Miley Cyrus WITHOUT Engagement Ring — Trouble in Paradise?

0307_miley_cyrus_x17Miley Cyrus made a HUGE statement last night without ever saying a word … “cause she went out in public WITHOUT her engagement ring … in the wake of rumors her fiance cheated on her.

Miley DID have some jewelry on her hand when she went out in L.A. last night … in fact, she even had a couple of rings on her ring finger … just NOT the giant rock Liam Hemsworth gave her when he proposed.

The timing is interesting … “cause there have been reports that Miley was angry with Liam … who was recently spotted in the back of a car with actress January Jones.

Just a few hours before she went out in public yesterday, Miley had tweeted that she had NOT called the wedding off.

Than again … “lotta stuff can happen in just a few hours.