Iggy Azalea has got engaged.

The 24-year-old rapper has agreed to marry Nick Young - who she has been dating since October 2013 - after the Los Angeles Lakers player proposed at his 30th birthday party on Monday (01.06.15).

Video footage of the proposal has already surfaced online, and showed the sportsman get down on one knee to ask: ''Would you marry me?''

Iggy instantly said yes, as the guests at the party cheered.

Nick presented the 'Fancy' hitmaker with a $500,000 ring featuring a 8.15 carat Fancy Intense Yellow cushion cut centre stone with 2.28 carats of white diamonds set onto 18 carat white gold.

Jason Arasheben, CEO of jewellers Jason of Beverly Hills, said: ''Nick was very involved in designing the ring. We wanted it to be both a ring of Iggy's dreams and a ring that fit her personal style. It is always an honour when a client trusts me to help design a ring that symbolises one of the most important decisions of their life.''

The proposal came just a day after Nick said ''of course'' marriage was on the card for the couple at some point.

However, he added: ''But I can't give you that surprise. You're gonna ruin that surprise.''