Iggy Azalea and Nick Young Are Calling Off Their Wedding — Here's the Scandalous Reason Why

Updated 06/20/16

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Pouring one out for Iggy Azalea and Nick Young. It's official — the couple has broken off their engagement. The rapper and her basketball-playing beau had already postponed their wedding due to the performer's work schedule, but now it seems like there are some more serious relationship issues that have caused the split.

The "Pretty Girls" rapper shared a heart-wrenching Instagram post about calling off her engagement to her beau. "Unfortunately although I love Nick and have tried and tried to rebuild my trust in him — it's become apparent in the last few weeks i am unable to." She went on to share that she has nothing but love for her ex, stating, "I genuinely wish Nick the best. It's never easy to part ways with the person you've planned you're entire future with, but futures can be rewritten and as of today mine is a blank page."

The backstory? The pair got engaged after meeting through a friend in 2013. The 31-year-old basketball player proposed at his 30th birthday party on June 2nd of last year with a beautiful 10.43-carat diamond (with a whopping price tag of $500,000!).The ring was created by celebrity jewelry Jason Arasheben and designed by Young himself. The proposal was caught on video and posted to Twitter, with Young down on one knee while popping the question. "It was a beautiful celebration for Nick with only his close friends and family.

Nick completely surprised Iggy with the proposal. She was shocked and so excited and emotional at the same time," a source tells E! News.

Unfortunately all good things must come to an end — that is, if there is cheating involved. The New York Post reported that the 26-year-old rapper was unable to regain her trust in her fiancé after he was secretly caught on video by his teammate D'Angelo Russel while talking about his relations with other women. The video (below) was then posted to social media. Yikes.

Now that the Australian rapper posted the her final words about the relationship, we can safely say that she is ready to move on (even though returning that Giorgio Armani dress and sparkler may be quite traumatic). Hopefully the split will come as a welcome situation for Azalea to focus on creating some new music and moving on to bigger and better things. If she's anything like Taylor Swift after a break up, she's sure to write some songs that will be at the top of the Billboard Charts in no time!

__See More: How to Tastefully Call Off Your Wedding __

Swaggy P celebrated his birthday tonight by popping the question to his girlfriend Iggy! > pic.twitter.com/mF3W5eRau2

— Kar•n Ci•il (@KarenCivil) > June 2, 2015

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