George Clooney’s romance with Italian TV personality Elisabetta Canalis is heating up. According to a pal, the 48-year-old bachelor is so smitten that he recently presented her with a ring. It’s not an engagement ring — but it is a sign they’re getting serious. As In Touch first reported, George invited Elisabetta, 31, to move into his Studio City, Calif., home and now that she’s there, he’s spoiling her rotten. In addition to slipping the Cartier diamond on her finger, George also bought the European beauty a Hermés Kelly bag and countless pairs of designer shoes. “Every day is like Christmas at George’s house for Elisabetta,” says his buddy, adding, “He’s even looking at a Maserati. He’s had a great life for a long time, but she seems to make him very happy.”

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