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James Packer and Mariah Carey engaged

Third time's a charm for the loved-up couple.

Businessman James Packer has reportedly popped the question to his girlfriend and multi-Grammy award winning songstress Mariah Carey, reports E! news.

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According to E! News the 48-year-old Australian billionaire asked Mariah, 45, to marry him on Friday and proposed with a giant 35 carat diamond ring after a year of dating.

The jet setting pair – who have been spotted in romantic locations together all over the globe – reportedly met in 2014 at a movie premiere in Aspen.

Of their first meeting Mariah told E!, “We were talking and laughing and people were getting mad at us and stuff like that. So, we hit it off.”

The duo have a lot in common. Not only are they both independently wealthy, both have been married three times, respectively, and have children from previous partners. Mariah is mother to 4-year-old twins, son Moroccan Cannon and daughter Monroe Cannon, with ex Nick Canon, while James has three children: Indigo Packer, 7, Jackson Packer, 5 and Emmanuelle Packer, 3 to ex-wife Erica Packer.

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