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8 Carats! $300K! Get All the Details on Simone Biles’ Massive Engagement Ring From Jonathan Owens

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Simone Biles has some blinding new bling! The 24-year-old gymnast announced her engagement to Jonathan Owens — and showed off her massive ring — on Tuesday, February 15.

The Olympian shared the happy news via Instagram. “THE EASIEST YES,” she captioned her post. “I can’t wait to spend forever & ever with you, you’re everything I dreamed of and more!

Let’s get married FIANCEE.” While there was plenty to obsess over in the adorable gallery (read: Owens getting down on one knee, Biles’ initial reaction and more), it was the last slide that has Us gasping.

The Dancing With the Stars alum shared a close up video of her new ring in all its sparkly glory. According to CEO of The Diamond Pro, Mike Fried, the oval-cut diamond is “at least 8 carats with an approximate value of $300,000.” He added: “This world-class ring features a pavé band of at least 35 smaller diamonds and her ring is made of either platinum of white gold.” The sheer size of the rock wasn’t lost on Biles’ 6.8 million Instagram followers, as many took to the comments section to fawn over the stunning sparkler. “Goodness that ring!

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