Miranda Kerr is engaged to Snapchat CEO Evan Spiegel

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Miranda Kerr and Snapchat co-founder and CEO Evan Spiegel are engaged after one year of dating!

The supermodel and beauty guru, 33, confirmed the happy news on her Instagram account with a photograph of her pretty diamond ring and a couple of avatars getting engaged. She captioned the snap, "Of course I said yes."

I said yes!!! ❤️😍❤️😍❤️

A photo posted by Miranda (@mirandakerr) on

Rumors have been swirling for sometime that the 26-year-old tech CEO was ready to pop the question to his ladylove.

The duo first stepped out together in June 2015, and in May, they purchased a $12 million mansion in L.A.'s exclusive Brentwood neighborhood.

Sources say they pair will likely want an extravagant wedding. This is the first marriage for Spiegel and Kerr's second. She was previously married to actor Orlando Bloom and shares one son with him, Flynn Bloom.

It seems like Kerr and her man are a perfect match. In January she told Net-a-Porter, "He's 25, but acts like he's 50," she said. "He's not out partying. He goes to work in Venice. He comes home. We don't go out. We'd rather be at home and have dinner, go to bed early."

Congrats to the happy couple!

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Miranda Kerr and Evan Spiegel
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Miranda Kerr and Evan Spiegel
Miranda Kerr and her Snapchat CEO boyfriend, Evan Spiegel arrive at the state dinner in honor of President of Finland and the Prime Ministers of Norway, Sweden, Denmark and Iceland at the White House in Washington on May 13, 2016. / AFP / Olivier Douliery (Photo credit should read OLIVIER DOULIERY/AFP/Getty Images)
BEVERLY HILLS, CA - FEBRUARY 14: Miranda Kerr and Evan Spiegel arrives at the 2016 Pre-GRAMMY Gala And Salute to Industry Icons Honoring Irving Azoff at The Beverly Hilton Hotel on February 14, 2016 in Beverly Hills City. (Photo by Steve Granitz/WireImage)
BEVERLY HILLS, CA - FEBRUARY 14: Co-founder of Snapchat Evan Spiegel (L) and model Miranda Kerr attend the 2016 Pre-GRAMMY Gala and Salute to Industry Icons honoring Irving Azoff at The Beverly Hilton Hotel on February 14, 2016 in Beverly Hills, California. (Photo by Michael Kovac/WireImage)
LOS ANGELES, CA - MAY 03: (EXCLUSIVE COVERAGE) Co-founder and CEO of Snapchat Evan Spiegel and model Miranda Kerr attend the Berggruen Institute: 5 Year Anniversary Celebration at The Beverly Wilshire on May 3, 2016 in Los Angeles, California. (Photo by Vivien Killilea/Getty Images for Berggruen Institute)
LOS ANGELES, CA - FEBRUARY 15: Entrepreneur Evan Spiegel (L) and Model Miranda Kerr attend the Republic Records Grammy Celebration presented by Chromecast Audio at Hyde Sunset Kitchen & Cocktail on February 15, 2016 in Los Angeles, California. (Photo by Imeh Akpanudosen/Getty Images for Republic Records)
LOS ANGELES, CA - FEBRUARY 15: Entrepreneur Evan Spiegel and model Miranda Kerr attend Warner Music Group's annual Grammy celebration at Milk Studios Los Angeles on February 15, 2016 in Los Angeles, California. (Photo by JB Lacroix/WireImage)
LOS ANGELES, CA - AUGUST 12: Miranda Kerr and billionaire boyfriend Evan Spiegel are seen out and about leaving LAX on August 12, 2015 in Los Angeles, California. (Photo by HEV/BuzzFoto via Getty Images)
LOS ANGELES, CA - AUGUST 12: Miranda Kerr and billionaire boyfriend Evan Spiegel are seen out and about leaving LAX on August 12, 2015 in Los Angeles, California. (Photo by HEV/BuzzFoto via Getty Images)
BEVERLY HILLS, CA - FEBRUARY 14: Co-founder and CEO of Snapchat Evan Spiegel (L) and model Miranda Kerr attend the 2016 Pre-GRAMMY Gala and Salute to Industry Icons honoring Irving Azoff at The Beverly Hilton Hotel on February 14, 2016 in Beverly Hills, California. (Photo by Steve Granitz/WireImage)
Model Miranda Kerr and her boyfriend, Snapchat CEO Evan Spiegel, arrive for a state dinner for Nordic leaders at the White House in Washington, Friday, May 13, 2016. Nordic leaders are at the White house for a U.S.-Nordic Summit on security and economic issues followed by a State Dinner. (AP Photo/Andrew Harnik)
LOS ANGELES, CA - AUGUST 12: Miranda Kerr and Evan Spiegel are seen at LAX. on August 12, 2015 in Los Angeles, California. (Photo by GVK/Bauer-Griffin/GC Images)
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