Kate Middleton's sister Pippa is engaged; here's everything we know about hedge fund fiance James Matthews

The Royal Duchess’ younger sister Pippa Middleton has accepted the proposal of her boyfriend of a year James Matthews -- and everyone is just thrilled at the news, especially her family.

Prince William is also reportedly excited for the wedding as he sends his warm congratulations through a spokesperson for Kensington Palace. Michael, her proud father, told the news that he and his wife are absolutely thrilled and excited about the engagement.

He adds that “They would make a wonderful couple and we wish them every happiness together” says a report by Hello Magazine.

James Matthews, a hedge fund manager, got on one knee and popped the big question last Sunday while the couple was on vacation in the Cotswoods. Pippa could not contain her shock as seen in the large smile on her face. She then stepped out while proudly wearing her beautiful ring and allowed a crowd of photographers to take pictures. Reports say that the 32-year-old said that she “could not be happier” as her engagement came as an absolute surprise.

The lovely diamond ring was described in a report by Marie Claire UK , as explained by jewellery expert Deborah from the London Victorian Ring Company. It was detailed as having a central Asscher cut diamond, which gives the rings its distinctive look. It was developed in Amsterdam way back in 1902 and the precise lines and unique cut corners made the style popular for 1920s engagement rings. The ring weighs around 3.00 to 5.00 carats.

Pippa’s father Michael described his soon-to-be son-in-law as a traditionalist and that he wanted to do things properly. This is because James is said to have asked his future father in law for his daughter’s hand in marriage prior to asking the beautiful Middleton to spend forever with him.

Pippa and James first dated briefly in 2012 and found themselves again in each other’s arms just last year. The couple bonds through their shared love of outdoor activities which include skiing, swimming, running, and cycling and have been seen spending several occasions in different places together. James’ parents own the Eden Rock Hotel.