Wango Tango concert in L.A.

CAPTION: Ariana Grande's $100,000 Worth Engagement Ring Given By Boyfriend Pete Davidson SOURCE: Pop Sugar

At the time, sources described the Pete and Ariana being in the early stages of their relationship, so the ring didn't immediately spark engagement speculation.

As previously we reported on June 11 that the pair were engaged and the Saturday Night Live star covered up a forearm tattoo of his ex-girlfriend Cazzie David with the help of tattoo artist London Reese.

The newly-minted couple's romance was confirmed in late May as multiple sources reported that Ariana was "just started and is casual."

Days later, the two made their romance official, sharing a photo of themselves via Instagram rocked matching Harry Potter-themed robes.

One day later, Ariana posted a cozy photo with her boyfriend-turned-fiancee as she leans into Pete and he kissed her forehead.

Pete and Ariana are seeing each other since they called it quits with their respective partners.

One month ago, the 24-year-old songstress confirmed that she broke up with Mac Miller. Pete, on the other hand, parted ways with Cazzie David after dating for two years.

Update: After numerous relationships and affairs, Pete is currently dating girlfriend Kaia Gerber.