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Rapper Iggy Azalea is engaged to Lakers' Nick Young: See the ring

She's so engaged! Iggy Azalea is set to marry Lakers player Nick Young.

The Lakers guard/forward proposed to the "Fancy" emcee on Monday during his carnival-themed 30th birthday party.

Young, a.k.a. Swaggy P, got down on one knee and popped the question for all to see, and the Aussie rapper said yes, as seen in footage of the proposal.

"She said yes. It's over man. I'm getting married!" the NBA star wrote on Instagram.

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

A photo posted by Nick Young (@swaggyp1) on

The twosome has been linked since November 2013 after reportedly meeting via Twitter.

Azalea, real name Amethyst Amelia Kelly, shared several snapshots of her gargantuan rock on Instagram -- and a few of her new fiance too.

""Happiest Day #Isaidyes," the 24-year-old wrote, captioned a close-up of her ring.

Happiest Day #Isaidyes

A photo posted by Iggy Azalea (@thenewclassic) on

PHOTOS: Celebrity weddings and engagements of 2015

She also posted the same snapshot kissing her man (and showing off the ring), which she captioned: "Love you @swaggyp1"

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A photo posted by Iggy Azalea (@thenewclassic) on

The custom yellow diamond engagement ring is estimated at $500,000, Us Weekly said, and was codesigned by Young and Jason of Beverly Hills. The massive sparkler features an 8.15-carat fancy intense center stone circled by a white diamond halo, the mag said.

The engagement is welcome good news for the Grammy-nominated rapper. On Friday, she announced that she would be canceling her fall Great Escape arena tour in its entirety. The tour was supposed to launch in April, with a stop at Staples Center on April 21, before being moved to September.

"As u may know, the tour is cancelled. I'm so sad and sorry to let my fans down...we'll be back out on the road when the next album is done," she tweeted.

Follow me on Twitter @NardineSaad.

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