January 28, 2018 07:13 PM

Love don’t cost a thing — except when you’re Cardi B with a $500,000 engagement ring from your famous rapper fiancé.

The singer, who is nominated for best rap performance and best rap song for “Bodak Yellow,” showed off her massive eight-carat tear-shaped stone from Migos rapper Offset on the Grammy Awards red carpet at Madison Square Garden in New York City on Sunday.

“It makes me feel good,” Cardi B told E! on the red carpet. “Even when we’re in an argument … I’m like does he really love me? He got me a half-million dollar ring, yeah he does,” she joked, adding, “We really want to get married this year.”

Offset popped the question to the Grammy nominee at Power 99’s Powerhouse concert in Philadelphia in October 2017 with a diamond ring that is surrounded by nearly three more carats of diamonds and pink and white stones.

Be sure to check out PEOPLE’s full Grammys coverage to get the latest news on music’s big night.

Cardi B
Kevin Mazur/Getty

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Cardi B's engagement ring
Cardi B/Instagram

Cardi B’s all-white Grammys ensemble could be a similar look for her big wedding day.

“I’m good, I’m nervous, overwhelmed, I feel a lot of things. My dress is a preview of me in all white,” the rapper told PEOPLE on the red carpet.

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Cardi B
Lester Cohen/Getty

“It’s gonna be extravagant. We’re both rappers, both artists. It has to be a very extravagant wedding,” she said about her dream wedding. “We’re taking our time to plan it … if we had a few weeks off it would be easier, but we don’t have it.”

While Offset isn’t wearing a wedding band yet, he did get some new ink on his neck to show his commitment to Cardi B.

Earlier this month, fans spotted a new Powderpuff Girls tattoo on Offset’s neck, along with Cardi B’s own name tattooed directly below it.

On the carpet, Cardi wore a white gown by Ashi, paired with an extravagant updo and glamorous makeup by Erika La Pearl.

“I wanted to show Cardi B’s softer side,” the pro tells PeopleStyle of her look, which she wanted to be classic and sophisticated to pair with her “angelic” dress. “I wanted her eyes to pop with a well groomed brow line and her eye shadow not too heavy, along with a thin line of liner on the outer corners to emphasize the eyes. Cardi B’s lips were kept simple, only the top was lined to add definition alongside shades to complement her skin tone, including gold. I also used a nude liner to open up her eyes.”
To create the look, La Pearl used Ofra cosmetics, and applied the KISS Lash Couture 5th Avenue Collection in Grandeur for the carpet, and switched them for the Triple-Push Up Collection in Brassiere for her performance. She curled the top lashes, and also added individual lashes on the bottom.
And with outfit changes involved, La Pearl says she had to be totally prepared. “I had to make sure to have the prep kit ready and because we are on a time crunch everything is already per organized,” she explains. “Also because I have worked with Cardi B, I am able to know what she wants and to make sure that I  know what she is wearing and the type of environment.”

The 60th annual Grammy Awards, hosted by James Corden, are broadcast live from Madison Square Garden in New York City on CBS starting at 7:30 p.m. ET on Sunday.

— With reporting by Jackie Fields

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