Are Gigi Hadid & Zayn Malik Engaged?

After Gigi Hadid apparently turned down ex One Direction Heartthrob Zayn Malik's proposal at New Year citing that it was 'moving too fast'' has she had a change of heart and now accepted it?

Victoria's Secret Angel, Gigi 21, was spotted out and about in New York this week with a very simple band on her wedding finger sparking more rumours that the loved up famous couple have got engaged.

Gigi Hadid steps out in New York with 'engagement ring' [Credit: Daily Mail & Getty]

Wearing casual sports gear the hot-right-now Supermodel braved the winter chill in a trendy 90's style bomber jacket teamed with grey hoodie and the simple gold 'wedding band'

Could this be the start of a budding engagement love story or simply is Gigi luring us into a false sense of security and getting out hopes up?

Gigi steps out in New York with 'engageent ring' [Credit: Daily Mail & Getty]

We're sure that Real Housewives of Beverley Hills Star , and mum of Gigi, Yolanda Hadid would be more than happy to give this speculated news her blessing!

Whatever it is, we don't think she could go much wrong saying Yes to the ex 1D hunk - he's a bit of a catch and imagine how gorgeous their babies would be!

Gigi & Zayn looking loved up [Credit: Daily Mail & Getty]