Prince Harry and Meghan Markle are engaged.
Credit: Samir Hussein/Getty Images

Prince Harry and Meghan Markle announced their royal engagement to the world on Monday.

The beaming pair stepped out of Kensington Palace to share the news, both looking giddy in love, as Harry donned a sleek blue suit with slim black tie and Meghan wore a gorgeous and simple white tie-front coat. But of course it was the engagement ring that was attracting all the stares.

The ring Prince Harry gave to Meghan Markle.
Credit: Chris Jackson/Getty Images

According to the Daily Mail, Prince Harry himself commissioned the engagement ring, which he reportedly gave to Meghan earlier this month in London. The ring includes two smaller diamonds from Princess Diana’s own personal collection, as well as a center stone from Botswana. It was then all put together by Cleave and Company, Court Jewellers and personal medallists to the Queen.

The choice of center stone comes as no surprise as Botswana has always held special significance to Harry, who frequently visited the country as a child. This summer both Harry and Meghan also visited the country for a luxury vacation in celebration of her 36th birthday. As People reported, Harry has said that Africa is where he feels most like himself.

While no concrete details have emerged about the ring’s karat weight and size, David Allen of 77 Diamonds told the Daily mail that ring’s worth could start around £50,000 ($66,750). However, he added that because the ring used Diana’s diamonds it truly is a priceless item.

Prince Harry and Meghan Markle are engaged.
Credit: Samir Hussein/Getty Images

“With two round diamonds supporting what appears to be a 2.5ct cushion cut diamond, the stones are set in white gold with the main band of the ring in yellow gold,” Allen told Daily Mail. “A ring of this size and quality would start at around £50,000 but with the use of the late Princess Diana’s diamonds as side stones, this ring, like Kate’s before it is of inestimable worth.”

When asked by reporters how he proposed, Prince Harry replied coyly, “That will come later.” But when he was pressed on the matter and asked if it was romantic, both he and Meghan grinned and said, “Of course it was.”