Olivia Palermo Engaged to Johannes Huebl

Posted Wednesday January 1, 2014 3:52 PM GMT

Ready to share the exciting news, Olivia Palermo and her longtime boyfriend Johannes Huebl announced their engagement on Wednesday (December 31).

The German model took to his Instagram account and posted a video featuring former "The City" star showing off her engagement ring.

“Happy New Year to everybody and this is how we celebrated it: OP said YES,” Mr. Heubl captioned the video.

The couple were enjoying their vacation in St. Barts when Johanne popped the question. Check out the adorable video below!

Photo Credit: Getty Images, Instagram