Miranda Kerr Wearing Thousands Of Dollars On Her Engagement Finger

As we mentioned earlier this week, hottie Orlando Bloom finally proposed to model girlfriend Miranda Kerr.
And as with most celeb engagements, the ring is worth more than many people make in a year.
Turns out her oval diamond ring is estimated to be about 3 to 4 carats and worth as much as $65,000!!!
What do U think? Are engagement rings worth spending that much money on?
[Image via WENN.]