Olivia Palermo and her smokin' hot boyfriend Johannes Huebl are engaged!

Huebl confirmed the news with an Instagram video on Wednesday and wrote, "Happy New Year to everybody and this is how we celebrate it: OP said Y E S."

Palermo and Huebl have been dating since 2008 after meeting through mutual friends. The duo are currently vacationing in St. Barth, so it seems as though Huebl popped the question there.

Check out the video below!