Zac Efron and Vanessa Hudgens Engaged? Nope!

He just bought her another gift. Geez!

Today, the net is buzzing with engagement rumors because Efron bought Hudgens reportedly a diamond ring, while some sites are reporting it’s not even diamonds, it’s only a $325 silver ring.

We can see the trend developing in the press; everytime he allegedly buys her a simple gift, everyone scrambles to scream engagement.

Now Magazine is reporting: “Teen heartthrob Zac Efron has given his girlfriend Vanessa Hudgens a diamond ring. The High School Musical star, 20, splashed out on the heart-shaped sparkler, designed by Paloma Picasso, to prove how committed he is to their relationship.

” ‘It’s adorable and age-appropriate for Vanessa,’ a friend tells In Touch Weekly. ‘It’s from him, so she loves it.’ “

Yet, no such story appears on In Touch’s website as of today.