Rumors have been swirling in the fashion world for months, but WWD.com is now reporting that Marc Jacobs is engaged to his ad executive boyfriend Lorenzo Martone. The couple has been dating for roughly a year and are allegedly going public with the news tomorrow when they arrive in Martone’s homeland of Brazil wearing rings. The couple is headed to Sao Paolo to celebrate the designer’s multi-brand store, which opened in January. The 45-year old designer has another reason to celebrate this week - he was just nominated for the CFDA womenswear designer of the year award.