Lovely
Part of speech: noun
Definition: An attractive, lovely person, especially a (professional) beauty. A lovely object
Part of speech: adjective
Definition: Inspiring actual love Evoking love-like, happy emotions by aesthetic or similar endearing qualities. Very nice, wonderful in a general sense. Loving, filled with love
Example sentence: Everything that is made beautiful and fair and lovely is made for the eye of one who sees.
Lovable
Part of speech: adjective
Definition: Inspiring love or affection.
Example sentence: You get Don King's point of view in what is almost a Shakespearean, classical technique. He comes across almost like a lovable rogue, like Iago in 'Othello' or Richard III. He's doing all these bad things, but I kind of like him. It's like 'Pulp Fiction': Everybody's a bad guy, yet you like them.