Nick Cannon's Anniversary Gift to Mariah Carey: Candy Bling!

Nick Cannon and Mariah Carey have a shared love of candy ring pops – so why not combine that love with some serious bling for an anniversary gift?

Cannon did just that when he gave his wife a custom-made "Ring Pop" as a surprise gift during their small, private party for their second anniversary in Los Angeles Friday. But this sweet treat was no sucker: Hand crafted at Jason of Beverly Hills jewelers, the sparkler was made of white gold encrusted in white diamonds and pink sapphires.

"It also comes in a box complete with a spinner so that you can see it sparkle under the lights inside," Jason Arasheben, the CEO of Jason of Beverly Hills, tells PEOPLE.

And the candy ring has history in the happy couple's relationship: Three years ago when Cannon, 29, proposed to Carey, 41, it was with a diamond ring disguised in a ring pop candy wrapper. They got married in 2008 on Carey's Bahamian estate.

It's fitting that Carey's last album, Memories of an Imperfect Angel, has a track called "Candy Bling" on which Carey professes her love of old school candy ring pops.

Says Arasheben, "The ring pop design is something Nick knew Mariah would absolutely love."

Last month, Cannon said he and Carey planned to renew their vows as part of their anniversary celebration. "I encourage everybody to do it," he said at the time. "If you are happy and in love, celebrate it!"