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Tyga Buys Avril Lavigne a Custom-Made $80,000 Diamond Necklace amid New Romance

LOS ANGELES, CA - MARCH 16: Avril Lavigne and Tyga are seen on March 16, 2023 in Los Angeles, California. (Photo by Rachpoot/Bauer-Griffin/GC Images)
LOS ANGELES, CA - MARCH 16: Avril Lavigne and Tyga are seen on March 16, 2023 in Los Angeles, California. (Photo by Rachpoot/Bauer-Griffin/GC Images)

Rachpoot/Bauer-Griffin/GC

Avril Lavigne is all blinged-out thanks to a new gift from Tyga!

PEOPLE can confirm that the "Rack City" rapper, 33, gifted the "Sk8er Boi" singer, 38, with a custom-made necklace from Mavani & Co Jewelry, which cost him $80,000. TMZ was first to report the news.

Mavani & Co Jewelry founder Eric Mavani says that the jewelry features 50 carats of white and black diamonds, as well as pink sapphires.

In an image of the necklace shared on Instagram, the piece can be seen with several pendants on it, including two of the letter "A" written over a pink heart, as well as two skulls and crossbones accessorized with pink ribbons. Lavigne's first name also takes center stage at the front of the necklace.

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RELATED: Avril Lavigne and Tyga Are 'Getting to Know Each Other' as They Share Kiss in Paris: Source

Last month, an insider told PEOPLE that Lavigne and ex-fiancé Mod Sun had called off their engagement after less than a year.

"Avril and Mod Sun have been on and off for the past two months, but are no longer together as a couple," the insider said at the time.

Avril Lavigne
Avril Lavigne

Rachpoot/Bauer-Griffin/GC Images

The singer was then spotted with Tyga on numerous occasions, including an outing at Nobu restaurant last month.

A source told PEOPLE earlier this month of the pair: "Tyga and Avril are getting to know each other. It's very new. It's very casual."

RELATED VIDEO: Avril Lavigne Receives A Star on the Hollywood Walk of Fame

Lavigne and Tyga later confirmed their romance when they were photographed sharing a kiss outside the Mugler X Hunter Schafer party at Paris Fashion Week earlier this month.

A day later, the duo sat front row at the Y/Project Fall 2023 Ready-to-Wear fashion show.

For that appearance, Lavigne and Tyga wore matching, floor-length leather coats over plain black tops, which they accessorized with chain-link necklaces.

Tyga donned edgy leather pants, while Lavigne's pants featured a cutout detail along the leg. She completed the look with smoky eyeliner.