Wedding bells will be ringing for supermodel Miranda Kerr and Snapchat Founder and CEO Evan Spiegel. The former Victoria’s Secret Angel took to Instagram to announce their engagement and show off the ring on July 20.

Kerr, 33, shared the good news by posting a photo of her beautiful bauble, with a custom Snapchat filter (of course). The photo is captioned, “I said yes!!!” and features a Bitmoji cartoon depiction of the proposal, with the words “Marry Me!" in the bubble text. A cartoon version of Spiegel kneels in front of his bride. According to People, Bitmoji is now the property of Snapchat.

After a year of dating, Spiegel, 26, put a ring on it — and what an epic ring it is. Described as a “stunning super sparkler,” the gorgeous ring features a classic, round-cut center stone embraced by two elegant tapered baguettes.

"Miranda's ring is the quintessence of classic style and understatement," celebrity stylist Michael O'Connor told Us Weekly. "It's a classic round diamond of about 2.5 carats. The value of the ring would be approximately $55,000."

The magazine also reported that the couple will have “an extravagant wedding, in true Evan style."

The Australian beauty and the media mogul first met at a Louis Vuitton dinner in New York in 2014. They were first spotted as a couple in June of 2015. In May of this year, they bought a sprawling $12 million dollar home in L.A.’s chic Brentwood neighborhood.

Spiegel, co-founder and CEO of the mobile app Snapchat, created the platform with Bobby Murphy and Reggie Brown while they were all students at Stanford University. According to TechCrunch, Snapchat has a valuation of more than $22 billion.

“He’s 26, but acts like he’s 50,” said Kerr to Net-a-Porter’s The Edit. “He’s not out partying. He goes to work in L.A.’s Venice. He comes home. We don’t go out.” Kerr revealed to People that the pair are “decidedly low key.”

“We’d rather be at home and have dinner, go to bed early,” she said.

The Australian beauty and style icon was previously married to actor Orlando Bloom, with whom she shares a 5-year-old son, Flynn. After the split, Kerr established rules with her ex for introducing Flynn to a significant other. “We had to know the person for six months and feel good about them,” she said. “Evan met Flynn, so, yeah, things are going well. Orlando thinks he’s great. We’re just a modern family now!”

Credits: Ring photo via Instagram/mirandakerr; Miranda Kerr photo by Eva Rinaldi [CC BY-SA 2.0], via Wikimedia Commons; Evan Spiegel by cellanr [CC BY-SA 2.0], via Wikimedia Commons.