The first look at Princess Beatrice's engagement ring is here - and it is absolutely gorgeous.

Buckingham Palace confirmed on Thursday that the 31-year-old had gotten engaged to her boyfriend, Edoardo Mapelli Mozzi, during a recent getaway in Italy. And following the happy news, fans of the royal family have now gotten the first look at he ring. The Duke of York shared two photos of the couple on his Instagram account, both of which were taken by Princess Eugenie. The first showed Princess Beatrice and Edoardo hugging, while the second was a close up of her ring - which is seriously stunning. The caption on the photo series confirmed that Beatrice's engagement ring was designed by the groom-to-be, in collaboration with the British jewellery designer Shaun Leane.⁣ Her spoke to Taylor & Hart creative Director, Jason D’Heureux about the style of Princess Beatrice's engagement ring, how much it cost and what not may mean for future engagement ring trends. Describing Beatrice's ring as a "bold and confident choice," Mr. D’Heureux said:

"Designed by Shaun Leane, the British jeweller is renowned for his edgy, punk-inspired design aesthetic. Princess Beatrice’s engagement ring is a bold and confident choice, combining the traditional round diamond with the edge of tapered baguette diamonds. "The band is set with pavé diamonds all the way around the band. The fusion of hard and soft elements is emblematic of Shaun Leane. Other royals like The Duchess of Sussex are patrons of his designs. "Like her grandmother, her aunt and cousin-in-law, Princess Beatrice has gone with an all-diamond engagement ring. The centre diamond looks to be around two carats and likely possesses very high colour and clarity. "Likely crafted in 18ct white gold, a favourite of the royals, I would estimate the value to be around £75,000."

Princess Beatrice's ring was designed by Edoardo and jewellery designer Shaun Leane - and, according to ⁣Mr. D’Heureux, the trend of customisation and collaborating on designs shows now sign of slowing down. He continued:

"As a bespoke jeweller, we love that customers are continuing to collaborate on crafting their dream engagement ring. The trend of customisation shows no signs of subsiding! "Both Princess Beatrice and The Duchess of Sussex have added delicate pavé diamonds to their bands which will inspire other prospective brides. "Princess Beatrice’s design speaks to her confidence and shows the world she embodies the strength characteristic of the women of Windsor."