Priyanka Chopra recently gave the world the first look at her gorgeous engagement ring from fiancé Nick Jonas, with a selfie with Bollywood actress Raveena Tandon on Instagram. According to a diamond expert, the sparkler cost Nick a pretty penny.

"Priyanka's ring is a high quality cushion cut weighing around 4 carats," WP Diamonds president Andrew Brown told E! News.

Nick apparently put a lot of thought into the bling. He shut down a Tiffany & Co. store in London last month to shop for the perfect ring in privacy, according to E!.

The couple is also said to be throwing an engagement party in Mumbai this weekend. A source told DNA India, “Priyanka has sent out messages to close friends and family members to set aside time on August 18 for a party. It’s exactly a month after her birthday and those close to the Quantico actress feel that she may make an official announcement about her relationship status at the bash. However, the venue of the do has been kept under wraps.”

Last week, Priyanka appeared to flash her ring at Indira Gandhi International Airport in New Delhi. Before she exited the airport and faced a crowd of paparazzi, the actress took off her ring and put it into her pocket. A video of the scene shows her pausing to subtly remove the piece of jewelry before walking outside.

Us Weekly reported that at an event to launch Jonas' new fragrance with John Varvatos, a partygoer congratulated him on his engagement. According to guests, Jonas replied, "Thanks, man."

Buzz of Priyanka and Nick’s relationship first started after they attended the 2017 Met Gala together and walked the red carpet wearing Ralph Lauren.

However romance rumors bubbled up again in May this year. Weeks later, Nick made it Instagram official, writing "Her 😍" on a candid video of Priyanka.

Since then, the couple has been on numerous double dates with Nick's brothers and their significant others. Priyanka has also been spotted dancing and singing in the audience during Nick's performances.