It's official! Gabrielle Union and Dwayne Wade are engaged. On Saturday, the actress announced the news on Instagram with a photo of her engagement ring, along with the caption, "Sooooo this happened... #Yessss." According to TMZ, the ring is an 8.5 carat cushion cut diamond ring, made by jeweler Jason of Beverly Hills. The ring costs nearly $1 million. Dwayne has reportedly been looking for the perfect ring for Gabby for months and his jeweler made three trips to Miami looking for the perfect ring.