SamboraBlog

Richards was spotted wearing a $100,000, 9.5-carat ring last night at the Fashion Rocks concert in New York City, which Sambora reportedly gave to her last Saturday.

A source tells Life & Style magazine, "They were on their way to the Staples Center (in Los Angeles) to see the fights. He got down on one knee in the back of the limo."

After the event, the couple celebrated their upcoming nuptials with close friends at the Palm Restaurant in West Hollywood.

The pair have reportedly shared the news with their families, but are reluctant to officially label themselves as "engaged."

Richards is in the process of divorcing Charlie Sheen, while Sambora is in the process of divorcing Heather Locklear.

The source adds, "Richie is a very traditional guy. He wants to wait until they are both officially divorced. Then they can make the engagement real.

"They are buddies, these two. They've spent the past few weeks really bonding and talking about their future together. They're going to make a great husband and wife."

Denise and Richie: Couple’s Rep Denies Engagement | Us Weekly Online

A rep for Denise Richards and Richie Sambora is denying a report that Sambora proposed to Richards on September 2. The story, published by Life & Style magazine, claims that Sambora asked for Richards' hand with a $100,000 9.5 carat ring that she's been wearing on her right hand. � "They were on their way to the Staples Center [in LA] to see the fights," an insider tells the magazine. "He got down on one knee in the back of the limo." The mag also reported that couple plan to wed in in Positano, Italy, in May 2007, a year after they vacationed there together. � The couple's rep released the following statement: "It is unfortunate that a false story has been printed about Denise Richards and Richie Sambora. The story that they are engaged is completely false and is hurtful to their children and their many fans."