The聽moment we鈥檝e all been waiting for finally arrived this morning, when the royal family announced that聽Prince Harry had proposed聽to his girlfriend of roughly one year, Meghan Markle. The only thing that聽excited us more than Clarence House鈥檚 official announcement was our first glimpse at the showstopping ring the royal chose for his bride-to-be, and with the couple stepping out for their first post-engagement appearance聽together at a photo call in Sunken Gardens (reportedly one of Princess Diana鈥檚 favorite spots), all eyes were on the shiny new sparkler.

Markle, 36, is now sporting an elegant three-stone聽ring with a yellow-gold band, which Prince Harry reportedly designed himself in advance of his proposal to the Suits actress, just as The Duke of Edinburgh did for Queen Elizabeth back in 1947,聽using diamonds from a tiara worn by his mother, Princess Alice of Greece.

People reports that the ring was crafted by British jewelers Cleave and Company (the jewelers to Prince Harry鈥檚 grandmother,聽Queen Elizabeth). The center stone is reportedly from Botswana, a country that the couple has visited together, and which holds special memories for Prince Harry, who visited the region as a child.

The聽adjacent聽two stones are reportedly from his late mother Princess Diana鈥檚 personal collection, following in the tradition of Prince Philip and, in a way, Prince William, who famously gifted聽the Duchess of Cambridge, Kate Middleton,聽with a 12-carat sapphire surrounded by 14 diamonds that once belonged to his mother.

Congrats again to the newly engaged couple!

What do you think of Meghan鈥檚 engagement ring? Tell us聽@BritandCo!

(Photos via Daniel Leal-Olivas + Chris Jackson/Getty)