Angelina Jolie and Brad Pitt Are Engaged

Break out the champagne – Brad Pitt and Angelina Jolie are engaged – officially!

“Yes, it’s confirmed,” Pitt’s manager Cynthia Pett-Dante tells PEOPLE. “It is a promise for the future and their kids are very happy. There s no date set at this time.”

Jeweler Robert Procop designed Jolie’s engagement ring in collaboration with Pitt.

Jolie, 36, and Pitt, 48, have been together since 2005, and rumors that they planned to marry have circulated for years.

PHOTOS: Brad & Angelina’s Globe-trotting Family

The chatter intensified earlier this year when Pitt told CBS News that they were “getting a lot of pressure from the kids.”

The couple have six children together: Maddox, 10, Pax, 8, Zahara, 7, Shiloh, 5, and twins Knox and Viv, 3.

For much more on Brad and Angelina’s engagement, including wedding dress sketches from top bridal designers and an inside look at the couple’s relationship, pick up this week’s issue of PEOPLE