Jeter and Hannah not engaged despite diamond on her ring finger

When Derek Jeter and his girlfriend Hannah Davis stepped out of a Manhattan Starbucks Wednesday morning, it wasn't the Yankee shortstop's slight limp or the swimsuit model's runway strut that caught New Yorkers' eyes— it was the elegant diamond ring on her finger that got their attention.

The stunning 23-year-old Davis was seen sporting a very large diamond on her ring finger. And surely enough — faster than you can say back on the disabled list — rumors immediately swirled that the two may soon be tying the knot.

Fans looking to see the 39-year-old Jeter finally settle down— after a non-stop procession of celebrity girlfriends over the years— including Mariah Carey and Minka Kelly — might have to wait a little longer. 

Word is Jeter and Davis aren't walking down the aisle and, according to E! News, her sparkling accessory isn't an engagement ring after all.

"Hannah is not engaged," said the E! News source. "It's just a ring that she really likes."

In fact, this isn't even the first time that Davis has been spotted sporting the same piece of bling.

Two weeks ago, she flashed the same ring at the after-party for a screening of Lovelace in New York City. She later posted an Instagram photo from the party. 

Yankees Universe is in balance once again. One strain gone, one more to go.