Geri Halliwell Rings In the New Year

No, that wasn’t a solar flare in Madrid on Tuesday; it was just former Spice Girl Gerri Halliwell showing off the engagement ring that her fiancé, Italian yacht manufacturer Fabrizio Politi, laid on her.

The pair announced their engagement earlier this week, after a whirlwind romance—Halliwell, 36, and Politi, 34, met in Florence only last month.

The ring is reported to be worth an estimated $310,000 and, while the two haven’t announced any concrete marriage plans yet, the mega-bling on Geri’s finger is an obvious symbol of serious commitment.

Apparently, being the fiancée of a millionaire boat tycoon has its advantages.

But then, given the steamy display that the two put on while vacationing in the Maldives Islands last week, being Ginger Spice’s fiancé isn’t without its perks either.