Newly single Rachel Bilson was out and about today in Los Feliz in a super feminine take on western wear. Copy this look: all you need is a Levi’s Denim Jacket ($68), a white short-sleeved v-neck ($19), a chiffon floral mini skirt ($34), and these Deena & Ozzy black booties ($78).

Rumors have been swirling for weeks that the super stylish, stunning couple Rachel Bilson and Hayden Christensen have called it quits. This morning, Bilson’s rep confirmed it:“Yes, the engagement is off.” Christensen, 29, and Bilson, 28, met on the set of their film, “Jumper,” and announced their engagement in February 2009.

Rachel Bilson, in Louis Vuitton, with Louis Vuitton jewels, bag, and shoes at the Met Gala.

Rachel Bilson in a sexy cut-out dress by Preen from the Fall 2010 collection at the Gen Art Film Festival “Waiting for Forever” screening in New York. Check out Preen’s collection here.

Rachel Bilson heading into Opening Ceremony and Nicky Hilton leaving B & B italia designer furniture store.

Rachel Bilson shopping at Atwater Village Farmers’ Market with her mother, Janice Stango. Get your own patent leather t-strap flats like Rachel’s by clicking here!

The Art of Elysium Gala, held in Beverly Hills on Saturday night, celebrated the positive impact that art and creativity can have on children’s lives.  The Art of Elysium is a non-profit organization, founded in 1997 by Jennifer Howell, which encourages actors, artists and musicians to voluntarily dedicate their time and talent to children who are battling serious medical conditions. They provide artistic workshops in the following disciplines: acting, art, comedy, fashion, music, radio, songwriting and creative writing and work with numerous hospitals and hospices throughout Los Angeles, California and  in New York, New York. Artist Shepard Fairey (creator of “Obey Giant” and the force behind the Obama “Hope” poster) was this year’s visionary and created the imaginative visual and conceptual aspects of the themed gala entitled “Heaven.” The private after party featured musical tribute to the works of David Bowie, Iggy Pop and Lou Reed with special performances by Billy Idol and Steve Jones. Dj’s of the night included Elijah Wood, Steve Jones, Chris Holmes and Shepard Fairey.

Ashley Olsen in an Alexander Wang Fall Collection 2006.

Camilla Belle in a Valentino Spring 2010 dress.

Rachel Bilson in a Spring 2009 Chanel dress & YSL platforms.

Nicole Richie in an Etro Spring 2010 multi-coloured paisley printed long sleeve wrap dress.

Jaime King in a Burberry Prorsum Spring 2010 baby blue dress.

Katy Perry, shown here with fiance Russell Brand, in a a sexy white asymmetrical dress with a thigh-high split from Hussein Chalayan Spring 2010.

Jessica Alba in a a flirty red strapless mini Prada dress.

Rachel Bilson at the 9th Annual Awards Season Diamond Fashion Show Preview hosted by the Diamond Information Center and InStyle

Catch her guest appearance on “How I Met Your Mother”  January 11th!

[Image via WENN.]