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Though there has been some buzz that Hilary Duff's new bling is an engagement ring, we're not totally buying it.

First of all, it's not a diamond, and even though Hil seems like a regular girl next door type, we're pretty sure she would prefer a multiple karat sparkler over a plain gold band.

Additionally, the Duffster has a penchant for wearing lots of jewelry, especially rings. Want proof? On Friday Hil was at Katsuya (see pic below) with her boyfriend Mike Comrie wearing not one, not two, but three different rings on her right hand. A few weeks before that, she was spotted wearing a monstrous bauble on her left hand and a whole bunch of bracelets. Just because she's wearing a ring doesn't mean she's engaged!

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