Credit: Splash News

UPDATE: People has a photo of Whitney's ring, which features an "oval-shaped diamond in a four-prong setting, set on top of a slightly wide band which appears to be yellow gold and studded with diamonds itself."

Original story:

We watched as Whitney Port endured awkward first dates and heartbreaking relationships, but the former reality star has finally found the man of her dreams. According to OK! magazine, the 28-year-old fashion designer is engaged to her boyfriend of two years, Tim Rosenman!

The duo first met on the set of Whit’s NYC-based reality show, The City, where Tim served as an associate producer. Though the duo didn’t immediately start dating — Whit, at the time, was linked to Australian rocker Jay Lyon and Canadian TV personality Ben Nemtin — the two kept it touch after the show’s abrupt ending in 2010. “They always had crushes on each other,” a source reveals to Us Weekly.

The engagement came in early November when the couple paid a visit to Melbourne, Australia. Tim surprised his ladylove with a three-carat diamond rock on a stunning rose gold band. “It’s so crazy,” Whit tells OK! “I can’t stop looking at my finger!”

While the duo have yet to start planning for their upcoming nuptials, we definitely know of one person Whit can turn to for help — her former The Hills co-star and fellow bride-to-be, Lauren Conrad!

Now that we think about it, we’d have no problem watching a double wedding on MTV. Just a thought!

Jager Weatherby is a Photo Editor at Wetpaint Entertainment and our resident expert on all things fashion, Dawson's Creek, and Ian Somerhalder. Follow her on Twitter and Google+!