Justin & Cameron... finally getting hitched?

Word is they have picked out an engagement ring. An "insider" told Life & Style they chose the ring four months ago from jeweler Suzy Fabrikant. It is a 7 carat Asher cut diamond set in platinum with pave diamonds on the band. Price tag: 300K

Lots of details hmm? They claim a friend of Timberlakes has confirmed the impending nuptials: "They've been engaged for awhile, but now Justin is ready to do it. They're planning to have a very small wedding in Hawaii during the summer."