STYLE
05/03/2016 10:13 EDT

Kate Upton Debuts Engagement Ring At 2016 Met Gala

The model shared some very exciting news at the 2016 Met Gala on Monday.

Sorry, gents: Kate Upton is officially off the market.

The 23-year-old model is engaged to her long-term boyfriend, Detroit Tigers pitcher Justin Verlander. She debuted her diamond engagement ring, which Verlander designed, while attending the 2016 Met Gala on Monday evening.

The diamond sparkler was a nice addition to the former Sports Illustrated Swimsuit cover girl's custom Topshop gown. The golden dress, paired with those retro waves, oozed Old Hollywood glamour.

Of the engagement, Upton told E! News, "I'm really excited, he asked me right before season started so we've been keeping it on the down low for quite a while. So I'm excited to finally be able to share it with the world!"

Kate Upton and Justin Verlander attend the Atlanta Hawks vs New York Knicks game at Madison Square Garden on Oct. 29, 2015.

However, the Vogue cover girl and her 33-year-old beau aren't in a rush to walk down the aisle.

"We are enjoying the engagement period," she told E!.

Congrats to the happy couple!

For more images from the 2016 Met Gala, check out the gallery below:

Photo gallery Met Gala 2016 See Gallery