A big, huge, well-dressed congrats to former 'The City' reality star Olivia Palermo and her BF Johannes Huebl. The pair got engaged over the holidays and shared the good news via an Instagram video posted on New Year's Day.

So make that congrats to Palermo and her fiance Johannes Huebl! He's upgraded from BF!

Dressed in a white peasant-like top, with her honey-hued hair falling in loose, beachy waves, the fashion plate showed off the ring while wearing a huge grin on her face in the video.

Clearly, she is a woman in love and happy to be making it official with her man.

The video was captioned: "Happy New Year to everybody and this is how we celebrate it: OP said Y E S." Our response? A-D-O-R-B-S.

Palermo and Huebl have been an item since 2008. Her fellow 'The City' star Whitney Port got engaged to Tim Rosenman last November. Meanwhile, the Queen Bee of the franchise and its spinoffs --that'd be Lauren Conrad -- announced her engagement to William Tell in October.

Now, without further adieu, watch the video below!