Zendaya‘s Golden Globes appearance has fans excited … ’cause not only is her fashion flawless, but she’s also sporting a ring on THAT finger.

The actress hit the carpet at the Beverly Hilton Hotel in Beverly Hills Sunday … sporting a bright orange gown and an old Hollywood bob.

And, while her outfit may have stunned many, her legions of fans took to X to talk about the huge diamond on her left hand.

As you can imagine … many fans immediately started congratulating Zendaya on her engagement — without waiting to hear if she’s actually engaged to her longtime boyfriend, Tom Holland.

Zendaya and Tom first started dating back in 2021 … several years after meeting on the “Spider-Man: Homecoming” set.

They quickly became one of Hollywood’s most beloved couples … though they’re notoriously private and rarely comment publicly on their relationship.

Basically, if they were engaged, they’re not likely to broadcast it … so, this easily could be Zendaya’s way of telling the world she’s tying the knot — or maybe it’s just a ring.

BTW … Zendaya’s probably got more on her mind that fan speculation — ’cause she’s up for Best Performance by a Female Actor in a Motion Picture – Musical or Comedy for her movie “Challengers” at the ceremony.