LATEST: Rod Stewart's socialite daughter Kimberly Stewart wasted no time in rushing her new fiance to a jeweller after he proposed to her - the couple asked Hollywood gem king Neil Lane to keep his store open a little longer on Wednesday (16NOV05).

Lane was getting ready to shut up his store for the evening when he received a phonecall from smitten Kimberly and her boyfriend of two months, TALAN TORRIERO.

According to Stewart family insider CHERYL WOODCOCK the couple were keen to announce the engagement news at a Hollywood party for the Xbox 360 videogame console - and Kimberly insisted on having a ring to show off to pals including Nicky Hilton.

Woodcock says, "Kimberly left with a five-carat, $300,000 ring."