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Iggy Azalea and Nick Young Are Engaged - Watch the Proposal!

And check out her ring!!

Liz Raftery

Iggy Azalea's boyfriend, NBA player Nick "Swaggy P" Young, celebrated his 30th birthday by popping the question - and she said yes!

The Los Angeles Lakers star got down on one knee at his birthday party in Los Angeles Monday night, presenting Azalea with what, according to the New York Daily News, is a $500,000 custom ring. Watch a video of the proposal here:

Young and Azalea, 24, have been dating since 2013. Young posted a picture on Instagram early Tuesday to share their happy news.

Azalea will have plenty of time to focus on planning their upcoming nuptials, as she recently had to scrap her "Great Escape Tour" because of a "creative change of heart."

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