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Liberty Ross, Jimmy Iovine

Matt Sayles/Invision for The Vladar Company/AP Images

UPDATE: Liberty Ross and Jimmy Iovine made their first post-engagement appearance at the premiere of Jeremy Scott: The People's Designer at the TCL Chinese Theatre in Hollywood Tuesday. Ross also debuted her stunning diamond engagement ring.

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Congratulations are in order for Liberty Ross!

The British model is engaged to music executive Jimmy Iovine, her rep confirmed to E! News.

The Hollywood pair was first linked in February 2013 after Ross filed for divorce from her husband Rupert Sanders. That marriage received front-page headlines when it was uncovered that Sanders was unfaithful to his wife.

In fact, the Hollywood director was caught in a fling with his Snow White and Huntsman lead actress Kristen Stewart back in July 2012. It's a scandal that Ross has ultimately been able to move past.

In addition to finalizing the divorce in July 2014, the model opened up to Harper's Bazaar about all the attention she received.

"People need to learn to forgive. I have no problem with anyone involved," she told the publication. "I'm completely compassionate, I really am. No life is perfect. We all have our problems and issues and I believe that it's good to be true to who you are."

She continued, "Rupert and I were together since we were very, very young. I was 18—essentially, I married my first boyfriend…We'd been together for so long, we weren't really evolving together as a couple so much."

And while the split and subsequent divorce was painful, Ross appeared optimistic during a 2013 interview with Vanity Fair.

"I think, for me, something always has to completely die for there to be a rebirth," she shared. "And, for me, I feel like I'm going through a rebirth."

Us Weekly was first to report the engagement.

(Originally published on Saturday, Sept. 5, 2015, at 5:23 p.m. PDT.)