Kate Hudson and Matt BellamyActress Kate Hudson flashed her engagement ring on 'Live With Regis and Kelly'. Last month, Hudson became engaged to Muse frontman Matt Bellamy, and she's got a stunning ring valued at $200,000 to prove it.

Kelly Ripa ogled Hudson's ring, a nine-carat sparkler with an emerald-cut diamond and two tapered baguettes. "That's a big, fat diamond!" Ripa said appreciatively.

Despite the engagement, Hudson said it's strange to think of Bellamy as her fiance.

"It's weird to say 'fiance' to me. I like 'baby-daddy.' He'll be 'baby-daddy' until he's 'hubby,'" she said, stroking her pregnant belly.