'It was a giant rock. They seemed like they were celebrating and people were talking about it,' said the source.
'The ring was very noticeable. They were sitting back in a corner. She was wearing a cute black dress with white polka dots.'
Cooke works at New York's Gladstone Gallery, which represents artists including Lena Dunham's dad, Carroll Dunham, as well as Richard Prince, Anish Kapoor, and Bjork's ex, Matthew Barney.
Bling bling: A ring could be seen on the left ring finger of the 28-year-old Oscar winner
Something to hide? The actress kept her hand covered after seeing the photographers
He is known on the art party scene and previously worked at the prestigious Gagosian gallery.
For Jennifer, the romance begun just months after she split from Mother! director Darren Aronofsky, 49, in November 2017 after dating for about a year.
It has been claimed that their age gap caused a problem in their romance, as well as Jennifer admitting they were never able to switch off from talking about work.
Jennifer and Cooke have enjoyed their romance away from the public eye, enjoying low-key trips to Europe and dinner dates in New York City.
While they haven't walked a red carpet together, in September Jennifer took Cooke with her to the New York Film Festival premiere of The Favourite — which stars her ex Nicholas Hoult and her close friend Emma Stone.
Also in attendance was the actress' ex Darren Aronofsky.
Set to wed? Jennifer, 28, is seen in January at the Golden Globes
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