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After Kim showed off her golden ‘KW’ engagement ring on a certain “special finger”, we all wondered: Could Kanye have possibly proposed to his baby mama?

On Feb. 7, Kim Kardashian flaunted a new ring on her Instagram account — a golden ring with the initials ‘KW’ on it, worn like an engagement band! Even though her divorce from Kris Humphries, 28, is far from finalized, could boyfriend and baby daddy Kanye West, 35, have actually proposed with a ring bearing his initials?

A source close to Kanye opened up to the gossip site, HollywoodLife.com, saying that unless the rapper is staying very tight-lipped, this ring isn’t as serious as one might think! “Kim like to keep ya’ll guessing and unless Kanye keeping his mouth shut, I don’t think they’re engaged,” our insider says.

Though the new photo is the first time we’ve seen the ring, our source tells us that it’s not the first time the reality starlet’s rocked it! “…She’s had that ring for a while and has been sporting it all over the place last year. So the ring ain’t nothing new. I just think she’s committed to him and want to share that with people and that’s why she blasted that s**t.”

Even though Kim was spotted picking her engagement ring out at Cartier in Beverly Hills on Jan. 31, an insider says that Kanye probably won’t propose until her divorce is final. “I know the girl loves [Kanye] on some real s**t, but I ain’t heard nothing about Kanye proposing to her or no s**t like that. I don’t even think he would propose to her knowing she still married legally and s**t, but you never know. When it comes to matters of the heart, anything is possible and we’re dealing with Kim and Kanye so what that tell you?”