Miley Cyrus Is Not Engaged

Hannah Montana star Miley Cyrus has been rumored to be engaged to boyfriend Liam Hemsworth after she was spotted with a diamond ring last Saturday at the Muhammad Ali's Celebrity Fight Night XIII.

A source close to Cyrus has denied the rumors and told that it is not an engagement ring.

On the other hand, Miley has been showing off her ring in the past few days even posting a picture of her "nails" in Twitter with the message, "I am soooo obsessed with @jennahipp nail foundations! It looks so chic and classic!"

Miley, 19 has reconciled with ex beau Liam, 22 less than a year after they have broken up on August 2010.

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