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Heather Locklear Shows Off Dazzling Engagement Ring!

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That's some serious bling!

Heather Locklear showed off her impressive engagement sparkler! She and fiance Jack Wagner were all smiles as they held hands in L.A. Saturday night in L.A.

Related: PHOTOS: Celebs' blingy engagement rings

Earlier this month, the 49-year-old actress' rep confirmed to Us Weekly that she and her Melrose Place on-screen love interest were engaged.

The duo — who first famously romanced each other as Amanda and Peter on Melrose Place in the '90s — began dating in 2007. Previously, Locklear was married to Bon Jovi rocker Richie Sambora from 1994 to 2007. She was also wed to Motley Crue drummer Tommy Lee from 1986 to 1993. 

Related: VIDEO: Watch Heather's vampy return to Melrose Place

Wagner, 51, was married to Kristina Wagner, who played his love interest on General Hospital, until their split in 2006. He has two sons — Peter, 10, and Harrison, 7, — from that relationship. See more pictures of Heather's stunning engagement ring.

Related: PHOTOS: Stars and their soulmates

Locklear's daughter Ava Sambora, 13, will play a role in Judd Apatow's Knocked Up spinoff. Though the cameo role will be her first official acting job, it won't be her first time in the spotlight: in March 2010, she sauntered down the catwalk during the White Trash Beautiful show during L.A. Fashion Week.

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