Miley's engaged y'all! Liam Hemsworth popped the question back in June 2012 after dating Cyrus since 2009 when they met on the set of their movie, 'The Last Song.'

Miley confirmed the engagement on Twitter, simply saying, "life is beautiful." And man does Hemsworth have good taste. Cyrus' ring (designed by Neil Lane) is a 3.5 carat diamond set in a gold 'Art Nouveau' band, and it probably ran the actor close to $100,000.

There were rumors (started by Billy Ray Cyrus himself) circulating for a bit that Miley wanted to have three weddings. She went on 'Ellen' to set the record straight, saying, "My dad knows nothing. I don’t know what he is making up … I hate to put him on blast, but he doesn't know what he’s talking about." Sounds like Billy Ray Cyrus needs to nurse his achy breaky BURNS.

A "source" told Hollywood Life that Miley is hoping to wed some time in the summer of 2013, which sounds realistic to us. If this is the case, the pop star won't be able to drink at her own wedding (she doesn't turn 21 until Nov. 2013), but we bet there will be strippers.