Prince Harry & Meghan Markle are Engaged!

Instagram: @kensingtonroyal

UPDATE:
Prince Harry and Meghan Markle made their first photo op in the Sunken Garden at Kensington Palace.
The ring contains three stones. One from Botswana, where the couple vacationed and two are from his mother, Diana's, personal collection. *insert a long aww*

Daily Mail

Daily Mail

His Royal Highness Prince Harry and Ms. Meghan Markle are "thrilled and happy" to be engaged. Here they appear at a photocall at Kensington Palace Gardens this afternoon, on the day their engagement is announced.

A post shared by Kensington Palace (@kensingtonroyal) on Nov 27, 2017 at 8:24am PST

Wedding bells are in the future for Prince Harry and his girlfriend of over a year, Meghan Markle.
Clarence House, the official residence of the Prince of Wales and Duchess of Cornwall (aka Camilla Parker Bowles) announced the news.

The Prince of Wales is delighted to announce the engagement of Prince Harry to Ms. Meghan Markle. pic.twitter.com/zdaHR4mcY6

— Clarence House (@ClarenceHouse) November 27, 2017

The Prince proposed earlier this month and has informed the Queen and the rest of the royal family of the good news. Once they pair marry, they will be the Duke and Duchess of Sussex.
The wedding will take place in the Spring of 2018, around the same time Royal Baby #3 is due.
Later today, the couple will take their photos and also do an interview. Harry asked Markle's parents for permission, and they are, obviously, thrilled with the news. They released this statement:

Ms. Markle's parents, Mr. Thomas Markle and Doria Ragland have wished the couple 'a lifetime of happiness.' pic.twitter.com/H4kpTgpkYE

— Kensington Palace (@KensingtonRoyal) November 27, 2017

The Royal family is equally thrilled and made their happiness known via social media posts.

The Duke and Duchess of Cambridge said of the engagement:
'We are very excited for Harry and Meghan. It has been wonderful getting to
know Meghan and to see how happy she and Harry are together.'

— Kensington Palace (@KensingtonRoyal) November 27, 2017

The Queen and The Duke of Edinburgh are delighted for the couple and wish them every happiness. https://t.co/aAJ23uSbao

— The Royal Family (@RoyalFamily) November 27, 2017

Markle, a 36 year old American actress known for her role in Suits started dating the 33 year old Prince back in the Summer of 2016. It is believed they met in Toronto, where Markle was living for a time.
Interesting. Finding love. In Summer '16 in Toronto. Is there a Drake connection here?

Both William and Harry ended up settling down with commoners, is interesting to note. These aren't the Royals from their parent's or grandparent's time.
Markle is the first American to marry into the Royals since 1936, when Edward VIII gave up the throne to marry American divorce Wallis Simpson. She's also of mixed race, a divorce herself and is independently wealthy.
Cute Destiny's Child "Independent Woman".

Congratulations to the happy couple! I'm looking forward to staying up all night to watch this affair unfold.