Geri Halliwell Engaged to Yacht-Company Owner

01/27/2009 at 08:30 AM EST

Geri Halliwell Engaged to Yacht-Company Owner
Geri Halliwell
PA Photos/Landov
Spice Girl Geri Halliwell is engaged after a whirlwind romance, PEOPLE has confirmed.

The redheaded Ginger Spice, 36, is set to wed Italian yacht-company owner Fabrizio Politi, 34, who is said by one report to have given the singer a $310,000 diamond ring.

The couple have been dating since they met in Florence in December. The engagement took place over the holidays, confirmed her reps. No wedding date has been announced.

A statement released to PEOPLE Tuesday by Halliwell's management company 19 says, "We are delighted to announce the engagement of Geri Halliwell and Fabrizio Politi.

"As a token of their commitment to each other, Fabrizio presented Geri with an engagement ring over the Festive Season.

"There are no immediate plans for marriage as the couple are enjoying their engagement."

And how they have been enjoying themselves – taking a series of luxury trips to the Maldives, Tuscany and Paris.

Politi also has already shown he can be a hands-on partner – having been spotted carrying Halliwell's 2-year-old daughter, Bluebell Madonna, in a London street.

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