Katie Price engagement ring: Leandro Penna gives fiancee PINK heart-shaped diamond

Is that from a Christmas cracker Katie Price flashes PINK heart-shaped diamond engagement ring from Leandro Penna

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UPDATED:

09:26 GMT, 10 May 2012

She has never been described as modest.

And when it comes to Katie Price's latest engagement ring, it's no different, as the mother-of-three proved by flashing her giant pink heart-shaped diamond out at London's Aura nightclub last night.

The 33-year-old star had been attempting to cover up the diamond on her night out, pulling her black cardigan over her hand in a bid to keep the jewel hidden.

That's what you call a bling ring! Katie Price flashed her pink heart-shaped diamond ring as she left London's Aura nightclub last night

That's what you call a bling ring! Katie Price flashed her pink heart-shaped diamond ring as she left London's Aura nightclub last night

Not so modest: The ring is Katie's typical eye-catching style

Not so modest: The ring is Katie's typical eye-catching style

However, as she made her way into the
back of the car to head home after the evening out, Katie gave waiting
photographers a glimpse of the diamond.

And it didn't disappoint. The gaudy bauble looked like it had come straight out of a Christmas cracker – or from a Barbie accessories set.

Heart-shaped, pink and surrounded by smaller diamonds, it was nicely offset by her mint green manicure.

The debut of the ring comes after claims emerged in this week's heat magazine that the pink ring isn't Katie's actual engagement ring.

The magazine claimed: 'Jordan's spokesperson confirmed at the time that the two planned to marry, but here's the thing – we've learned that the ring in question wasn't actually Katie's, but was in fact borrowed from a friend.'

But Katie looked more than comfortable with her new accessory, whether borrowed or not, on her night out last night.

The glamour model opted for a Delicious Couture T-shirt emblazoned with the slogan 'Wild Thing', paired with a tiny pair of black hotpants and matching thigh-high boots as she headed out.

Katie teamed her outfit with a black alice band in her hair and a heart-shaped necklace.

Revealing: Katie wore a 'Wild Thing' vest top, tiny black hotpants and thigh-high boots for the evening out

Revealing: Katie wore a 'Wild Thing' vest top, tiny black hotpants and thigh-high boots for the evening out

Revealing: Katie wore a 'Wild Thing' vest top, tiny black hotpants and thigh-high boots for the evening out

No rush: Despite being engaged, Katie said she and Leandro are in no rush to walk down the aisle

No rush: Despite being engaged, Katie said she and Leandro are in no rush to walk down the aisle

Katie, who is divorced from Peter Andre and Alex Reid, confirmed the news that she is to wed her Argentinian toyboy last week.

After announcing the happy news, she wrote in her column in the Sunday Sun newspaper: 'Husband number three Will it last I'm
not surprised by people's reactions.

'I was watching a programme about
Liz Taylor recently and thought about how similar we are, falling in
love so fast and deep.'

There's a pattern here! Katie's huge ring from first husband Peter Andre (left) and second husband Alex Reid

There's a pattern here! Katie's huge ring from first husband Peter Andre (left) and second husband Alex Reid

There's a pattern here! Katie's huge ring from first husband Peter Andre (left) and second husband Alex Reid

However, Katie said she is in no rush to wed Leandro, adding: 'We haven't set a date yet
and, for now, I just feel like a lucky girl to have his engagement ring
on my finger.

'If life isn't for livin' and lovin', then what is it for And anyway – three is a lucky number.'