Miley Cyrus and Liam Hemsworth are engaged

Yes, it's true. Liam Hemsworth, 22, proposed to Miley Cyrus, 19, on May 31 with a 3.5-carat diamond ring from jeweler Neil Lane. Miley broke the news to PEOPLE and said, "I'm so happy to be engaged and look forward to a life of happiness with Liam." The couple met back in 2009 while filming 'The Last Song.