MTO BREAKING NEWS: Rihanna Is Reportedly ENGAGED To Saudi Billionaire . . . And We Got The FIRST PICS . . . Of Rihanna's RING!!! (Look At The SIZE Of The Diamond)

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Rihanna was spotted out last night, and reports are that she and her Saudi billionaire boyfriend Hassan Jameel might be engaged. The two have been dating for nearly a year.

News reports are saying that the couple is ready to walk down the aisle in a few months; now they have proof. Rihanna was spotted yesterday wearing what many are saying - is a $1M wedding ring.

Look at the size of that diamond.

Here's the pic of the ring

Here is the close up pic