It's official! Miley Cyrus and Liam Hemsworth are ready to take their relationship to the next level. Read more about the happy couple's engagement decision.

She's made a musical carrer from a young age, grew up and started transforming herself into a beautiful teen in front of our eyes and now she's suddenly getting engaged. The rumors concerning Miley Cyrus's engagement with Hunger Games star were received with a lot of skepticism but it appears that the happy event actually happened.

Three years of dating seem to have been more than enough for Miley to take the plunge and say yes to her boyfriend's proposal. The happy news was confirmed by the star's reps exclusively for People magazine.

The star herself stated: "I'm so happy to be engaged and look forward to a life of happiness with Liam". Liam apparenly made the decisive step and proposed Miley on May 31.

Wondering about the jewelry of choice that symbolizes the strong connection along with all hopes and dreams the two will soon share? Well, the star will rock a fabulous 3.5-carat diamond ring from jeweler Neil Lane.

People Magazine covers all the juicy details concerning the major life changing event of the happy couple: a photo of the ring and what both of their families think about the engagement in the issue that hits the newsstands this Friday. Until then, all we can say is: congrats to the happy couple.

Photos via Getty Images