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Congrats are in order for Vampire Diaries actor Paul Wesley and model Natalie Kuckenburg as the two are engaged!

Kuckenburg shared an Instagram post on July 19 announcing the happy news and showing off her beautiful ring.

The diamond experts at the jewelry retailer Steven Stone took a closer look at Kuckenburg’s sparkler, noting why that type of band has been scrutinized and how much the sparkler costs.

Maxwell Stone told Showbiz Cheat Sheet: “Natalie’s engagement ring from Paul is a true statement of elegance and meaning. It features a breathtaking 5-carat oval-cut diamond, a shape often associated with longevity and eternal love — fitting for a couple stepping into forever together.

“Set in a classic and timeless solitaire design, the ring allows the diamond to take center stage, symbolizing the singular, unshakable bond they share. The stone is mounted on a delicate, slim band that adds a touch of refined sophistication, perfectly balancing simplicity with impact.”

Stone added: “Slim engagement ring bands have come under scrutiny recently, with Lauren Sánchez’s striking sparkler igniting debate over their durability and whether such delicate designs can truly stand the test of time. Given the exceptional size, quality, and sentiment behind [Kuckenburg’s] ring, I’d estimate its value at around $250,000.”

This will be Wesley’s third marriage. He was previously married to his Vampire Diaries co-star, Torrey DeVitto, and Ines de Ramon, who is currently dating Brad Pitt.

Related: Kelly Osbourne’s Engagement Ring From Slipknot’s Sid Wilson Is Bigger and Brighter Than Her Last One