'I thought you were engaged!' The Bachelor's Nikki Gogan sends fans into overdrive as she shares a snap of her new ring

She has been dating Perth-based architect, Bill Coe, for approximately a year.

And on Wednesday, former Bachelor star Nikki Gogan sparked engagement speculation when she shared a photo of a ring on her finger.

However, it turns out that the 31-year-old wasn't wearing an engagement ring, which she clarified in her Instagram post.

Wedding bells? Former Bachelor star Nikki Gogan sparked engagement speculation when she shared a photo of a ring on her finger (pictured)

Wedding bells? Former Bachelor star Nikki Gogan sparked engagement speculation when she shared a photo of a ring on her finger (pictured)

The jewellery was actually a 'payment ring' from Bank West that allows the wearer to purchase items without their ATM or credit card. 

Captioning the image, Nikki wrote: 'A ring doesn't have to just be an accessory. Say hello to my new payment ring... The Bankwest Halo.'

Naturally, the former reality star's fans were confused by the post, with some suspecting that she was getting ready to walk down the aisle with Bill.

Convenient: The jewellery was actually a 'payment ring' from Bank West that allows the wearer to purchase items without their ATM or credit card (Pictured: Nikki with boyfriend Bill Coe)

Convenient: The jewellery was actually a 'payment ring' from Bank West that allows the wearer to purchase items without their ATM or credit card (Pictured: Nikki with boyfriend Bill Coe)

Sending them into a frenzy! 'Got us excited for a sec (sic) thinking it was an engagement,' one fan wrote

Sending them into a frenzy! 'Got us excited for a sec (sic) thinking it was an engagement,' one fan wrote

'Got us excited for a sec (sic) thinking it was an engagement,' one fan wrote.

Hinting that she's ready for Bill to propose, Nikki replied: 'I wouldn't mind one of those either.'

Another fan added: 'All you need is for Bill to put a ring on the other hand.' 

They want a proposal! Another fan added: 'All you need is for Bill to put a ring on the other hand'

They want a proposal! Another fan added: 'All you need is for Bill to put a ring on the other hand'

Teasing them! One fan meanwhile remarked: 'I just held my breath for just a second... that pic without words got me. But, what a great idea!'

Teasing them! One fan meanwhile remarked: 'I just held my breath for just a second... that pic without words got me. But, what a great idea!'

One fan meanwhile remarked: 'I just held my breath for just a second... that pic without words got me. But, what a great idea!'

Despite no engagement just yet, it seems that the blonde has finally found the man of her dreams after having her heart broken on The Bachelor in 2016.

Nikki made her relationship with Bill 'Instagram official' in June of last year, sharing a romantic post on her 31st birthday.

'Got us excited for a sec thinking it was an engagement': Some fans thought that Nikki was engaged to Bill

'Got us excited for a sec thinking it was an engagement': Some fans thought that Nikki was engaged to Bill 

While Nikki's Instagram profile markets her as a licensed real estate agent, Bill is a director at an architecture company.

She placed runner-up on the season behind Alex Nation - who later broke up with Bachelor Richie Strahan after a few months.

Nikki turned down an offer to appear on Bachelor in Paradise, saying she preferred to stay out of the spotlight.

All smiles: The blonde beauty shot to fame on The Bachelor before retreating from the spotlight to focus on her real estate career in Perth

All smiles: The blonde beauty shot to fame on The Bachelor before retreating from the spotlight to focus on her real estate career in Perth

Case of the ex! Nikki is pictured on The Bachelor with Richie Strahan, who left her heartbroken

Case of the ex! Nikki is pictured on The Bachelor with Richie Strahan, who left her heartbroken

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'I thought you were engaged!' The Bachelor's Nikki Gogan sends fans into overdrive

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