Look at that rock!

David Arquette's new fiance Christina McLarty showed off her stunning engagement ring for the first time at Aspen Peak Magazine's 10th Anniversary with Woody Creek Distillers at Bootsy Bellows in Aspen, Colorado on Sunday.

The 42-year-old actor proposed to the brunette beauty on Thursday night during a family dinner in Malibu with their 2-month-old son, Charlie West, and Arquette's daughter, Coco.

The happy news comes just a week after Arquette's ex-wife, Courteney Cox, announced that she was engaged – to boyfriend Johnny McDaid

The "Scream" star "wanted his family to be with him when he did it," a source told People

"David was just waiting for the right time," another source revealed to Us Weekly. "He and Courteney both talked about taking the next step in their relationships … They both want what's best for each other."

The couple has been dating on and off since 2011, briefly splitting in 2012.

Arquette and Cox split in 2010, after nearly 11 years of marriage. Prior to meeting her future hubby, McLarty was in a domestic partnership with Girls Gone Wild founder Joe Francis.


Click "Launch Gallery" above to see more celebrity wedding and engagement bling.

Hot Videos