Miley Cyrus made sure to flaunt her engagement ring last night as she walked the red carpet with fiancé Liam Hemsworth at the Australians in Film Awards & Benefit Dinner at the InterContinental Hotel in Century City, Calif. It was her first time on a red carpet since they shared their happy news. 

OK! GALLERY: MILEY CYRUS SHOWS OFF HER HOT ABS & HER ENGAGEMENT RING WHILE OUT IN L.A. 

Miley wowed in a black cut-out mini while Liam looked dapper in a unbuttoned crisp white shirt and black suit. No wonder these two couldn't keep their hands off of each other! 

OK! NEWS: NEWLY ENGAGED MILEY CYRUS LOUNGES BY THE POOL WITH A MYSTERY MAN! 

"I love being a "fiancée," Miley Tweeted last week. "Will I ever quit staring at my finger???" Probably not Miley, but we can't stop looking at that Neil Lane diamond, either!