PIC: Rupert Sanders All Smiles, Flashes Wedding Ring in L.A.

Rupert Sanders in Los Angeles, California on August 23, 2012. Andra Viak/INFphoto.com

The ring is on!

With a big grin on his face, Rupert Sanders waved his wedding band at photographers when he stepped out in the Hollywood Hills area of Los Angeles on Thursday.

After the Snow White and the Huntsman director, 41, was caught having an affair with the film's star Kristen Stewart, 22, last month, his wife Liberty Ross, 33, has taken her wedding ring off. But Sanders, took a much different, most optimistic tack, holding up his left hand and proving that his ring is still firmly in place.

A source told Us Weekly on Thursday that "no decisions have been made" with regards to Sanders' 15-year relationship with his British model wife. "Nothing has been filed. It's still too early to tell what will happen," the source tells Us. "She is talking to and seeing Rupert now for the kids, but as far as the marriage she's still processing everything that happened."

Sanders shares daughter Skyla, 7, and son Tennyson, 5, with British model Ross, and gave a public apology to his family after Us Weekly's exclusive photos of his fling with Stewart emerged.

On Wednesday, Ross made her first red carpet appearance since her husband's affair, looking confident and sexy at the Hollywood premiere of Lawless, attending the bash with musician brother Atticus Ross. The source explains to Us, "She is very strong and working through it and keeping private about it."

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