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X17online snapped these first pix of Simon Cowell's fiancee Mezhgan Hussainy's enormous engagement ring as she left her parents house in Los Angeles last night.

The ring is certainly fitting of a man who has a reported $200 million dollar net worth.

Cowell, 50 and Hussainy, 36, have been dating for less than a year. Cowell was with ex-girlfriend Terri Seymour for six years, reportedly breaking up because Simon said he never wanted to get married. Mezhgan must have changed his mind in a big way!