Jon Kopaloff/FilmMagic; Denise Truscello/WireImage
Kevin Connolly sure treats his "friends" well.
star, 33, recently stopped by Los Angeles's Tracy Allen Fine Jewelry and plunked down several thousand dollars on a diamond and18-karat, white-gold ring for Dancing with the Stars
beauty Julianne Hough.
Hough's rep confirms to PEOPLE that the 19-year-old professional dancer did indeed receive a ring from the star, but insists that they two are "just friends" and "not dating."
A store patron says Connolly "knew exactly what he was going to get her and was clear about who it was for."
Hough even wore the ring on Monday's performance show, when she and partner Helio Castroneves did the paso doble and the fox trot.
Connolly (who previously dated Nicky Hilton and was briefly linked to Hayley Duff) recently admitted
to Howard Stern that he was "actively pursuing" Hough.