Are Emma Stone and Andrew Garfield engaged? That's what a tabloid suggested as the two remained mum on engagement rumors. Instead, the pair enjoyed 4th of July hanging out at the beach house of Taylor Swift.

Citing an unnamed source, the Star magazine reported that Emma Stone and Andrew Garfield are engaged and are already "planning to get hitched."

As proof that Emma Stone and Andrew Garfield are engaged, the two were reportedly seen looking for engagement rings at Diamond District in New York.

"They were looking for a loose emerald-shaped stone. They want to design an engagement ring together," the source said.

While the "Amazing Spider-Man" co-stars are mum about the rumored engagement, they celebrated 4th of July at the beach house of Taylor Swift in Rhode Island, according to JustJared. They also had a boat ride as they soaked in the sun.

Aside from Emma Stone and Andrew Garfield, Jaime King, Lena Dunham, Amanda Griffith, Jessica Szohr, Odeya Rush and Jessica Stam also joined the 4th of July celebrations.

"It's a well known fact that Taylor Swift has more celebrity pals than she has skin cells, and last weekend she invited pretty much ALL of them over to her Rhode Island home for a cuppa, a sausage roll and a sparkler," SugarScape noted.

While the reported Emma Stone and Andrew Garfield engagement remains a rumor for now, the "Easy A" star will stay in Rhode Island as she is filming the Woody Allen film "Magic in the Moonlight."

According to IndieWire, "Magic in the Moonlight" tells the story of an Englishman trying to blow the lid of the modus used by a famous spiritualist. However, he falls in love with the person he's investigating instead.

Emma Stone is joined by Colin Firth, Eileen Atkins, Marcia Gay Harden, Simon McBurney, Jacki Weaver and Hamish Linklater in the Woody Allen film.