Nicky Hilton is pregnant! The 32-year-old heiress and her husband James Rothschild are expecting their first child together.

"Nicky is very excited to become a mom," an insider told People. "She is feeling great! They've just been telling close friends and family. Nicky and James are over the moon!"

Rothschild, who is a banker, proposed to Hilton in August 2014 while the two were on a romantic anniversary trip in Italy, as HNGN previously reported. He got down on one knee while the two were out on a boat in the middle of Lake Como, and the whole experience was described as "incredibly romantic and beautiful."

The happy couple, who started dating in 2011, then married in July 2015 with a lavish wedding ceremony at the Kensington Palace in London.  Hilton wore a lavish and beautiful lace Valentino gown, which was reportedly worth $77,000.

"I knew in my mind that I really wanted to do something traditional, just classic, and white lace, and beautiful," she told HuffPost Live in September. "I worked closely with [the designers], and they created the most magnificent dress that I've ever worn and ever will wear."

Married life has been going great for the two and they couldn't be happier. "I highly recommend it," Hilton told E! News in October of being married. "If you find the right person, absolutely. It's so much fun."