Naomi WattsLess than a month ago, the rumours were flying that Naomi Watts and Liev Schreiber were on the verge of calling it quits but now it looks like they’re going the other way.

The pair have been spotted shopping for engagement rings in Los Angeles recently.

An inside source at jewellery store Antiquarius told In Touch magazine that the couple had been in the store, looking to spend $400,000 on a ring. Another report in Star magazine claims they’ve bought a $150,000 diamond ring from designer Neil Lane instead.

Liev apparently proposed to Naomi in December 2005 with a marriage planned for this year.