Nick Cannon denies engagement ring lawsuit

31 March 2009  

NICK CANNON has denied he is at the centre of a legal wrangle over the engagement ring he bought his wife MARIAH CAREY.
 
Recent reports suggested the star was facing financial ruin and a lawsuit from the jewellery store where he purchased the diamond band in 2008 - with Cannon failing to pay the full $500,000 (£344,000) price tag for the gem, according to MTV news.

 But the rapper-turned-actor is adamant that the stories aren't true - hitting back at the rumours on his official internet blog.
 
He writes, "It was this craziness about me being broke and being sued by my jeweller! Ridiculous! I just got like three new major multi-million dollar deals in the last two months. And I ain't even finish yet... But now I'm broke, okay!
 
"Where do these people get this stuff? First off, I wish my wife's ring did only cost $500,000, that would have been a deal! Do your research and you will see how much I really paid for it. When my wife and I first got married people were lying and saying the ring was used or that I re-gifted it! So after we cleared that up, almost a year later they come with some more ring drama."
 
And Cannon admits he would never skimp when it comes to buying presents for Carey.
 
He adds, "I would spend every last dime that I have ever made on my wife, she deserves to be showered with extraordinary gifts and as long as I live I will spend all my money on her and never touch a dime of hers."