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    Derek Jeter and Hannah Davis Not Engaged: Get the Scoop on Her Massive Ring

    Derek Jeter, Hannah Davis PacificCoastNews.com

    Bring on the bling!

    Derek Jeter and his girlfriend, Hannah Davis, stepped out Wednesday in New York City for a coffee run, and although the statuesque Sports Illustrated swimsuit model is always a fetching sight, this time it was a sparkly accessory of hers that stole the spotlight.

    Jeter's 23-year-old ladylove was seen sporting a diamond ring on that finger. And surely—faster than you can say "I do!"—rumors immediately swirled that the two may soon be heading down the aisle.

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    Of course, fans looking to see the 39-year-old Jeter finally settle down—over the years, the Yankee shortstop has been linked to a bevy of beauties including Mariah Carey and Minka Kelly—might have to wait a little longer: A source exclusively tells E! News that Jeter and Davis aren't tying the knot, and that her sparkler isn't an engagement ring.

    "Hannah is not engaged," our source says. "It's just a ring that she really likes."

    There you go: case closed.

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    In fact, this isn't even the first time that the blond beauty has been spotted rocking the sparkly rock.

    Two weeks ago, she flashed the same ring at the after-party for a screening of Lovelace in New York City. She later posted an Instagram photo from the party, as she wowed in a simple black-and-white-print skirt, black halter top and nude pumps.

    Clearly, the radiant gal doesn't need any kind of bling—engagement ring or not—to cast a blinding glow.

    —Reporting by Ruth O'Neill

    Hannah Davis Henry S. Dziekan III/WireImage

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