Angelina Jolie proudly flaunts her engagement ring in Bosnia. (Photo : Reuters)

Angelina Jolie flaunted her engagement ring publicly for the first time during the 18^th Sarajevo Film Festival in Bosnia on Saturday (July 7).  The 37-year-old award winning actress wore a $500,000 sparkler custom-designed by jeweler Robert Procop and her longtime partner Brad Pitt.

Jolie and her rock shined as she was presented with the Honorary Citizen of Sarajevo award. She was being honored for her directorial debut, "In Land of Blood and Honey", a romance set during the Bosnian War. The Academy-Award winning actress opened up to The Huffington Post, about the film's reactions received by Bosnian audiences. "The few weeks in Sarajevo was the most extraordinary, moving experience I've ever had," Jolie said.

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She has also observed the increase in community service among celebrities and young people.

"Young people are more engaged. Everybody has this responsibility. I tend to not sum it up to not if you have money, or if you have celebrity, but as no matter who you are. Certainly Brad [Pitt] and I have been fortunate enough to have success, be able to shine a light into the camera a little more, financially build something, support people or programs. We're very, very lucky."

Jolie and Pitt announced their engagement back in April. 

View more images of the engagement ring here.