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Valentine’s Day Splurges & Steals 2011

Price: $130,000

Spending on jewelry this Valentine’s Day is expected to rise to $3.5 billion, up from an estimated $3.0 billion last year.

Valentine’s Day is a popular time to pop the question and this sapphire and diamond would definitely make it hard to say “no.” It showcases a 20.30 carat oval sapphire and more than 140 pave set round diamonds, outdoing even the soon-to-be Princess Kate Middleton’s engagement ring.