Twitter goes bonkers as Katy steps out with a ring on THAT finger

OK, Katy Perry and Orlando Bloom are either engaged or are playing a huge joke on us, because… well, LOOK at the size of that ring!

The pair have been together since the beginning of the year and stepped out in New York together on Monday night.

Not only did Katy have a massive smile on her face, but she was rocking a huge diamond ring on her wedding finger.

And eyewitness told ET: "She walked with her left hand leading her, and bent her hand to show off the large sparkler to the cameras.

Whether it's a big joke on us, we don't know, but they do look happy together.

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