Recording artist Iggy Azalea performs during KIIS FM's Jingle Ball 2014 at Staples Center in Los Angeles
Iggy Azalea has revealed that she was glad she didn’t win Best Rap Album at the 57th Annual Grammy Awards, last month, for which her debut studio album “The New Classic” was nominated. Recording artist Iggy Azalea performs during KIIS FM's Jingle Ball 2014 at Staples Center in Los Angeles, California December 5, 2014. REUTERS/Mario Anzuoni

Iggy Azalea might be facing controversy on social media, but her personal life has been filled with happiness. The Australian rapper is enjoying the Yuletide season as she and her current beau, Nick Young, reportedly gave each other lavish and expensive gifts.

The rapper has given the athlete a 1962 vintage Chevy Impala as a Christmas gift. It is reported from Daily Mail that the rapper sent the extravagant gift to her boyfriend wrapped in a red bow. Upon opening the present, Young found himself as the new owner of a stunning bright blue 1962 Chevrolet Impala complete with shiny silver rims and a cream interior.

The actual price of the gift was not disclosed, but similar models are available at approximately $30,000 to $200,000. Young immediately shared his thrill and happiness over the gift on Instagram and posted his gratitude to his rapper girlfriend.

The Los Angeles Lakers star returned the gesture by gifting a gorgeous gold necklace with a huge diamond-encrusted heart-shaped pendant to Azalea for Christmas. The rapper also posted her reaction via Instagram and flaunted her new gift by posting a photo a caption, "I love you infinitely." The 25-year-old Aussie rapper is currently going steady with Young. The couple also jointly own a $3.4 million compound in Tarzan, California. The place was reportedly owned by Selena Gomez earlier.

Meanwhile, Azalea has been experiencing a tough time on social media. She is the target of the infuriated attacks from fellow rapper Azalea Banks who raised many racist allegations against her. Banks claims that Azalea does not care much about black people and their woes despite owing her success to black culture. Their online feud has triggered the racist debate in the music industry and all over the world.

Their online feud has even polarised the music industry with various celebrities expressing their support for either rapper. Beyonce's sister Solange Knowles has come out openly to back Banks in this feud, as told by Sydney Morning Herald. The whole issue started when Banks got angry about Azalea's lyrics in the song called "D.R.U.G.S.". The Australian rapper referred to herself in the song as a "runaway slave master". Although Azalea later apologised for the same, the tension between the two is still on as reflected by Azalea's tweets lately.

You're poisonous and I feel genuinely sorry for you because it's obvious at this point you are a MISERABLE, angry human being. Regards!

— IGGY AZALEA (@IGGYAZALEA) December 19, 2014

Special msg for banks: There are many black artists succeeding in all genres. The reason you haven't is because of your piss poor attitude. — IGGY AZALEA (@IGGYAZALEA) December 19, 2014

Now! rant, Make it racial! make it political! Make it whatever but I guarantee it won't make you likable & THATS why ur crying on the radio.

— IGGY AZALEA (@IGGYAZALEA) December 19, 2014

im also not going to sit on twitter & play hip hop squares with strangers to somehow prove i deserve to be a fan of or influenced by hiphop. — IGGY AZALEA (@IGGYAZALEA) December 23, 2014

most people learn every and anything they can about the subjects they are passionate about, I'm no different.

— IGGY AZALEA (@IGGYAZALEA) December 23, 2014