VIDEO: Paris Hilton and Benji Madden Engaged?

Paris has gone out with her new boyfriend Benji Madden and showed off her diamond ring with Benji`s initials.

Paris Hilton is on the covers again. The spoilt heiress appeared with a new ring on her finger, fuelling rumours of an engagement.

Paris was out at Las Vegas` LAX club with her new boyfriend Benji Madden and showed off her diamond ring.

Namely, the ring had the initials of her honey engraved on it, while he was wearing PH.

Paris and the Good Charlotte guitar player, twin brother of Nicole Richie`s bofriend, have only been an item for a few weeks. They are constantly seen out and sources close to the couple reveal that they cannot keep their hands off each other.

Watch the VIDEO.