It's absolutely wild, but we're loving it SICK.
Reports came out yesterday, and while there wasn't any confirmation from either Ariana or Pete, she's now making it very obvious that it's true, by showing off the diamond ring.
The pair set off for Disneyland last night after the news broke, where you can see the sparkler on Ariana's ring finger... but she was actually wearng it during her Wango Tango performance on June 2nd as well.
TMZ reports that Pete paid $93,000 for the custom-made 3.03-karat rock, set in platinum. New York City jeweller Greg Yuna made the piece, which took two weeks to create.
Now that's true love.
And while the ring is the biggest indication that the reports are in fact true, it's also Ariana's Twitter activity.
Ari has been liking the SHIT out of fan tweets that are congratulating her on the recent engagement.
The kicker was when she replied to a fan who wrote, "I hope he knows he is maRRYING US AS WELL" with, "HAHAHAHAHAHH HES BEEN BRIEFED."