She's SO fancy!

Congratulations are in order for Iggy Azalea and her beau, Nick Young — the couple are officially engaged!

The athlete, also known as Swaggy P, dropped to his knee with a blinding sparkler that he designed himself. The 24-year-old was quick to share the news via Instagram.

"Happiest Day #Isaidyes," she captioned the pic.

iggy azalea
Instagram

According to E! News, the 10.43-carat bauble from Jason of Beverly Hills is worth $500,000! It features an 8.15-carat yellow cushion cut stone with 2.28 carats of white diamonds around it that's set onto 18-karat white gold.

That ring is insane — but Iggy's not the only celeb rocking major finger bling! Check out some of our favorite engagement rings in Hollywood in the gallery above!