It's official: Kate Upton is off the market!

The model-actress is engaged to longtime boyfriend Justin Verlander, E! News can exclusively confirm. The 23-year-old bride-to-be debuted her stunning engagement ring, designed by her fiancé, on the red carpet at the 2016 Met Gala

"I'm really excited, he asked me right before season started so we've been keeping it on the down low for quite a while," she told E! News exclusively. "So I'm excited to finally be able to share it with the world!"

Kate and Justin aren't in any huge rush to say "I do." For now, "we are enjoying the engagement period," she said.

Kate Upton, MET Gala 2016, Engagement Ring

Larry Busacca/Getty Images

Kate and Justin, 33, dated for over three years prior to their engagement. As Kate joked to E! News back in March, three years as a couple "seems like forever in Hollywood, right?"

So what's their secret? "For us, we always try and work on our communication," she said. "We're very open with one another and we're each others best friends. He's definitely my best friend, so I think that helps a lot."

Justin, a starting pitcher for the Detroit Tigers, told Forbes magazine he and Kate have a "normal relationship."

Kate Upton, Engagment Ring

Elder Ordonez/INFphoto.com

"Kate's there a lot for me," he said. "And we're just normal people. You know, a normal relationship—believe it or not."

The down-to-earth duo also have a lot in common, including their love of animals. "Justin is definitely an animal lover but he is definitely holding me back from my 10 dogs," Kate told E! News. "He is putting a three-dog limit on it."

Compromise is key! In any case, congratulations to the future Mr. and Mrs. Verlander! 

Watch E!'s Live From The Red Carpet 2016 Met Gala special starting at 7:30 p.m. ET/PT on Monday, May 2nd

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