Ashlee Simpson can't stop staring at her new engagement ring.

The 'Little Miss Obsessive' singer - who recently got engaged to Fall Out
Boy rocker Pete Wentz - loves her diamond sparkler so much she can't stop
looking at it.

She said: "It is huge! I stare at it. I'm like, 'Oh, my god, I can't believe
this is on my hand!"

Ashlee refused to reveal specific details of how Pete popped the question.

She added: "I'm keeping that part sacred. But I will tell you it was very
thoughtful and he did a great job."

And of Pete's choice of ring, she said: "He out did himself - I'm like 'wow!'" But Ashlee refused to deny she as pregnant. "That's been going around for a year now," she said of the pregnancy rumors. "Only time will tell with that."

Does she mean when she'll actually be showing?

The 23-year-old singer - who again refused to comment on rumors she is
expecting her first child with Wentz - laughed when radio show host Ryan
Seacrest asked her whether she drank alcohol while she was in New York this
week, playfully replying: "Who knows. Maybe!"

Meanwhile, Ashlee's father Joe is said to be already attempting to sell
pictures of Ashlee and Pete's unborn baby - for a staggering $1 million.

A source close to the Simpson family told the New York Post newspaper: "Joe
is contacting all the weeklies and asking them to pay up to $1 million to
put Ashlee on the cover.

"The deal would include photos of Ashlee - taken by Joe, of course, so he
can make more money - an interview and photos of the baby when she has it."

However, magazine editors say Joe is being "unrealistic" with the amount he
expects to receive for the exclusive shots.

One editor said: "The pictures will maybe fetch $60,000 maybe, but
definitely not a million. Joe has an unrealistic expectation of what Ashlee
can command."

Beetlejuice called ... he wants his pants back.