America Ferrera is engaged and shows off her huge diamond ring

At what cost does it take to pop the question?¬†Apparently, in America Ferrera‘s case, it costs an estimated amount of $70,000.

According to entertainment news source Us Magazine, the Ugly Betty star has more than one reason to shine as she celebrates her engagement to filmmaker Ryan Piers Williams. Ferrera was spotted wearing a 4-carat round-cut diamond in a platinum setting. She was spotted wearing the humongous rock as she walked along the red carpet of the Edinburg Film Festival for the “Illusionist of Scotland.”

The couple’s fairy tale romance began back when Ferrera was a student in the University of Southern Carolina. Williams had cast Ferrera to be in one of his student films.