Iggy Azalea
Recording artist Iggy Azalea poses at the 2016 iHeartRadio Music Awards in Inglewood, California, April 3, 2016. Reuters/Danny Moloshok

Iggy Azalae’s fiancé Nick Young was not there with the Aussie rapper-songwriter-model at the iHeartRadio Music Awards on Sunday. However, she was still sporting the $660K engagement ring, which kind of baffled everybody present there.

Young had earlier confessed his infidelities to Lakers teammate D’Angelo Russell, but 25-year-old Azalea has revealed that she will continue wearing the 10-carat yellow diamond engagement ring until the cheating rumours are proven true. If they are indeed true, Azalea would call off the wedding. This was made clear by Azalea through her Twitter reply to a fan.

RELATED: Aussie rapper Iggy Azalea loves her body; criticises Schön! Magazine for photoshopping her topless photo

Young and Azalea got engaged last summer but postponed their wedding due to Azalea’s upcoming tour, reports The New York Post. Later, Young confessed about his infidelity to Russell, who secretly recorded the conversation. The video leaked and Russell apologised. However, Azalea thanked him for it.

However, Azalea is also facing problems with the IRS, reports TMZ. According to the IRS, Azalea owes nearly US$400,000 (AU$527,000) on unpaid income. She has been slapped with tax lien.

“They were hoping some more Nick mess would happen and now that it hasn't and it's getting boring they need to create something else. They exaggerate everything,” Azalea tweeted referencing Young’s cheating.

According to Azalea, the IRS gave her the option to pay monthly or lump sum, and she chose monthly. She blasted the media for making her life kind of a soap opera. She revealed she makes all her monthly payments on time to pay her debt. She also added that she is not in any kind of dispute with the government and she definitely does not own that much.