Zendaya stole the spotlight at the Golden Globe Awards, not only for her breathtaking saffron Louis Vuitton gown but also for the eye-catching ring she wore, sparking widespread speculation about her engagement to Tom Holland. Multiple reports now confirm that the couple is indeed engaged, with Tom reportedly seeking the approval of Zendaya’s father before making the proposal.

The ring, a 5.02-carat East-West Cushion Diamond Button Back Ring by Jessica McCormack, is said to be worth approximately $500,000, according to People Magazine.

Sources tell Just Jared that Tom popped the question during the holiday break, between Christmas and New Year's, at one of Zendaya's family homes in the U.S. The proposal was kept private, with Tom reportedly asking Zendaya’s father, Kazembe Ajamu Coleman, for his blessing several months earlier.

Fans have long rooted for Zendaya and Tom, who gained widespread attention for their roles in the Spider-Man movies. While neither the actress nor Tom has officially confirmed the engagement, multiple outlets, including TMZ and People Magazine, have reported that the couple shared the joyous news with close friends and family at the start of the New Year.