Nikki Reed Flashes Engagement Ring at MTV Movie Awards Red Carpet (PHOTOS)

P-Fac at MTV Movie Awards
Peter Facinelli attends the 2011 MTV Movie Awards.
Hot new couple Nikki Reed and Paul McDonald looked smitten with each other as they walked the red carpet at the 2011 MTV Movie Awards red carpet. And finally put to rest all those engagement rumors.

Nikki flashed her engagement ring, telling E! News: “He’s the one.” Congrats!

The American Idol contestant and Twilight star looked happier than ever. Nikki looked sultry in a skin-tight black dress, showing off her toned figure and sexy legs. Paul, wearing a suit, still kept it casual wearing a pair of sunglasses.

Up next, McDonald will be touring with the American Idol crew this summer. Reed will appear in the next Twilight movie, The Twilight Saga: Breaking Dawn, which hits theaters on Nov. 18.

Check out all the photos of Nikki and Paul in the gallery — and be sure to stay tuned to Celebuzz all night for more MTV Movie Awards coverage.