After the many rumors surrounding their romance, the shocking news finally comes up. Beyonce Knowles reportedly is planning to marry boyfriend Jay-Z in November later this year.

The ceremony, said to worth of $3 million, will be 'the wedding to end all weddings,' so said Beyonce to a friend. "Beyonce feels like she's living a fairy tale so why shouldn't her wedding be equally magical?", the source continues.

On the wedding, it is said to be held on the Caribbean island of Anguilla with guests at the bash will dine on $300,000 worth of Beluga caviar as well as lobster and Italian truffles and will wash it down with $200 bottles of Dom Perignon.

Per the Star, which first brings the news to the surface, Beyonce's wedding dress will be modeled after Princess Diana's, and among the guests invited are Oprah Winfrey and U.N. head Kofi Annan.