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Why Grooms Wear Wedding Bands but Not Engagement Rings

Oct. 11 (Bloomberg) -- In the 1930s, Fortune magazine called weddings a “depression-proof” business; these days, the term is “recession resistant.” That isn’t exactly true, but there’s no denying that the U.S. wedding industry is big business today: Even in a sluggish economy, the average cost of a wedding in 2011 was $26,501, according to a Brides magazine survey.

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