Miley Cyrus’ $100,000 Engagment Ring Can Be Yours For $3,000

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19-year-old Miley Cyrus, seen here yesterday (June 7, 2012) arriving in New Orleans, just announced her engagement to actor and boyfriend of 3 years Liam Hemsworth yesterday, and one diamond retailer is already touting a replica of her 3-carat Neil Lane engagement ring.

Gemvera, an online personal fine jeweler, has replicated Miley’s bling, and it’ll only set you back $3,029.

So how do the rings compare? The Elizabeth Ring by Gemvera features a round diamond and 14-karat yellow gold, making it look remarkably similar to the real thing. Of course, this isn’t the first time that jewelers have attempted to cash in on the wedding rings of famous celebrities.

Kate Middleton’s stunning sapphire ring – once owned by Princess Diana – created a slew of replicas, while Angelina Jolie’s modern-style engagement ring has also spawned numerous copycats. Announcing the news this week, Miley told People magazine, “I’m so happy to be engaged and look forward to a life of happiness with Liam.”