All the details about Princess Béatrice's $ 100,000 engagement ring

Another royal wedding is on the way!

Royal fans around the world have received the sweet news today Princess Beatrice is committed to Edoardo Mapelli Mozzi after a proposal in Italy earlier this month. "We are extremely pleased to be able to share the news of our recent commitments," the couple said in a statement released Thursday by Buckingham Palace. "We are both very happy to live together on this adventure and look forward to being married, we share so many similar interests and values, and we know it will be a great help to us. years to come, full of love and happiness. "

In the touching photos taken by Beatrice's youngest sister, Princess Eugeniecurious fans will be able to take a closer look at the magnificent sparkler from its real estate developer, designed by British jeweler Shaun Leane.

According to a press release, the ring is "a fusion of Victorian and Art Deco designs", hand crafted and "set with excellent cut diamonds of the highest color and clarity". It has been noted that diamonds are GIA certified and come from ethical sources.

The ringing process included a consultation with Mozzi, giving rise to "personal and sentimental signifiers for the couple" in the design.

"I am so honored that Edoardo chose to work with me to design Princess Beatrice's engagement ring and participate in this special moment of their lives," Leane said in a statement. "The tailor-made experience was a beautiful journey, from the design of the drawing with Edoardo to the making of the finished rings.The possibility of incorporating the characters of Edoardo and Princess Beatrice into the drawing allowed to create a unique ring that represents their love and their life. "

The ring features a round diamond estimated between three and four carats. "Few models of engagement rings are as timeless and elegant as a large round diamond stone flanked by two tapered chopsticks set with platinum," said E! Ira Weissman, founder of The Diamond Pro. New. "This one never goes out of style – with a central stone of three to four carats and a quality worthy of a princess, this ring would sell for about $ 150,000."

Kathryn Money, vice president of strategy and merchandising at Brilliant Earth, reiterated that the diamond appeared to weigh an estimated 3.5 carats, making the approximate price of $ 75,000 to $ 100,000, depending on the quality and characteristics of the central stone.

With a ring officially on the finger, the princess and her future husband can start planning their big day, which, as the Buckingham Palace has confirmed, is slated for 2020.

Congratulations to the bride and groom!