Is Ellie Goulding Engaged?? When You See This Giant Ring, You May Say Goodness Gracious!

Is Ellie Goulding engaged??
The Beating Heart singer has been dating McFly‘s Dougie Poynter for nearly a year now, and they seem like the perfect couple — just check out the pics of them together (above) — but have they really taken the next step??
It kinda looks like it!
[ Photos: Ellie Attends London Fashion Week Party & Runs Into Her Ex! ]
Ellie was spotted attending the H&M VIP launch with a curiously large and sparkly ring on THAT finger!
Even upon closer examination, that still looks an awful lot like an engagement ring!
What do U think? Is it an announcement or just an accessory?
[Image via Bauer Griffin Online.]