Did Zendaya just soft launch an engagement wi Tom Holland at the 2025 Golden Globes? After the Challengers star appeared on the red carpet with what appeared to be a diamond ring on her left hand ring finger, fans began speculating about a possible engagement.

Zendaya, who was nominated for best performance by a female actor in a motion picture musical or comedy, attended the award ceremony in a dramatic custom burnt orange satin dress from Louis Vuitton and matching pointed-toe pumps. Of course, the look was styled by the 28-year-old actress’ longtime collaborator and image architect Law Roach.

The star accessorized with a glitzy choker necklace and stunning Bulgari jewelry. She chose a High Jewelry necklace in platinum with 1 oval paraiba tourmaline and over 48 carats of diamonds, a High Jewelry paraiba tourmaline ring and diamond stud earrings. However, fans were quick to call out one non-Bulgari piece worn by the actress — a ring on her left hand.

“Is that an engagement ring?!?” one user wrote in the comments of an Instagram video shared by PEOPLE.

“The ring 👀,” another commenter wrote on a different post.

The ring appears to be a large cushion cut diamond set east-west on a thin gold band. Representatives for Zendaya and Tom Holland did not immediately respond to PEOPLE’s request for comment.

Zendaya and Holland, 28, have been romantically linked since 2021 and worked together on 2017’s Spider-Man: Homecoming and 2021’s Spider-Man: No Way Home. Recently, Holland explained why the couple rarely walk red carpets together. The actor did not join Zendaya at the 2025 Golden Globes and last appeared on the carpet with her at the Los Angeles No Way Home premiere.

In a new interview Men’s Health for his January-February 2025 cover, the actor explained: “Because it’s not my moment, it’s her moment, and if we go together, it’s about us.”

Holland and Zendaya will also reportedly star in Christopher Nolan’s forthcoming movie, an adaptation of Homer’s The Odyssey set to release in 2026, also featuring performances from Anne Hathaway and Matt Damon, per multiple outlets.

“To be perfectly honest with you, I don’t know anything about it,” Holland said of the project on a recent episode of the Dish podcast. “I’m super excited. Everything is very, very hush-hush. I met with him, it was awesome. He kind of loosely pitched what it was and I’m sure when he’s ready he’ll announce what it is.”