Margaret Qualley and Jack Antonoff are ENGAGED after debuting a ring at the Cannes Film Festival

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Margaret Qualley and her musician boyfriend Jack Antonoff are engaged to be married.A source revealed that the 27-year-old actress and the 38-year-old music producer have decided to take the next big step with their relationship to Peopleon Monday.So far, representatives for the couple haven't commented on the reported engagement.

Getting serious: Margaret Qualley, 27, and her musician boyfriend Jack Antonoff, 38, are engaged to be married, a source told People on Monday; seen March 13 in LAHowever, Margaret set rumors abuzz on Wednesday at the Cannes Film Festivalpremiere of her film Stars At Noon when she debuted what appeared to be a sizable diamond on her left ring finger.The film, which is directed by French film icon Claire Denis and based on the Denis Johnson novel of the same name, earned mostly positive reviews, though some critics claimed Margaret and costar Joe Alwyn lacked chemistry.

She also appeared in a short video for Chanel before the premiere, in which she prominently showed off the ring by resting her chin in her left hand.The actress — who is the daughter of fellow screen star Andie MacDowell — has been attached to Jack since the summer of 2021.They confirmed they were dating in August, when they were spotted kissing and embracing while strolling around New York City.

Sparkler: Margaret set rumors abuzz on Wednesday at the Cannes Film Festival premiere of her film Stars At Noon when she debuted what appeared to be a diamond on her left ring finger; seen Thursday Hint hint!She also appeared in a short video for Chanel before the premiere, in which she prominently showed off the ring by resting her chin in her left hand; seen WednesdayAlthough they didn't offer any clarity on their relationship status.