Mark-Paul Gosselaar Is Engaged
updated 08/10/2011 AT 07:30 PM EDT
•originally published 08/10/2011 AT 03:30 PM EDT
Gosselaar, 36, whose divorce from Lisa Ann Russell was finalized in May, proposed recently with a 5 carat cushion-cut diamond ring, custom designed by his friend, jeweler Neil Lane.
"He couldn't wait to propose," Lane tells PEOPLE. "He was so excited to have found the woman of his dreams."
The former star of Saved by the Bell and current star of Franklin & Bash has two children, son Michael, 7, and daughter Ava, 5, from his marriage to Russell.
No wedding date has been set.