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Iggy Azalea Calls Off Her Engagement To Nick Young

Credit: (Photo credit: John Salangsang/BFA)

Iggy Azalea‘s Great Escape world tour isn’t the only event she’s canceled this year.

Insiders tell Star the 25-year-old Australian rapper has also called off her upcoming nuptials to NBA player Nick Young after British TV personality Donatella Panayiotou, 31, confessed to having a long-distance affair with the 30-year-old L.A. Lakers star.

PHOTOS: Iggy Azalea Betrayed! Her Fiancé Nick Young’s Affair With Donatella Panayiotou Caught on Camera

(Photo credit: Jen Lowery / Splash)

(Photo credit: Jen Lowery / Splash)

“Iggy feels absolutely betrayed by Nick,” says a pal. She’s even unfollowed her former fiancé on Instagram in light of his womanizing ways. But there’s one thing this pretty girl won’t do: return her enormous $500,000 yellow-diamond engagement ring!

“As of now, Iggy’s keeping the rock he gave her,” reveals the source. “She’s been publicly humiliated. Nick owes her.”

Fancy that!

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