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First up, the rumors...
The Sun reports that Harry picked out a vintage emerald bracelet from a second-hand shop in Cheshire, England over the holiday, giving it to Taylor as a New Year's present.
A source squeals, "Harry handpicked the present for Taylor while he was back home. He found it in a second-hand shop and she was impressed when he handed it to her. He gave it to her at the plush hotel they stayed in while they were celebrating New Year in New York."
As for that whole "I love you" rumor, the source says, "Harry is head over heels for Taylor and even admitted he loves her while they were in the Big Apple."
Are the rumors true?
Well, until we see the bracelet jangling around on her wrist, it's just gossip for now.
Plus, who can guess if Harry actually told Taylor he loves her...
CHECK OUT PICS OF HARRY AND TAYLOR'S ROMANTIC VIRGIN ISLANDS VACATION