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William And Kate Formally Announce Engagement, and Show Off The RING! [Photos]

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I told you earlier today that Prince William and his long time girlfriend, Kate Middleton. Now, Will and Kate have made it public making a formal announcement at St. James’s Palace on November 16, 2010 in London, England.

RELATED Prince William and Kate Middleton Announce Engagement! -BusyBee

The cutey cute couple posed for photos, and showed off the ring. The beautiful ring is an oval sapphire surrounded by diamonds was the ring Prince Charles gave Princess Diana, before she was a princess of course.

“It’s very special to me. As Kate’s very special to me now, it was right to put the two together,” William said as the newly-engaged couple faced the cameras for the first time today. [People]

I just hope the ring brings these two better luck than it did Di.

How happy does Kate look? And I LOVE how her dress matches the ring!

Images via Barcroft/Fame Pictures