This just in: Jewish fashion tycoon Michael Lewis, a South Africa native whose fortune is estimated at about $100 million, is engaged to Lady Kitty Spencer, the niece of the late Princess Diana of Wales. Reportedly, Lady Kitty is converting to Judaism. Lewis was married before in an Orthodox ceremony.

Friends of the couple said that Lady Kitty is taking religious instruction in preparation for the marriage. The two have been seen in London attending synagogue together.