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Hayden Panettiere's Engagement Ring: Finally, She's Showing It Off!

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Splash News Online; Inset: Pacific Coast News

Hayden Panettiere‘s boxer fianc√© Wladimir Klitschko may be the one with the fancy footwork, but it’s Panettiere who has been deftly sidestepping engagement rumors for the past few months — even wearing decoy rings to keep people guessing while refusing to confirm any rumors.

But Wednesday, she gave up the game, confirming on Live With Kelly & Michael that the two are getting hitched. “I think it speaks for itself,” Panettiere said of her ring when Kelly Ripa pressed her on it.

PHOTOS: See even more stunning star engagement rings here!

And boy, does it ever — it’s practically half the size of the petite actress! She showed off her new(ish) sparkler outside Good Morning America, allowing us to get a good glimpse. It appears to be an enormous emerald-cut diamond on a split-band platinum setting, which is otherwise unadorned.

It’s classic, elegant and totally envy-inducing. And we’re amazed she kept it under wraps for this long. What do you think of Panettieres’s big reveal?

–Alex Apatoff