Mariah Carey is generating some huge speculations. It seems the presence of a ring on her engagement finger have tongues wagging.

The singer wore a gigantic ring on a very important finger at the afterparty for her film, Tennessee Saturday night and Nick Cannon remained by her side the entire night, PEOPLE reported.

According to the mag, the pair held hands at the Cadillac Lounge at Tenjune. The pair were also spotted canoodling on April 14 in Vegas. Cannon's rep had no comment while Carey's was not available for comment. And while her new album E=mc2 is currently breaking records, she has a really big fan in Cannon. When asked what he loved about Carey he told PEOPLE, "Everything."

Hmm, wonder if we will be hearing anything further on this one.