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Young Hollywood’s favorite couple Miley Cyrus and Liam Hemsworth hit the red carpet in Century City, California last night!

STORY: Miley Gets Hype to Rihanna! 

The newly engaged couple stepped out for the 8th Annual Australians in Film Breakthrough Awards. Miley looked stunning in a black cutout mini dress and fierce to-die-for black pumps. Our favorite accessory for this particular look was the 3.5-carat diamond from jeweler Neil Lane on her left hand!

Meanwhile Australian hunk Liam looked handsome in a black suit with a white shirt underneath. This was the first time we’ve spotted the young couple on the red carpet since they announced their engagement and somehow, they look better than ever.

Impending marriage certainly suits these two!