credit: instagram @nickcannon

Nick Cannon just dropped some major cash on a HUGE diamond butterfly bracelet for his wife Mariah Carey.

It could be a birthday present for her 45th birthday...

But it came just after Cannon admitted that he was able to get a number of celebrities in bed, including Kim Kardashian.

Was this a "I'm sorry," gift? Or simply a birthday gift? Tell us what you think!