Eddie Murphy Pops the Question

7/29/2007 11:05 AM PDT

"Dreamgirls" star Eddie Murphy proved that girlfriend Tracey Edmonds is his favorite girl of all, by presenting her with a ginormous yellow diamond engagement ring this past week.

The ring was massive, but don't expect a blowout wedding. Murphy's first wedding to Nicole Mitchell in 1993 (they split in 2005), was a lavish $1.5 million affair, and is ranked by Forbes in the top ten most expensive celeb weddings of all time. This one, a friend told OK! magazine, "will be a private wedding. Something low key and very romantic."

Murphy is currently embroiled in a bitter battle with former girlfriend/baby mama Scary Spice aka Melanie Brown, with whom he has a child. He and Mel split right before he met Edmonds.