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Paris Hilton is engaged to the “love of her life” Chris Zylka and her massive engagement ring is reportedly valued at a whopping $2 million!

The ring was designed by celebrity jeweler Michael Greene and it includes 22 carats.

“Paris just called and told me how much she appreciates it. She says it’s her dream diamond,” Michael shared with E! News. “She said she never thought Chris would come up with something so perfect. She’s so happy and excited.”

“I had never met Chris before, but he reached out to me,” he added. “He came to see me in New York and said he had been thinking about this and wanting to do it. He wanted the ring to be perfect, exactly what she wanted. He had been asking around the family for tips and ideas.”

Paris Hilton and Chris Zylka are having the best New Year’s Eve ever!

The 36-year-old entrepreneur and socialite and the 32-year-old The Leftovers actor and model were spotted heading out for a late afternoon ski on New Year’s Eve (December 31) in Aspen, Colorado.

PHOTOS: Check out the latest pics of Paris Hilton

This year’s going to be a New Year’s Eve to remember for the both of them: Chris proposed to Paris while the two were out skiing together!

“So happy & excited to be engaged to the love of my life. My best friend & soulmate. Perfect for me in every way,” she wrote on Instagram along with a cute photo of the proposal.

Chris Zylka‘s proposal to Paris Hilton was all caught on video and she just shared the recording of their engagement for all her fans!

“I said Yas! �’�🏼�’�🏼�’��’� So happy & excited to be engaged to the love of my life. My best friend & soulmate. Perfect for me in every way. So dedicated, loyal, loving & kindhearted. I feel like the luckiest girl in the world! You are my dream come true! Thank you for showing me that fairytales do exist,” Paris said about the proposal.

Meanwhile, the ring is 20 carats and was designed by celeb jeweler Michael Greene, TMZ reports. Chris reached out to Michael over the summer to design the ring and he picked the ring up right before their trip to Aspen, where he popped the question! The ring is reportedly valued at about $2 million.

Watch below!

Paris Hilton is engaged to her boyfriend Chris Zylka!

Chris, 32, popped the question on a ski trip in Aspen, Colorado over the weekend!

“I am so excited to be engaged to the love of my life and my best friend,” the 36-year-old former reality star told People. “I have never felt so happy, safe and loved. He is perfect for me in every way and showed me that fairytales really do exist!”

Chris got down on one knee when they were taking photos after eating lunch.

“I was so excited and surprised! I immediately said yes!” Paris continued. “The ring was so gorgeous and sparkling. I was shaking as I put it on. It is the most beautiful ring that I have ever seen!”

The couple were first linked earlier this year, and Paris called Chris “the one” a few weeks later.

Congrats to the happy couple!

Paris Hilton and actor Chris Zylka have been dating for almost a year now and it sounds like they’re more in love than ever!

The 36-year-old personality posted a super sweet declaration of her love for Chris, 32, on Twitter this weekend.

“One day, someone will walk into your life & make you see why it never worked out with anyone else…” Paris wrote, adding the heart-eye emojis.

She later added, “Never in a million years did I think I would find someone so completely perfect for me. 😍Someone who would make me happier than I ever dreamed I could be. Someone that would touch my life so profoundly & give me a whole new reason to breathe.”

Paris and Chris were spotted hitting the slopes in Aspen earlier this week while celebrating the holidays in the winter town.

Paris Hilton and boyfriend Chris Zylka spend the day on the ski slopes on Wednesday (December 27) in Aspen, Colorado.

The 36-year-old DJ looked pretty in a pink ski suit while the 32-year-old actor rocked a gray camouflage jacket enjoyed some fun in the snow.

PHOTOS: Check out the latest pics of Paris Hilton

While there were skiing, Paris took to Instagram to share a couple shots of herself on the mountains.

“Beautiful day up on the mountain. 🐰🎿🗻 #Aspen,” Paris captioned the below photo of herself on the slopes.

Paris Hilton and boyfriend Chris Zylka are all bundled up while making their way through Heathrow Airport on Wednesday (December 20) in London, England.

The 36-year-old personality and the 32-year-old The Leftovers actor were seen with a ton of luggage while trying to check in for their flight.

PHOTOS: Check out the latest pics of Paris Hilton

According to the photographers, Paris and Chris almost weren’t able to check in as they showed up two minutes late, but they reportedly said they were rushing to New York to see her sister Nicky give birth. They got on the flight!