Zendaya and Tom Holland may not spill the beans about every facet of their relationship, but there have been certain clues that things are becoming more serious. Eagle-eyed fans spotted a beautiful piece of jewelry when nail tech Marina Dobic shared an Instagram video of Zendaya's fresh manicure in March 2023. The video showcased a gold ring with what appears to be the initials "TH" on it, which may believed to represent Holland. The ring was being worn on the index finger, which isn't the traditional engagement ring finger. Yet, that still didn't stop talks of the piece being an engagement ring.

Months later, another ring caught the attention of Zendaya's millions of Instagram followers, only intensifying rumors. In September 2023, Zendaya snapped a selfie of her reflection, and this time, a stunning pearl ring was in the place where an engagement ring would typically be. After an influx of interest surrounding the photo, Zendaya made it clear when she informed everyone that it was just a piece of jewelry she liked, not an engagement ring. In a video shared on social media, Zendaya explained, "I can't post anything, you guys. I posted it for my hat ... Like, not for the ring on my right finger, you guys. Seriously, you think that's how I would drop the deuce? Like what?!"