Katy Perry & Orlando Bloom Engaged — See Her Diamond Ring!

On Valentine's Day, Bloom popped the question to Perry with a flower-shaped diamond ring, which has been valued at $5 million.

A jewelry expert shared with E! News, "Katy's unbelievable engagement ring from Orlando Bloom would retail in the range of $5 million. What looks to be a 4-carat fancy vivid pink oval shaped diamond arranged with eight white diamonds around it to assemble a flower 'in bloom' - this ring is truly one-of-a-kind and wildly valuable."

Perry showed off her sparkler on Instagram, writing, “full bloom.”

Orlando shared the same photo, writing, “Lifetimes.”

Katy's mom also shared a few photos from the engagement party on her Facebook, but later deleted them. She captioned, “Look who got engaged on Valentines Day!!”

Hours before he got down on one knee, Orlando shared a quote about love on Instagram. It read, “A shallow person will have only shallow relationships. Real love is not one person clinging to another , it can only be fostered between two strong people secure in their individuality. Antoine de Saint- Exupery, author of The Little Prince wrote in a work called Wind, Sand and Stars, 'Love is not two people gazing at each other, but two people looking ahead together in the same direction.”

Earlier in the day, Katy celebrated Valentine's Day by posting an Instagram of Orlando and her dog. She wrote, “Will u be my teenage dream.”

The engagement comes three years after they connected at a Golden Globes party. A source told People magazine, "They've been talking about getting engaged for a while. They made their relationship a priority and both of them literally flew all around the world to keep their relationship strong.”

Engagement rumors were already swirling in summer of 2016. At the time, a source told E! News, “They are in love and happier than ever. [Orlando] would like to get engaged to [Katy] before the year is up.”

Last year, Katy and Orlando made their red carpet debut at the Global Ocean Gala.