Is This Miley Cyrus's Engagement Ring?

Miley Cyrus at Muhammad Ali's Celebrity Fight Night XVIII on March 24, 2012, in Phoenix, Arizona.
Photo: Getty Images

Miley Cyrus has been turning heads on red carpets lately with her fashion forward style sense and on-lock beauty game. Her step and repeat appearance at Muhammed Ali's Celebrity Fight Night this weekend made a little more waves than usual, and we're not just talking about her curly 'do. Pause a sec and follow us here, but ummmm, *EYEBROWS RAISE TO THE RAFTERS* is that an engagement ring on girl's left hand??

We know Miley and her studly boyfriend, Liam Hemsworth, have been dating for upwards of two years, but to hear that the young couple might be engaged to be married is still a little shocking. After all, that toothy Hannah Montana grin is a hard image to shake. That one-rock sparkler sitting conspicuous on Miley's ring finger, though, is also a hard maybe-signal to ignore. Billy Ray's babygirl and her beau haven't commented on whether the ring has any symbolic meaning, but reportedly sources say it isn't an engagement ring. We'll keep our eyes and ears peeled while the story develops, but for now, we imagine the Odd Future boys are nursing some broken hearts.

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