Bella Hadid and The Weeknd: Engagement Not Ringing True

Bella Hadid's rocking a ring on the traditional wedding ring finger ... but she and The Weeknd haven't gotten THAT traditional just yet.

When the couple rolled out of their London hotel Monday evening, photogs took notice of the golden piece Bella was sporting. Rumors immediately flew that Weeknd had popped the question, but hold your congratulations.

Bella's rep tells us there is NO engagement. They've only been together for about 10 months, so it would've been a pretty quick move on Weeknd's part.

Sometimes a ring is just a ring.