Credit: Getty Images; LaurenConrad.com

Now that you’ve had time to process the awesomeness that is Lauren Conrad’s engagement to beau William Tell, we’ve got some news about her absolutely stunning engagement ring. The former reality star star flashed us her new bling on her blog just yesterday, October 13, and we’ve got the scoop on all the details!

A jewelry expert tells Wetpaint Entertainment that the ring “looks like a 2.5 carat round, brilliant cut diamond bezel set in a simple and modern setting with a yellow gold band.” Not too shabby, huh?

And as for the price? “[The ring] retails for about $30,000,” the expert said.

We’re totes thrilled for LC and her fiancé — but probably not as much as the two of them are. “I am very excited to share with you guys that William and I got engaged over the weekend,” Lauren gushed on her blog. “I am beyond thrilled.”

Lauren, who used to star on Laguna Beach and The Hills and is now a bestselling author and fashion designer, and William, former guitar player in Something Corporate and current law student, have been living together in Westwood since May 2012.

As busy as these two are, looks like they’ll have to start planning their dream wedding. Congrats, you two!

What do you think about LC’s engagement ring? Hit the comments and let us know!

Reporting by Beth Sobol

Carson Blackwelder is an Assistant Editor at Wetpaint Entertainment. Follow him on Twitter and Google+!