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Pippa Middleton Gets Engaged to Her Banker Boyfriend...How Much Was the Ring?

Move over Kate, it's Pippa's time to shine. 

It’s Pippa’s turn!

Pippa Middleton got engaged to her banker beau James Matthews, 40, with a huge diamond ring. 

"Miss Pippa Middleton and Mr. James Matthews are delighted to announce they became engaged on Sunday 17th July and plan to marry next year," the couple said in a statement released by the Press Association. James, 40, proposed to Middleton over the weekend in northwest England's Lake District.

Pippa’s older sister, Princess Kate/Duchess of Cambridge, and Prince William are have sent their love—through a spokesperson. 

The Duke and Duchess of Cambridge are absolutely delighted with the news,” said the rep. 

Kate and Pippa’s father, Michael Middleton, agave his own statement to the Press Association, saying, “Carole and I are absolutely thrilled with the news. They make a wonderful couple and we wish them every happiness together.”

Pippa, 32, was spotted wearing her huge new rock when she stepped out on Tuesday morning.

The ring is a 4 carat sparkler worth about $262,000 according to reports. 

In April 2011 Pippa became known to the world after she wore that dress which nearly upstaged her sister at the royal wedding. 

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