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The pair, who only confirmed news of their romance last week, sparked speculation that they were set to tie the knot when she was spotted wearing a rock on her ring finger.
Photographers caught Georgia with the sparkler as she stepped out in Birmingham, during a break from the ‘Strictly Come Dancing’ arena tour.
However she has insisted she won’t be walking down the aisle, telling The Mirror: “It isn’t an engagement ring.”
Giovanni added: “It’s just a present.”
Last week, they revealed that they are set to move in together, having fallen for one another while partnered on last year’s ‘Strictly’.
Rumours that they had become a couple first started when they enjoyed a romantic break at Disneyland Paris over the festive period.
Their romance initially raised eyebrows as she had previously been dating her former ‘Corrie’ co-star, Sean Ward, when she first hit the ‘Strictly’ dance floor.
It was later claimed that they split when he grew jealous over her closeness to Giovanni.