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A new round of rumors surfaced Thursday after Holmes stepped out in New York City wearing a diamond ring she's been sporting for months

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March 18, 2016 12:40 PM

Jamie Foxx has a word to the wise: Don’t believe everything you hear.

The actor’s rep tells PEOPLE that Foxx and Katie Holmes are neither engaged nor married, amid incessant speculation that the two are tying the knot after repeatedly being spotted wearing bands on their ring fingers.

A new round of rumors surfaced Thursday after Holmes, 37, stepped out in New York City wearing a diamond ring – the same bauble she’s been sporting for months.

Katie Holmes
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Foxx, 48, has himself been seen wearing a gold band as far back as January when he was snapped flashing the bling at the Golden Globes, where his daughter Corinne served as Miss Golden Globes.

Jamie Foxx
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Sources had previously confirmed to PEOPLE that Foxx and Holmes had been spending time together for well over a year, but that it was nothing serious.

“This is not some intense romance,” a source told PEOPLE last year. “Jamie and Katie are friends and have been for a long time. They are two adults who are attractive and single, and so apparently conclusions will be drawn … But contrary to those conclusions, they’re not about to run off and make some serious commitment.”

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