Michele sparked engagement rumours after she was spotted wearing a gold band with a black center when she stopped by "Jimmy Kimmel Live!" on January 21.
The band is not an engagement ring and it was a ring Michele modelled for her designer friend, Jennifer Meyer Maguire.
The "Glee" star posted on Instagram a photo of her showing off her ring placed side-by-side with a picture of a note which had both Lea and her friend's name on it.
"@esteestanley @jenmeyerjewelry loved my jewels tonight! Thank you!" the 28-year-old actress captioned the photo.