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Angelina Jolie Shows Off Her New Engagement Bling

Posted Monday April 16, 2012 9:09 PM GMT

A glowing Angelina Jolie was all smiles as she stepped out of the Roosevelt Hotel in Los Angeles this afternoon (April 16) showing of her new 16-carat diamond engagement ring.

The “Changeling” actress sported the same olive colored dress she was spotted in when entering the hotel looking very thin while she waved to cameras looking very thrilled about her engagement to mega-star and longtime beau, Brad Pitt.

Rumors are flying regarding the Jolie-Pitt wedding, which is being compared to the Royal engagement held in 2011. The largest betting company in Europe, Ireland’s Paddy Power, gave Versace 5-2 odds that the 36-year-old actress would choose the designer for her wedding dress.

"There is little doubt that the Brad and Angelina wedding will be the showbiz story of the year," a Paddy spokesman said in an interview with E!. "With both the media and the public already speculating on every element of the wedding, we thought it was only fair that we offered our customers the chance to bet on it."

Other hopefuls include Max Azria, Giorgio Armani, Elie Saab and British brand Amanda Wakeley.

Can’t wait to see who wins!

Enjoy the pictures of Angelina Jolie out in Los Angeles (April 16).