Though there’s been much excitement, neither Olivia nor Louis has confirmed an engagement. Jewelry specialist Anya Walsh examined the ring, estimating its size to be between 3.5 and 4 carats with an elongated emerald or radiant cut, and placing its value between $55,000 and $70,000. Yet, without an official announcement, it appears to be another instance of fans over-interpreting a fashion choice.

The timeline of their relationship also indicates they may not be hurriedly heading towards marriage. The pair was first connected in late 2023 after sightings in London. Since then, they’ve appeared in public several times, including a notable PDA moment at Wimbledon 2025. Louis has openly expressed his admiration for Olivia, describing her Glastonbury performance as “truly special” on Instagram.

When asked if Olivia’s song “So American” was about him, Louis playfully deflected, saying,

“Not my song, not my place. So I wouldn’t know”

Still, Olivia’s lyrics “Oh God, I’m gonna marry him If he keeps this s**t up”—have only fueled the engagement chatter.

For the moment, it appears that the ring is simply a beloved accessory—not indicative of an upcoming wedding. However, with Olivia and Louis thriving, fans will likely continue to watch that finger closely for any developments.