Donna Svennevik, ABC

The new view for comedienne Sherri Shepherd is a flash of blinding bling worth an estimated $70,000.

The co-host of ABC's chat fest "The View" returned from a holiday break this morning to show off a ring finger featuring a 3-carat princess-cut diamond-and-platinum engagement ring from her new fiancé, Los Angeles-based television writer Lamar Sally.

Moderator Whoopi Goldberg opened "The View" this morning with a shout-out to her beaming colleague, who was greeted with cheers by the studio audience and cast mates, including Barbara Walters, as she raised her hand and a screen behind the panel flashed a close-up of her shiny new Christmas gift.

The couple, dating for about a year, were engaged with the nonchalant blessing of Jeffrey, Shepherd's 5-year-old son from a previous marriage, who was apparently more impressed with his own gift from Sally: a game.

Shepherd described the on-bended-knee proposal that followed: "And he said to Jeffrey, 'Can I marry your mom?' And Jeffrey's like, 'Yeah, yeah, yeah, can I play with my game?' And he got on one knee and said, 'Mrs. Shepherd, would you be my wife?' And I said, 'Yeah.'"

Jewelry and style expert Michael O'Connor tells StyleList he's not surprised Shepherd was happy to show off the ring!
"The diamond cut is classic, but the pavé stones on the side make it modern and stylish," he says. "Since the diamonds were set in platinum, Sherri doesn't need to worry about them falling out."

O'Connor put the price of the ring at approximately $70,000.

Shepherd and Sally were introduced by mutual friend Niecy Nash, the comedienne, host and former "Dancing With the Stars" contestant.

Shepherd, who applauded and blew kisses at a picture shared with the audience of her with her fiancé, thanked her co-hosts, who had advised her to keep the relationship low-key in its early stages.

"I told you last year, I met somebody at a party. But over the year, we were dating quietly, because you guys were saying, 'Keep it quiet. Put some strength under your relationship.'"

Sally's writing credits include television shows such as "The Nanny" and "Rodney."

Co-host Elisabeth Hasselbeck said of the future groom, "He's a good man."

Shepherd did not announce a wedding date.

StyleList will add this to our list of weddings to watch for in 2011, including the upcoming nuptials of expectant Natalie Portman, LeAnn Rimes, Lauren Bush and, of course, Kate Middleton and Prince William.

Speaking of Middleton, read about the stir she recently caused when she attended a friend's wedding in a nontraditional color palette.