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Happy news: The Bachelor’s Anna Heinrich and Tim Robards are engaged!

And the ring is a stunner.
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Praise the reality TV matchmaking gods, because Anna Heinrich and Tim Robards just shared some very happy news on Instagram.

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You guessed it – they’re engaged!

Anna shared a snap of her stunning square-shaped, diamond-encrusted engagement ring on Instagram from a picture perfect holiday backdrop, and Tim posted an equally gorgeous pic within seconds.

“I would estimate the starting price for the ring to be up to as much as $70,000 due to its lovely quality,” gemmologist and jeweller Matthew Ely said about the ring Tim chose for Anna.

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“I would say the diamond is approximately 2.5 carats. This design offers a very simple and modern look, allowing for the diamond to be shown as the main feature with little distraction being drawn away from the finer details,” says Ely of the sparkler.

Anna and Tim found love on The Bachelor Australia in 2013, and naturally will-they-or-won’t-they speculation has followed their relationship ever since.

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In February rumours were rife that Tim was about to put a ring on it after they were ‘spotted’ checking out wedding locations.

Tim also hinted at an impending proposal during an appearance on the Kyle & Jackie O Show on KIIS in December.

“I know where I’d probably go to get [the ring] … I know what she likes,” he said. “I need to steal one of her other ones to find out the size.”

“’It’s three years on, so probably getting around that time.”

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This has been a great month for happy The Bachelor news after Sam Wood and Snezana Markoski also confirmed they were expecting their first child together.

“Having little baby takes the front seat to the wedding,” Snez told NW. “A wedding can happen whenever!”

“It’ll be great when it happens but it’s not something I’m devastated about, because this is bigger and better – and it’ll be great to have both our little girls there!”

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Sam, 37, proposed to Snez with one helluva sparkler back in December 2015 during a romantic holiday in Tasmania.

And the couple had only recently been scouting wedding locations in Europe when they were surprised with the baby news.

“If Snez didn’t get pregnant, we were going to have [the wedding] later this year, but obviously [the baby] is our priority now. This is what it’s all about,” Sam added to NW.

WATCH: Sam and Snez’s cutest moments!

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