Princess Beatrice, 31, the oldest daughter of Prince Andrew and Sarah Ferguson, is engaged to 34-year-old Edoardo Mapelli Mozzi, Britain's royal family announced Thursday.
Beatrice and her family, including younger sister Eugenie, 29, took to social media to share the happy news.
"We are both so excited to be embarking on this life adventure together," the pair said in a statement released by Buckingham Palace and shared by Beatrice on Twitter. "We share so many similar interests and values, and we know that this will stand us in great stead for the years ahead, full of love and happiness."
Eugenie noted in her Instagram post that she took the photos the couple used to announce their engagement, writing, "Beabea - wow! I'm so happy for you my dearest big sissy and dear Edo. It's been a long time coming and you two are meant to be."
Beatrice, ninth in line to the British throne, and Mozzi, described by the BBC as a "property tycoon," got engaged in Italy earlier this month. They plan to wed next year, according to Buckingham Palace.
It will be the second wedding in as many years for the daughters of Andrew and Sarah, the Duke and Duchess of York.
Princess Eugenie, 10th in line to the throne, wed Jack Brooksbank last October at a high-profile wedding that took place at St. George's Chapel at Windsor Castle, the same chapel where Prince Harry and Meghan wed in May 2018.
The wedding was attended by the British royal family, including Eugenie and Beatrice's cousins Prince Harry and Prince William, as well as celebrities including Demi Moore, Naomi Campbell and Kate Moss.
Beatrice's wedding will be a happy time for the family, including Prince Andrew, who has been under the spotlight because of his alleged ties to Jeffrey Epstein. Andrew walked Eugenie down the aisle at her wedding.
Buckingham Palace said Thursday of Beatrice and Mozzi's upcoming wedding, "Further details will be announced in due course."