Katie Holmes and Jamie Foxx are totally engaged -- at least that's the way it seems.

While the pair has yet to confirm their relationship, rumors are swirling regarding their possible engagement, and Holmes has done nothing to refute claims. Instead, the actress has continuously been seen wearing a suspicious diamond ring on THAT finger!

"Katie Holmes stepped out in New York on Thursday as she picked up some art supplies," the Daily Mail reported on Thursday. "The 37-year-old actress stopped by a BLICK materials store and was pictured waving down a cab as she made her way home with a big bag of craft supplies."

Meanwhile, as the report noted, Holmes was once again "seen wearing a gold ring on her wedding finger, the same piece of jewelry she's been sporting for months and fueling speculation of an engagement with rumoured beau Jamie Foxx."

In addition to rumors of an engagement, there has already been speculation over the possibility of Holmes and Foxx having already wed, and other reports claim Holmes is trying to get pregnant.

"[Katie and Jamie] have been talking about a baby for months. They're considering IVF if it doesn't happen naturally," a source told OK! Magazine last month, via Celebrity Dirty Laundry. "Katie has been researching doctors who are experts in the field of IVF, the actress is also asking for advice from friends who have used in vitro fertilization in order to conceive."

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Katie holmes, Jamie Foxx