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Lady Eliot, former fiancee of Earl Spencer, is selling the diamond ring given to her by the royal.

Earl Spencer's former fiancee is selling the diamond ring given to her when he proposed.

According to the Daily Mail, Lady Bianca Eliot has given what was once the royal's token of love to a jeweller's in London, where it is currently on sale for £29,000.

Lady Eliot, widow of Lord Eliot – whose death was the result of an epileptic fit in 2006 – separated from the Earl earlier this year.

A source was quoted in the paper as saying: "Spencer did not ask for the ring back – he said she could do whatever she wanted with it."

The ring was originally purchased for £25,000 and features a large diamond surrounded by small sapphires – the opposite of the ring Prince William proposed to Kate Middleton with, which formerly belonged to the Prince's mother and Earl Spencer's sister, Princess Diana.

Television historian Dan Snow exchanged rings recently with Lady Edwina Grosvenor in a simple Liverpool ceremony.

A statement read that the couple wanted a small wedding only attended by their families.

On holiday is the perfect place to be given an engagement ring, according to more than half of women.

Women would prefer it if their partners presented them with an engagement ring on holiday, research has revealed.

According to a survey by HolidayExtras.com, more than half of women said they would rather their partner popped the question overseas, with one-third of men agreeing with them.

Out of the 479 people who answered the survey, 14 per cent said they had already popped the question on a special holiday abroad.

Only 21 per cent of respondents admitted they would prefer a proposal in the UK and 16 per cent stated that they weren't interested in tying the knot at all, claiming to be "not the marrying kind".

Recently, Prince William said he proposed to long-term girlfriend Kate Middleton on holiday in Kenya after seeking the permission of her father.

The royal gave his fiancee his mother's engagement ring, which is made up of diamonds and sapphires and was first purchased for £28,000 when Prince Charles got engaged to Lady Diana in 1981.

Prince William has given fiancee Kate Middleton Princess Diana's engagement ring.

Comprising of sapphire and diamond gems, the jewel was selected by the former Princess of Wales when she got engaged to Prince Charles in 1981.

When it was first purchased it cost £28,000 and was chosen from a collection of items by jewellery firm Garrard.

Prince William, commenting on his choice of ring, said it was "my way of making sure my mother didn't miss out on today and the excitement".

Kate Middleton's family have remarked that they are "absolutely delighted" about their daughter's plans to marry the prince, who she has been seeing for eight years.

Their engagement was officially announced yesterday (November 16th) stating that Prince William proposed on a Kenyan holiday after seeking the permission of his girlfriend's father.

The pair have been together since they met as students at St Andrews University and a statement from Clarence House has alluded that the wedding itself will take place in the spring or summer of next year.

Prince William has given girlfriend Kate Middleton an engagement ring after eight years of dating.

Kate Middleton is wearing a diamond engagement ring after Prince William proposed to her on holiday in Kenya.

The royal, who had his girlfriend's father's approval, popped the question last month while the pair were away.

Having met eight years ago as students at St Andrews University, the couple have been photographed together on numerous occasions including on holiday, at William's RAF graduation ceremony and at a recent friend's wedding – which they arrived at together rather than attending separately, as is tradition.

David Cameron, who spoke to the prince before announcing the news in a cabinet meeting, said: "This is incredibly exciting news and I am sure the whole country will want to pass on their congratulations."

It is not yet known when exactly the couple will be marrying, but a statement from Clarence House confirms the event will be in the spring or summer of 2011.

Another public figure sporting a new diamond ring this week is Jessica Simpson, who admitted she was engaged after being photographed with the jewel on her ring finger.