It’s the news fans all around the world have been waiting to hear: Jennifer Lopez and Alex Rodriguez are engaged and getting married! The couple recently celebrated their two-year anniversary together and, in order to make their relationship official, the former New York Yankee got down on one knee to ask the World of Dance judge for her hand in marriage.

Both Jen, 49, and Alex, 43, took to Instagram on Saturday, March 9, to share the exciting news. “She said yes,” Alex captioned the pic of the brunette beauty’s hand laying in his as the stunning rock steals the show. According to founder Alastair Smith, Jen’s 15-carat emerald-cut diamond ring likely costs a whopping $1.4 million. The designer added that the ring is the “largest” she has ever received but, interestingly, is “unlikely to be the most expensive.”

Throughout the years, the Second Act star has accepted all kinds of different engagement rings from her four former fiancés — Ojani Noa, Cris Judd, Ben Affleck and Marc Anthony — three of whom turned into husbands (sorry, Ben).

Scroll through the gallery below to see how her engagement ring from Alex differs from the others she has had!