Credit: Said Elatab/Splash News Photo: Olivia Palermo and Johannes Huebl Out in NYC on October 16, 2013

Olivia Palermo — model/socialite/fashionista and alum of Whitney Port's MTV reality show The City — is engaged to longtime boyfriend Johannes Huebl.

He announced it via the Instagram video below on New Year's Day, writing, "Happy New Year to everybody and this is how we celebrate it: OP said Y E S":



Not 100 percent sure we're into the musical choice, but love the ring. Congrats!

Olivia, 27, and Johannes have reportedly been dating since 2008. They were just photographed while vacationing in St. Barts, so that's probably where this proposal and ring flash went down.

Olivia and Johannes modeled together for Mango in 2010. She was a guest judge on Project Runway and Britain and Ireland's Next Top Model. On The City (which aired from 2008-2010), she worked in the PR department for Diane von Furstenberg and later for Elle.

According to his Facebook page, Johannes grew up in Hanover, Germany and studied Business Economics before seguing into modeling and photography.

Congratulations to the happy — and very stylish — couple!

Sources: Instagram, JustJared, Facebook, Daily Mail