Carefree Iggy Azalea flashes her huge engagement ring from Nick Young at Miami Beach Gay Pride Event... after insisting their relationship is 'good' amid video scandal

Iggy Azalea looked incredible on the red carpet for the Miami Beach Gay Pride event on Saturday.

And now it was time for the 25-year-old rapper to celebrate as Grand Marshall for the Parade, following in the footsteps of last year's host Mario Lopez. 

While partying at the Pride Parade, which is a three-day event, Iggy flashed her huge engagement ring from fiance Nick Young - quashing rumours their relationship is in trouble. 

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She knows how to move! Iggy Azalea looked incredible on the red carpet for the Miami Beach Gay Pride event on Saturday

Iggy was fashion flawless again as she wore a fitted pair of high-waisted denim shorts and a short-sleeved white crop top with a strip of rainbow colour across the front. 

The star added a pop of colour to her ensemble as she wore a pair of retro orange aviators and a multi-coloured beaded necklace. 

She wore her long blonde locks in loose waves as she was seen dancing around at the event with her make-up typically flawless. 

Despite sporting the string of beads around her neck the main accessory was her $500K, 10-carat yellow diamond engagement ring from fiance Nick Young - which was firmly in place.

Eye-watering! While partying at the Pride Parade, which is a three-day event, Iggy flashed her huge engagement ring from fiance Nick Young - quashing rumours their relationship is in trouble

Hot damn! Iggy Azalea looked sensational at the Miami Beach Gay Pride Parade on Sunday

All good: She opened up about her relationship with basketball star, 30-year-old Nick Young, on the Ellen DeGeneres show on Friday. Iggy quashed rumours that there are problems between the couple, clarifying for Ellen that: 'There isn’t [controversy] at home, just on the internet'; here they are seen in May 2015

The couple's relationship has hit headlines frequently of late, after her 30-year-old live-in fiancé of 10 months was caught on tape in a leaked YouTube video discussing his dalliance with a 19-year-old in a nightclub.

After the 6ft7in shooting guard's LA Lakers teammate D'Angelo Russell admitted to shooting the clip last week, Azalea had suspiciously tweeted: 'hmmm i see D Angelo Russell is trending... I actually liked his film. Thanks bro.'

Last week, Nick reportedly retweeted (then deleted) a TMZ article titled 'Nick & Iggy Are Still Getting Hitched', shortly before Iggy opened up about her relationship on the Ellen DeGeneres show on Friday.

Loving life: Iggy's figure was no doubt a talking point - while her incredible engagement ring probably caught admirer's eyes also 

Greeting the fans: Iggy was fashion flawless again as she wore a fitted pair of high-waisted denim shorts and a short-sleeved white crop top with a strip of rainbow colour across the front

Lapping it up: Iggy strutted her stuff into the crowd, looking simply sensational doing so 

Iggy quashed rumours that there are problems between the couple, clarifying for Ellen that: 'There isn’t [controversy] at home, just on the internet.' 

Ellen then went on to confirm, 'but at home, you're good?' Iggy responded in the affirmative, 'yeah, we're good'.  

Yet another defiant display, saw a Twitter user called Rat Emoji offer to call a moving van for Iggy, to which she replied: 'lol, errrrr.... nick and i are good babe.

''Peep the way when one thing happens media scrambles to keep adding on to the storyline, like a soap opera. #IggyNovela,' the Azillion hitmaker tweeted to her 6.1M followers on Monday. 

Legs Eleven: The star certainly showed off her curvaceous form in her figure-hugging ensemble

Leggy Blonde: Iggy towered over her friend Elvis Duran as she showed off her endless legs in a pair of mini shorts

Later in the day, Iggy slipped into a more demure ensemble, which showed off her body nonetheless. 

A stunning black jumpsuit flashed every inch of her sensational curved while boasting a cheeky plunging neckline which acted to give a glimpse of her cleavage - the result of a boob job. 

Seemingly enjoying a break from the madness, she took a moment out to grab a bite to eat with pals during which she was laughing and having a whale of a time. 

A huge pair of sunglasses topped off the stylish ensemble - adding an injection of superstar power. 

Top of the crops: Iggy made sure to flaunt her toned and flat stomach in her skimpy outfit

Party Time: Iggy's fans looked pleased as they were all able to photobomb the star!

Retro Chic: Iggy looked amazing with her orange shades and multi-coloured striped crop top

Hot damn: Iggy looked great in her second outfit of the day which showcased her tiny waist

Blonde beauty: After all that partying it's not wonder Iggy took a break to grab some food with friends 

Shopping time: Iggy was spotted checking out some belts in Miami as she was strolling with some friends