Iggy Azalea is so fancy, we already know; now she’s got the ring to prove it!

NBA player Nick “Swaggy P” Young popped the question to his 24-year-old lady love on June 1st (at his 30th birthday party) with a fancy intense yellow diamond engagement ring designed by Jason of Beverly Hills.

Photo courtesy of Jason of Beverly Hills

The three-stone stunner clocks in at over 10 carats and is valued at $500,000. “Nick was very involved in designing the ring,” Jason Arasheben, CEO of Jason of Beverly Hills, said in a news release. “We wanted it to be both a ring of Iggy’s dreams and a ring that fit her personal style. It is always an honor when a client trusts me to help design a ring that symbolizes one of the most important decisions of their life.”

The groom shared a photo of the special moment with his Instagram fans, captioning it, “She said yes. It’s over man. I’m getting married!”

Karen Civil, a guest at the party, posted a video of the proposal on Twitter.

Swaggy P celebrated his birthday tonight by popping the question to his girlfriend Iggy! pic.twitter.com/mF3W5eRau2

— Karεn Ciѵil (@KarenCivil) June 2, 2015

Fun fact: The Australian rapper and Lakers guard/forward actually “met” on Twitter and began dating in late 2013. They purchased a home together in Tarzana for $3.45 million last year (it was previously owned by Selena Gomez).

Azalea also recently made headlines for canceling her “Great Escape Tour.”

Congratulations to the happy couple!

— Stefania Sainato