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Tara Reid was recently seen lunching in Miami with a huge pink diamond engagement ring on her finger.

She's been dating German internet entrepreneur and billionaire Michael Axtmann for some time.

Apparently the pink diamond is not an engagement ring, but instead a very generous birthday gift.

Considering how valuable and rare pink diamonds are, it will be interesting to see the ring he gives her if they do eventually get engaged.

To learn more about fancy colored diamonds, check out our article on pink diamond rings.

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