"I don't know if he has actually got down on one knee with a ring yet but they are openly talking about marriage and it will either be later this year or possibly early in 2020."
"I know her parents are delighted and the Duchess is already thinking about her wedding day outfit!"
The couple went public in March.
The prince and her millionaire property developer opted for a red carpet debut.
They joined Kate Middleton at an elegant gala event at the National Portrait Gallery.
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Speculation began last November that Beatrice, 30, was dating the 34-year-old multi-millionaire property tycoon, who has a 2-year-old son from a previous relationship.
“Edoardo is a friend of Beatrice’s family,” a source previously told PEOPLE.
Despite rumors that they were introduced recently, they have known each other for years — and, friends say, they certainly didn’t need to go through a formal introduction to each other’s parents.
But we do know that Beatrice’s mum, Sarah Ferguson, follows Mapelli Mozzi on Instagram!