Average Cost of an Engagement Ring 2011

One of the first questions the newly engaged has to field is how the proposal played out, and then there is always the inevitable, "Well, show us the ring!" The engagement ring is just the first of many expenses that come with matrimony, and people spend varying amounts on it. The price of the ring should depend on how big your budget is and how your finances are. Guess how much the average person spent on an engagement ring in 2011?