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In recent weeks, Gavin Rossdale has been wearing a ring on his left ring finger, sparking paparazzi and other media to speculate that months after Gwen Stefani filed for divorce from the Bush rocker, he's still wearing the ring she put on his finger when they said "I do."

"He's not," says a friend of Gwen's, speaking to the New York Post. "The ring he's currently wearing is a gift from a male friend."

The bauble from his marriage to the No Doubt singer, the source adds, was engraved with two "G"s.

Despite recent revelations that Gavin may have had an affair with the nanny he and Gwen had hired to look after their three kids, the insider says Gwen's new romance with her "Voice" co-star Blake Shelton is going well.

"He was the first to move on," says the source. "Gwen's happy in her current situation with Blake."

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