News of Miley Cyrus‘ getting engaged to hunky actor Liam Hemsworth broke this morning (June 6) and now, images of the ring are spouting up online. That piece of jewelry? It’s quite the looker.

According to Hollywood Life, the 3.5-carat Neil Lane diamond set the actor back about $100,000, courtesy of an opinion provided by a diamond expert. It’s reportedly a cushion-cut stone, set in an “Art-Nouveau” gold band. What that means in layman’s terms is that Liam, who stars in the ‘Hunger Game’ franchise, has great taste and Miss Miley is sporting quite a gorgeous rock. You can see an image of the ring in the pic to the left.

Miley also tweeted about her engagement, saying she was happy to share her good news with her fans and that her dreams are coming true. Aw!

Now that we’re getting some info and looks at the ring, the next order of business? Imagine the dress. While they’ve not shared a wedding date, and likely have not even chosen one, we’re already thinking about who will design the dress for Miley on her big day!