Leave it to Miley Cyrus to showcase one of Spring's biggest trends, while also sending tongues wagging about her personal life. Miley attended Muhammad Ali's Celebrity Fight Night in Phoenix, AZ, last night and successfully pulled off the lingerie-inspired trend in a frothy, peach-colored Jenny Packham gown. Not only did she look gorgeous and age-appropriate, but she also went easy on the accessories, opting for a few thin gold bangles and one stunning round diamond ring — which has people speculating that the singer may be newly engaged to boyfriend Liam Hemsworth. While we can't confirm that Miley is getting hitched, we can safely support her soft, sexy dress and take on the boudoir trend. Click through to see more up-close details on Miley's look now.
Editor update: Miley Cyrus confirmed engagement to Liam Hemsworth on June 6th, 2012