All the gossip wasn't for nothing. Oh yes, Marc Jacobs is engaged. WWD spilled the beans today and Marc and Lorenzo are said to announce their exciting news today.

And if that doesn't make you all giddy inside, add to their exciting news that according to the New York Post, they have also purchased a $13 million, 4,500-square-foot townhouse in the West Village designed by Robert A.M. Stern. See photos here.

What can I say, in a time when the world is in a rather depressing state, this is good stuff.