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Sandra Bullock kept her head down, her hood up and her sunglasses on in cold New York last night as her ex-husband Jesse James and his new fiancee continue to publicly gush over their engagement.

Yesterday Kat confirmed the happy news to X17online, where she showed off her massive 4-carat Neil Lane engagement ring.

Ironically, Sandra's engagement ring from James was also from Neil Lane. Let's hope (for Kat's sake) that the only thing James is repeating from his last marriage is his jeweler!

Sandra's in New York to begin work on a new film, Extremely Loud and Incredibly Close, where she's been spotted all over town in the company of a very handsome young man -- her one-year-old-son Louis.