James Allen News Center

This past weekend, Britney Spears’ longtime beau, Jason Trawick, proposed in Las Vegas with a stunning three-carat Neil Lane sparkler. Now, James Allen has the scoop on Britney Spears’ $200,000 engagement ring. 

“She’s his everyday princess,” celebrity jeweler Neil Lane, who designed engagement rings for Nicole Richie, Emily Blunt, and Bachlorette Ali Fedotowsky, told PEOPLE magazine.

“Jason is a romantic and when I asked him to tell me about Britney and what the ring would represent to them so I could find inspiration, his response was always the same — she is his princess!”

Keeping with the regal theme, Lane worked with Trawick to design the prefect ring for Spears. The jeweler created a tiara-style ring with a round shimmering white diamond set in platinum to look like a “mini crown.” He also covered the eternity band with 90 mini diamonds to give the ring an extra sparkle. 

"Jason didn’t want an over-the-top ring with a giant stone,” Lane added.

Lane and Trawick had been working for months on the ring’s design. They spent hours on the phone and sent hundreds of emails back and forth sharing sketches and ideas. “Texts came from all over the world, from Abu Dhabi, Mexico and I don’t know where else!” Lane explained.

When Trawick finally picked up Spears' ring from Lane’s Los Angeles store he was more than excited.

“Oh my god, he loved it,” Lane told PEOPLE. “The guy was so excited and nervous. At the end of the day, even with all the fame, he’s still a normal guy who was about to propose to the woman he loves.”

What did Lane have to say about the couple’s future? Do Spears and Trawick have a shot at a lasting marriage, despite the Hollywood pressure?

“He’s deeply in love with her. Britney is his princess and he is her knight in shining armor,” Lane said. “Jason’s protective of her. He adores her. Every good fairytale needs a princess, and now Britney has a ring fit for a princess!”

Looks like Spears might finally have her fairytale ending. With a stunning engagement ring on her finger, we certainly hope third time is a charm for Spears!