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Get ready to pay more for that engagement ring you've been eyeing

Business Insider Fews App News Provider
Fews App Post Time Hace 1d

About 80% of the cost of a typical engagement ring is determined by the gem, with about 20% from the metal itself. Doni Persada/Getty ImagesWith rising gold and gem costs, jewelers are weighing near-term price hikes. As rings get more expensive, sellers are also encouraging shoppers to buy more.

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