Princess Maria Laura of Belgium to marry British investment banker William Isvy in 2022 royal wedding

Princess Maria Laura of Belgium is engaged!

The granddaughter of King Albert II is set to marry her British investment banker fiancé William Isvy next year, after he proposed to the royal with a diamond and sapphire engagement ring.

In a statement to Instagram, the Belgian Royal Palace congratulated the happy couple and revealed the wedding is set to take in 2022.

READ MORE: The less-than-fairytale marriage of the 'other Princess Mary'

READ MORE: Prince Harry and Meghan Markle pay tribute to 'friend' Archbishop Desmond Tutu

"Princess Maria Laura and Mr William Isvy have become engaged. The wedding will take place in the second half of 2022," the palace shared in an announcement.

"Congratulations to the future bride and groom!"

Maria Laura, 33, who lives in London, wore a gorgeous black floral dress as she showed off her new ring in official photos released by the palace.

The newly-engaged royal is the daughter of Princess Astrid, King Albert's eldest daughter, and her husband Prince Lorenz.

Astrid is the younger sister of the current monarch, Phillippe of Belgium.

READ MORE: 'Large payout' for Meghan Markle expected after legal victory in tabloid privacy battle

Maria Laura is the granddaughter of Albert II of Belgium, who abdicated in 2013 due to health issues.

The princess' fiancé William was born in Paris to a British mother and a French-Moroccan father and grew up in London.

Maria Laura was raised away from the royal spotlight and grew up in Bazel, Switzerland where her father worked as a banker.

The couple met in London in 2015 and have lived there together for the last few years.