Uh-oh! Mariah Carey and James Packer ended their nine-month-long engagement in October 2016, but Mariah’s still holding on to the 35-carat diamond engagement ring worth an estimated $10 million. Now, a source exclusively tells Life & Style that James wants the ring back.

“He’s told pals he wants his ring back,” an insider says, “and he’s going to have his team reach out to her to ask for it.” Mariah has worn the ring often since the breakup, even while hanging with her new beau, Bryan Tanaka.

mariah carey and james packer - getty images

James, 50, has moved on, too, with 30-something NYC socialite Kylie Lim, and that’s a big reason he suddenly wants the ring back. “James is telling his pals,” the insider adds, “that he’d eventually love to give Kylie the ring.”

For more on this, pick up the new issue of Life & Style, on stands now!