Word has it, Hilary Duff is sporting a $1 MIL engagement ring.

A source tells E! News that 's her NHL-playing fiancé, Mike Comrie, of the Edmonton Oilers, bought the 14-karat princess-cut sparkler in Las Vegas.

After two years of dating, Comrie popped the question while he and Duff were on a recent vacation in Hawaii.

ALSO: the source says the couple is close to buying a $10 million home in Beverly Hills.