With their first anniversary fast approaching (April 29), Prince William and Duchess of Cambridge Kate Middleton are ready to have their first child, royal insiders tell People magazine.

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Many of William and Kate's friends have recently become parents, boosting their desire to follow suit, added a source close to the family.

Although they are unlikely to announce a pregnancy before the Queen's Diamond Jubilee this summer, the source added, "They will let nature and life take its course."

In other royal news, wax figures of the Duke and Duchess were unveiled today at Madame Tussauds in London.

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