"It’s a one-of-a-kind Daniel Gibbings ring featuring a 12-carat ruby high-dome cabochon heart-shaped center, accented by two teardrop faceted tsavorites and rubies, set in 20 karat gold," continues the source. We're swooning just thinking about it.
“[Valentine's Day] was the first day Katy was spotted wearing the ring, as far as I know,” the source points out.
However, a proposal is not in the couple's immediate future.
“They aren’t engaged, and I wouldn’t anticipate to see them engaged anytime soon," says a second source.
Still, we had no idea what a romantic guy John was!