Iggy Azalea has got engaged to Nick Young.

The Los Angeles Lakers player proposed to the 'Fancy' hitmaker during his 30th birthday party on Monday evening (01.06.15), with the rapper later taking to Instagram to gush about how thrilled she is.

Captioning photos showing off her ring, she wrote, ''Happiest Day #Isaidyes (sic)'' and ''Love you @swaggyp1 (sic).''

The 24-year-old rapper - who started dating the sportsman in October 2013 - had previously wished her boyfriend a happy birthday on the photo sharing site, saying she would ''do anything'' for him.

She wrote: ''Happy 30th to my now old man nick! I'll save the really mushy stuff for inside your birthday card that way you can blackmail me with it later. For now it's just a simple: I looooove you, I'd do anything for you. Glad you exist etc etc. (sic)''

Following the engagement, it was revealed the star's glitzy engagement ring features an 8.15 carat centre stone, with 2.28 carats of white diamonds set onto 18 carat white gold, all contributing to the $500,000 price tag.

Jason Arasheben, CEO of jewellers Jason of Beverly Hills, said: ''Nick was very involved in designing the ring. We wanted it to be both a ring of Iggy's dreams and a ring that fit her personal style. It is always an honour when a client trusts me to help design a ring that symbolises one of the most important decisions of their life.''