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Nicole Richie

The Massive Engagement Ring

2/16/2010 8:45 AM PST BY TMZ STAFF

Either Nicole Richie's fingers are tiny -- or her brand new engagement ring is about 47 carats.

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Richie revealed her enormous rock outside of David Letterman's studio yesterday, where she finally admitted that she's engaged to her baby daddy Joel Madden.

Lifestyles of the rich and the famous ...

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