Did you hear? Twilight hunk Robert Pattinson gave co-star and sweetheart, Kristen Stewart, a ring last week! (And you thought the budget brouhaha in Washington was big news.)

While Twi-hards will be disappointed to learn that the rumored ring is not, in fact, an engagement ring - it is a rock that comes with relationship strings.

According to Hollwoodgossip.com, R-Pats threw down a whopping $17,000 for a vintage promise ring and is just "waiting for the right time to give it to her."

A source said, “The ring is rose-cut diamonds set in rose gold. It’s a very feminine piece of jewelry and very old. The diamonds aren’t huge, and it doesn’t look like an engagement ring. [He] found it through a dealer who specializes in estate jewelry, and he knew it was just perfect for Kristen.”

1/2 Carat Diamond Right Hand Ring in 14K Rose, Yellow and White Gold

He’s not proposing, though. But the snitch is convinced that he would, if Kristen were on board for it.

I haven't heard much about the use of 'promise rings' these days, but it's heart-warming to know the tradition continues even with A-listers like this Tween dream couple. It's also nice to hear that rose gold is still a hot trend for all the metal mavens out there.

Rose Gold Ring with Diamonds

Rose gold, for the uninitiated, is a gold and copper alloy also known as pink gold or red gold (depending on the amount of copper in the mix).

Rose-cut diamonds were introduced as early as the 1500's and were popular until the early 1900's - so you see them a lot in vintage pieces like the one Rob apparently selected.

Rose-Cut Diamond Center Stone

Everything's certainly coming up roses for Kristen Stewart these days. I'll be on the lookout for her rosy ring pics - so stay tuned!

In the meantime, do you guys see promise rings making a comeback out there? Is this a new trend or a sweet gesture from a bygone era?