Gregg DeGuire/WireImage
Meredith Lepore
Jun 02, 2015 @ 8:45 am

Now this ring goes beyond "Fancy"! Iggy Azalea got engaged to boyfriend L.A. Lakers player Nick Young on Monday night and shared the happy news by posting an Instagram photo of her enormous new rock.

She wrote in the caption, "Happiest Day #Isaidyes":

Happiest Day #Isaidyes

A photo posted by Iggy Azalea (@thenewclassic) on

Young presented the Australian rapper with a 10.43-carat ring that featured an 8.15-carat yellow diamond and a white diamond halo. The ring was designed by Jason Arasheben of Jason of Beverly Hills. 

RELATED: Iggy Azalea Debuts Pink, Dip-Dyed Lob

She also posted two sweet photos of the newly engaged couple, who have been dating for more than a year and a half

❤️❤️

A photo posted by Iggy Azalea (@thenewclassic) on

Love you @swaggyp1

A photo posted by Iggy Azalea (@thenewclassic) on

Young made the big ask on one knee on his 30th birthday—watch the footage of the big event here: 

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