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Pippa Middleton shows off $500k engagement ring

And it's stunning!

The recently engaged Royal Hotness aka Pippa Middleton has flashed her engagement ring for the first time… and it’s stunning!

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She stepped out in London in front of photographers yesterday grinning from ear to ear – and wearing white too! Seems she’s already getting into the spirit.

The 32-year-old’s new fiancé, James Matthews, reportedly got down on one knee during a weekend getaway to Lake District.

He clearly chose well with the ring – it’s a decadent vintage jewel with a halo of diamonds around one big diamond. Beautiful!

The couple began dating in 2012 but soon broke up. She then got into a three-year relationship with banker Nico Jackson which ended last year. Middleton was rumoured to have rekindled her relationship with James in September.

Middleton and Matthews are said to be planning to wed in a lavish ceremony in the UK next year, and as she was Kate’s bridesmaid, we’re sure she’ll return the favour for her big sister.

We can’t wait for the wedding!

VIDEO: Pippa Middleton is engaged!

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