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As we found out on Friday, Paul McCartney and his lady love Nancy Shevell are newly engaged. It will be Paul’s third marriage, after his decades-long marriage to Linda and his all too brief marriage to the one-legged hustler. Something tells me that Nancy is a keeper, and that this will be Paul’s final marriage. Nancy seems like a low-key woman, and I sincerely hope they’re happy together. Life & Style reports that Paul is so enamored with Nancy, he went all-out and bought her a $650,000 engagement ring! You can see a photo of the alleged ring here, at Life & Style. Apparently, Nancy “loves it.” Durr.

Paul McCartney’s fiancee Nancy Shevell unveiled her sensational $650,000 engagement ring on Friday, May 6, and Life & Style has the exclusive photos!

“Nancy’s ring is huge! You can tell she was excited to finally be showing it off,” an eyewitness tells Life & Style. “She was glowing and relaxed and looked like she couldn’t be happier. She even gave a thumbs up when asked how her and Paul were doing. Clearly the couple is very happy,” the eyewitness continued.

A source tells Life & Style of the huge round-cut diamond ring, “Paul spent more than $650,000 on the gorgeous ring, and Nancy absolutely loves it!”

Life & Style originally broke the news of the couple’s engagement after dating for four years. Check-out this week’s issue for all of the engagement details!

[From Life & Style]

Who doesn’t like a $650,000 ring? What woman looks at a $650,000 and says, “Nah, I’m good”??? Of course Nancy likes it. And good for them.

Sigh… I really hope she’s not a crazy golddigger. If she was Heather Mills-esque, we would have known by now, right? Her crazy would have already come out, I’m thinking.

UPDATE: Ooooh, The Mail says that Paul isn’t asking Nancy to sign a prenup, just that “McCartney’s lawyers have drawn up a simple one-page document, saying that in the event that the new marriage fails Miss Shevell won’t make a claim on the trust funds of any of his children, and that seems to be enough for them both.” They also say that the wedding will be a smaller, non-glitzy affair.

Here are some photos of Paul in Peru yesterday:

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Photos courtesy of Fame & WENN.

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