Lauren Sánchezis showcasing her romance with hernow fiancé,Jeff Bezos.

A source tells PEOPLE that the recently engaged Emmy Award-winning journalist, 53, and Amazon founder, 59, have been all smiles while vacationing in the South of France.

“They have been in a great mood and are obviously enjoying their trip,” the source explained. “When they first arrived in Spain, Lauren especially seemed giddy with excitement as they toured the yacht. Lauren keeps enjoying the tanning deck. They stopped for lunch in Ibiza mid-week before continuing on to France, where they spent the weekend.”

The source tells PEOPLE how the pair “are usually hand-in-hand,” and “look very happy.”

BACKGRID

Newly Engaged Jeff Bezos and Lauren Sanchez are seen heading back to their 500M yacht in Cannes.

“Her engagement ringis beyond stunning. And huge! She keeps playing with it and looking at it,” they continued. “You can tell she loves it.”

The source also revealed how the couple has been cruising the Mediterranean onboard his superyacht, Koru, which features awooden sculpture made in the likeness of Sánchez.

Newly Engaged Jeff Bezos and Lauren Sanchez are seen heading back to their 500M yacht in Cannes.

The couple’s weekend was jam-packed with activities that includedattending the premiereof Apple Original Films’Killers of the Flower Moonat theCannes Film Festival. They were also spotted enjoying aromantic walk together.

“He proposed last week,” a source close to the couple told PEOPLE. “They’re on cloud nine — so happy and madly in love.”

The newly engaged couplemade their relationship publicin January 2019 after Bezos announced hisdivorce from MacKenzie Scott after 25 years of marriageand four children together.

At the time, the formerGood Day LAco-host was also divorcing her husband of 13 years,Patrick Whitesell. Sánchez has two children with the agent and a son from a previous relationship with former NFL starTony Gonzalez.

RELATED VIDEO: Jeff Bezos and Lauren Sánchez Soak Up the Sun During Outing on Rumored $500M Yacht

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Early in their relationship, a source also shared with PEOPLE that the pair formed a close relationship through their philanthropic efforts.

source: people.com