Ashlee Simpson Wearing Engagement Ring

Ashlee Simpson has been spotted wearing a ring on her left ring finger.  Could this mean she and Pete Wentz are engaged?  Also in these recent pictures from South Beach Ashlee is clenching her fist, perhaps she has a diamond ring turned around and she’s trying to conceal it?  I know when I’m in scary neighborhoods I tend to turn my diamond around like that to hide it.  Only time will tell if they’re really engaged.

Via Celeb Utopia Tags: ashlee simpson, pete wentz, engaged, diamond ring