The 53-year-old woman who is Bezos’ girlfriend has been spotted wearing a sizable diamond ring earlier this week, sparking speculation over whether it is an engagement ring or just another present from the billionaire.

The “absolute monster” ring, according to Ajay Anand of Rare Carat, weighs 20 carats and costs about 2.5 million dollars.

Following their weekend surprise trip to Cannes on their $500 million superyacht, Jeff Bezos, 59, and Lauren Sanchez, 53, are present in the south of France for the Cannes Film Festival.

Their accommodation has been pretty spectacular, as they have been staying on Bezos’ 500 million dollar yacht, which has a mermaid on the prow which resembles Sanchez.

Sanchez is the founder of Black Ops Aviation and a former TV journalist. She previously wed Hollywood agent Patrick Whitesell, with whom she had a son and a daughter.

Since 2018, the two have been dating. Until later in 2019 while they awaited the finalization of Bezos’ divorce from MacKenzie Scott, little was known or made public about their connection. They had been wed for a staggering 25 years.

On the other hand, Bezos and his ex-wife MacKenzie Scott, to whom he was married for 25 years, have four children together: a girl and three sons.

When the moment is right, Sanchez has expressed a desire to follow in Jeff Bezos’ footsteps and travel to space

“He’s so happy, he inspires me every day, he makes me a better person every day; he’s the most loving human I know,” she told the outlet.

CNN reported that a source close to the couple has confirmed this to the channel.

Bezos and Sanchez have reportedly been dating since 2018, but only went public with their relationship once the Amazon billionaire’s divorce from his first wife MacKenzie Scott was finalised in 2019.

Meanwhile, no details about a possible wedding date or the proposal are immediately available.

Recall that Sanchez also accompanied Bezos on his trip to India in 2020.

In a 2022 interview with CNN, the Amazon billionaire described Sanchez as “the most generous, most big-hearted person that you would ever meet.”

Sanchez returned the favour on his birthday this year, when she shared a post describing Bezos as “the most loving and supportive partner.”