Meet Pippa Middleton's Fiancé James Matthews

Princess Kate's younger sister announced her engagement Monday.

Just six months later, Matthews proposed, and Middleton accepted.

"Miss Pippa Middleton and Mr. James Matthews are delighted to announce they became engaged on Sunday 17th July and plan to marry next year," they said in a statement released to the Press Association.

Middleton, who was photographed beaming while wearing her new ring, seems to finally found her Prince Charming, and how.

The son of a mechanic who became very successful in the automobile industry, Matthews is CEO of Eden Rock Capital Management. Eton-educated like Princes William and Harry, he named his investment advisory firm after his family's St. Barts resort, the Eden Rock hotel.

His business has been quite successful, and some time ago, he moved into a $25 million townhouse in Chelsea that he now shares with Middleton and their two dogs. The home includes a home movie theater, a gym, staff quarters and an elevator. Before moving in with her beau, Middleton shared a flat with her brother James nearby in Chelsea -- the same home she once shared with Kate.

This past weekend, Matthews proposed with a rare stone. Various jewelers who have seen photos of the ring describe it as an Ascher-cut diamond in a octagon shaped cushion cut surrounded by smaller diamonds.

The couple is expected to wed next year.

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