Penelope Cruz has been wearing a diamond surrounded sapphire ring and creating a flurry of engagement rumors. The sparkler has been photographed on her many times and each time the ring is on her left ring finger. She and her now rumored fiancé, Javier Bardem, fought of pregnancy rumors a few weeks ago and bashed them as being completely false.

Now media outlets like NY Daily insist she and Bardem are telling friends that they are planning on getting married. I will note that most sources are calling the ring “new” when in fact, it is not new. Photographs shown above and below show her wearing the ring as far back as July for the premiere of “Broken Embraces.” While it is possible this is her engagement ring, reports that she is flaunting a new diamond ring aren’t quite true.

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Images Via: wenn.com