Miley had sparked rumours she was engaged after sporting a huge rock on her ring finger.
Liam Hemsworth and girlfriend Miley Cyrus had a reason to celebrate this weekend - but an engagement was not it.
The former ‘Hannah Montana’ star caused a stir earlier this week after tweeting a photo of the diamond ring but made no mention of it directly.
She wrote: "I am soooo obsessed with @jennahipp nail foundations! It looks so chic and classic!"
On Saturday, the 19-year-old stepped out with her Australian beau, 22, at Muhammad Ali's Celebrity Fight Night XIII event in Phoenix, Ariz., wearing a huge rock on her ring finger.
A source close to Miley confirms to Us Weekly that the sparkler is not an engagement ring and the couple are happily dating.
"The Hunger Games," star is rising to fame after his new film had the third-biggest opening ever this weekend, raking in an estimated $155 million which he landed the lead role in.
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