Are Miranda Kerr & Evan Spiegel Engaged?

Daily Mail exclusively reports supermodel Miranda Kerr and Snapchat founder Evan Spiegel are engaged after one year of dating!

A Snapchat spokesperson told the site, “They are extremely happy.”

Miranda confirmed the news on Instagram with a photo of her huge ring. Diamond expert Gerald David Bauman gave an estimate to "Extra" of how much he thinks the ring is worth... $1,350,000!

Miranda's ex-husband Orlando Bloom also approved of her 26-year-old beau, who has been introduced to their son Flynn, 5. She shared in January's issue of The Edit, “[Orlando and I decided] that we had to know the person for six months and feel good about them [before introducing them to Flynn]. Evan met Flynn, so yeah, things are going well. Orlando thinks he's great. We're just a modern family now!'”

Kerr, 33, gushed about Spiegel, who she's been dating since June 2015, "He's not out partying. He goes to work in Venice [Beach], he comes home. We don't go out. We'd rather be at home and have dinner, go to bed early. [But] in some ways he does [feel like a younger man]. I'm telling you, I've got the best of both worlds.”