It's an 18-carat (!!!) cushion-cut yellow diamond encircled by pretty pink and yellow diamond flowers, and was designed by her fiance Pasquale Rotella with a little bit of help from celeb jeweler Alan Friedman.
"My fiancé designed it himself because I told him that’s what would make it most special."
The ring also has sweet little accents all over that mean something special to Holly and Pasquale. The 33-year-old explained:
"Because we love owls, there is a hidden owl engraved on the rose gold in between two of the flowers. The band is art nouveau-inspired, to go with the flowers. I couldn’t have asked for a more wonderful or magical proposal!"
It sounds positively ENCHANTING! Congrats, you two!
[Image via Holly Madison Instagram]