After Selena Gomez was spotted with a pretty gold ring on her left hand during her We Day speech and again at the 2014 Kids' Choice Awards, fans were curious as to whether it was from Justin Bieber or just another piece of jewelry, but we finally have the truth.

Even though engagement rumors quickly spread around, HollywoodLife spoke to a source close to Justin, who made it pretty clear the ring may have been from her on-again, off-again ex, but wedding bells won't be ringing just yet.

"They are not engaged nor are they getting engaged anytime soon. It was nothing more than a fashion choice," the source said. "The ring was a gift from Justin. It's not an engagement ring, but they are back on and very serious."

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