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We’re all still processing and grieving the news that Bethenny Frankel has quit the Real Housewives. We also hope that Andy Cohen is right.

But it looks like Bethenny may have other, more personal things on her mind.

Take a look below and see why legions of her fans believe that she is engaged to boyfriend Paul Bernon.

Paul Bernon and Bethenny Frankel, One Year Anniversary

It starts off innocenlty enough — with a beautiful tribute that Bethenny posted to Instagram.

"The best part of my day," her caption begins. "Is when my Peanut comes home from school & it’s mommy & me time."

Said Peanut, of course, is 9-year-old Bryn, whom she shares with her horrible ex, Jason Hoppy.

"Today is #NationalDaughtersDay," Bethenny notes.

"But," she adds. "I am grateful for her every single moment!"

Photo via Instagram

This was the photo that Bethenny shared for the occasion, and fans weren’t quite focused on Bryn.

No, theyw ere looking at Bethenny’s left hand, where she is rocking a whopper of a diamond ring.

"Are you engaged? Omg," one fan comments excitedly.

Another follower writes."That’s a pretty ring on your left hand @bethennyfrankel!"

"But can we talk about what’s that bling on THAT finger???" an additional coment asks.

Paul Bernon for Emily's List

The ring certainly looks like an engagement ring.

And businessman and philanthropist boyfriend Paul Bernon could certainly afford to treat her to such an amazing piece of jewelry if he proposed.

However, excited fans may want to pump the brakes on their hopes and dreams.

People spoke to an inside source who says that the ring is, well, just a ring.

"She’s not engaged,” the insider reveals.

The source goes on to explain: “She has an amazing jewelry closet."

Bethenny Frankel in a Miami Pool

This has actually come up a little before.

Back in 2017, Bethenny gave People a tour of her closet, including a peek at her "fancy safe."

The velvet-lined repository is home to her amazing jewelry.

"Everyone thinks I’m engaged cause of these [rings]," Bethenny admitted at the time.

She explained: "but I buy them for myself."

"Screw everybody, who needs a man?" Bethenny correctly remarked.

Bethenny Frankel is in Charge

That doesn’t mean that things aren’t going well with her young, hot boyfriend.

On September 12, Bethenny marked her one year anniversary with the Emily’s List supporter, sharing the photo that we have at the top of this post.

"Having such a supportive and loving partner makes me a better person & inspires me to achieve the impossible," Bethenny gushed.

"Happy Anniversary!" she expressed.

Bethenny concluded: I love you and thank you for the most beautiful year!"

Paul Bernon

Paul took his turn to gush in the comments under her photo.

"Thank you for the best year of my life," Paul wrote.

He affirmed: "I love you!"

Bethenny and Paul don’t need to rush into anything formal.

She’s dealt with the death of an ex. She’s still grappling with Jason Hoppy. She just announced her departure from Housewife status.

Right now, she should enjoy her daughter and her boyfriend and her business and her charitable works and her life.

No need to rush into an engagement after one year, folks.