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EXCLUSIVE: Paris Hilton's European Vacation -- "We're Having Such A Lovely Time"

Sep. 5 2009, Published 10:41 a.m. ET

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Paris Hilton and boyfriend Doug Reinhardt are mixing business with pleasure on their whirlwind trip through Europe.

First stop: Budapest where Paris celebrated the launch of her clothing line at The Coin Store.  Hungary apparently loves Paris because the store's first order sold out immediately and they've already re-ordered.

Friday night Paris and Doug went on to the Venice Film Festival premiere of Bad Lieutenant: Port of Call New Orleans starring Nicolas Cage and Eva Mendez.

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The couple was on hand to lend support to Doug's business partner, Alan Polsky, a producer on the movie. The hotel heiress rocked the red carpet in a couture gown by British designer, Jenny Peckham.

"We are having such a lovely time," Paris told RadarOnline.com.  "Venice is such a beautiful city and the shopping is amazing. Loves it!"

On Saturday, Doug took his favorite girl shopping in Venice.  "Doug whipped out his black Amex card and took Paris on a major shopping spree," an eyewitness told RadarOnline.com. "They went to Cartier where he bought her the entire diamond Panther collection of rings, necklaces, and bracelets.

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"He topped it off with the diamond-encrusted Cartier LOVE bracelet, which cost a cool $80,000. Doug told the salesman that money was no object, and he wanted to make his girl happy. Paris loves being treated like a princess."

Don't we all!

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