Singer Janet Jackson will ring in 2013 with wedding plans after becoming engaged, according to a U.S. report.

The All For You hitmaker is set to wed billionaire businessman Wissam Al Mana after accepting his marriage proposal earlier this year.

A source tells UsMagazine.com, "(He) gave her a huge, expensive ring. She's afraid it will get lost, so she keeps it locked up."

The couple hope to exchange vows in Mana's native Qatar next spring and the 37-year-old plans on sparing no expense for his bride-to-be.

An insider adds, "He is flying in all of Janet's friends and family on private jets... (and) he wants to get a top chef to create a custom menu."

This will be Jackson's third trip down the aisle - she was previously married to James DeBarge and Rene Elizondo.