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After three years of dating and two beautiful children together, Nicole Richie and Joel Madden have finally gotten engaged.

During a taping of The Late Show with David Letterman tonight, Nicole revealed that Joel has finally popped the question, and the couple also confirmed the news to a fan at Abe and Arthur's in NYC earlier this evening when they spotted a sparkler on Nicole's left hand.

Of course, we weren't all that shocked by this news - just a few days ago we spotted Nicole and future brother-in-law/best man Benji starting the wedding planning at Monique Lhuillier. Looks like Nicole's eager to walk down the aisle!

Congrats!