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17 February 2013, 10:12 | Updated: 17 February 2013, 10:18
The 'Teenage Dream' singer has been handed a £30,000 commitment ring by her singer boyfriend.
Katy Perry's rumoured new "engagement ring" from boyfriend John Mayer is now said to be just a commitment ring, putting to rest rumours the 'Part Of Me' singer had recently agreed to marry her pop star beau.
The 'Firework' star was widely rumoured to be engaged after she was spotted wearing a heart-shaped ring on Valentine's Day while out on a date with the 'Your Body Is A Wonderland' singer.
However, according to new reports, John instead bought Katy a £30,000 ruby commitment ring to celebrate the couple moving in together.
"He's trying so hard to prove that his bad behaviour towards women has changed now," a source told The Sun this week. "He saw the ring and thought it was a perfect gift for Valentine's Day.
"She loved it," the source explained. "There's no way she's ready to get married yet so a commitment ring is perfect."
Check out a picture of Katy Perry and John Mayer out for dinner earlier this week below (Credit: Splash):
The 'Wide Awake' singer has been dating US singer-songwriter John Mayer on and off for much of the past year, following her official divorce from Russell Brand in 2012.
Katy Perry is widely expected to return later on in the year with a new studio album, after being spotted back in the recording studio writing for her third record.