Ashlee Simpson: 'Time Will Tell' About a Baby

04/18/2008 AT 10:00 AM EDT


A day after Ashlee Simpson gushed about the size of the rock she was given by fiancé Pete Wentz, the singer was flashing it on Friday's Today show.

"I feel like a really lucky lady," a bubbly Simpson, 23, told the program's Matt Lauer and Meredith Vieira, before she sang a song from her new CD (to be released Tuesday), Bittersweet World.

Asked if she has a wedding date in mind, Simpson said, "I don't. Right now we're just enjoying the engagement."

And, though a source close to the Simpson family confirmed to PEOPLE that the singer is expecting, she remained mum on the pregnancy buzz. "That's been going around for a year now," she replied. "Only time will tell with that."

After a beat, she added, "I am giving birth to my new record."

On Thursday, Simpson told Ryan Seacrest on his KISS-FM radio show that her ring is huge. "I stare at it. I'm like, 'Oh, my god, I can't believe this is on [my] hand!' "

After the commercial break on Today, in fact, Lauer apologized to viewers for not letting Simpson give them a better view of the ring on her finger.

Admiring the diamond, Vieira said, "So elegant. It's beautiful."

Like this story? Click on the Yahoo Buzz! button below to Buzz it up!
MORE ON: Ashlee Simpson

From Our Partners