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Iggy Azalea And Nick Young Are Engaged! Demi Lovato ‘Could Not Be Happier’ For ‘Pretty Girls’ Rapper!

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"Pretty Girls" rapper Iggy Azalea and Nick Young just got engaged! The L.A. Lakers popped the question during his birthday party earlier this week and of course the Grammy nominated artist agreed to be his wife.

The happy couple also shared the great news on their respective social media accounts.

The Australian rapper posted a photo of the massive 10.43 carat engagement ring (estimated at $500,000) along with the two of them hugging on Twitter and captioned it, "#isaidyes @NickSwagyPYoung". Young reportedly helped design the ring with Jason of Beverly Hills.

Young couldn't help but gush about his wife-to-be as well. He uploaded a photo of them kissing with the newly engaged rapper showing her ring on Instagram.

A photo posted by Nick Young (@swaggyp1) on Jun 2, 2015 at 12:30am PDT

"She said yes. It's over man. I'm getting married!" he gushed.

After the engagement was announced, E! News reported that Iggy Azalea and Nick Young got engaged in front of their family and friends. Young "completely surprised Iggy with the proposal."

"She was shocked and so excited and emotional at the same time," the insider allegedly told the site. "Nick has known for a long time Iggy was the one for him, but he was just waiting on the perfect time to pop the question."

The source added, "They both have gotten very close these past few months and he can't think of anyone else to spend his life with but her. One of the most important things about Iggy is the way she is to his son."

Demi Lovato also shared the news on her Instagram account, telling her followers that she "could not be happier" for her friend.

"Still can't believe I got to witness that last night.. So happy for you both... Love you so much lady," she wrote.

No exact date for the wedding has been announced yet. What do you think of Iggy Azalea and Nick Young finally getting engaged?

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