Don’t be fooled by the rock that she got, be awestruck by it! Jennifer Lopez and Alex Rodriguez‘s picture-perfect engagement news over the weekend had many fans drooling — especially because of the bling J. Lo was sporting on her ring finger.

“A-Rod went with a very classic emerald-cut diamond which accentuates Jennifer’s fingers with its elongated shape. The diamond looks to be around 15 carats and is colorless with the highest clarity,” Brandon Hill of Chicago’s Steve Quick Jeweler told Us Weekly. “It’s set in a simple but elegant solitaire mounting which will look beautiful with a wedding band next to it in the future.”

As for the engagement ring’s worth, the expert said it’s “estimated at around $1.4 million.” Good going, Alex!

The power couple — who have been dating for two years — shared their big news on Saturday, March 9 while on a romantic getaway. Both posted the same photo of Jennifer’s hand, decked out with the enormous sparkler, in Alex’s hand. “She said yes,” the 43-year-old former MLB player wrote. For her caption, the 49-year-old World of Dance host included eight heart emojis.

Alex and Jennifer haven’t been shy about blowing up Instagram with their love while on vacation the past few days. “Enjoying a little R&R with my [heart emoji],” A-Rod captioned an oh-so-sweet selfie. Elsewhere, J. Lo shared a sultry snap adorably referring to them as “#beachbums” and one that just celebrated the “downtime” they’re enjoying.

Jennifer Lopez and Alex Rodriguez
Getty Images

All signs have pointed to Alex popping the question as of late. After all, the lovebirds — who absolutely sparkled on the red carpet at the 2019 Oscars — recently bought a house together in Malibu. They’ve enlisted the help of Joanna Gaines to renovate it and, to be quite honest, we’re just as excited to see the end result of that as we are for the pair’s nuptials.

Now that they’ll be planning for their big day, pal Ellen DeGeneres hopes to take some of the stress away for Jennifer by selflessly volunteering to be her maid of honor for when she says “I do.” Though that may or may not happen, one thing is for certain: A-Rod and J. Lo’s wedding will be one for the history books.