Michelle Obama is to receive this £20,000 thank you from her husband for her support during the election.
The Harmony ring is made of rhodium - the world's most expensive metal --and encrusted with diamonds. It is being hastily made by Italian designer Giovanni Bosco in time for January's inauguration ceremony.
Only about 25 tons of rhodium are mined each year, mostly in South Africa, and as a result its price is typically around £5,000 an ounce.
Well, now we know: he does it with a £20,000 piece of jewellery, crafted from the world's most expensive metal: rhodium. Rhodium?
The "Harmony" ring that Obama has ordered for his wife has been designed by the A-list Italian jewellery designer Giovanni Bosco, who's now busy knocking the thing into shape and encrusting it with diamonds before Inauguration Day rolls around on 20 January. Even dearer than those diamonds, however, will be the rhodium ring itself.
And of course, the denial from a rep:
The communications for Obama's transition, Dan Pfeiffer, flatly denied a Daily Mail report that Obama is buying an exotic $30,000 ring to thank his wife "for her support during the election."
The report is sourced to an anonymous spokesman for the manufacturer of the rhodium ring, who is quoted claiming, "Our agent in the United States was asked by Mr. Barack Obama about the ring because he wants it as a thank-you gift for his wife, Michelle, for her support the last two years."
What is your take on this? A nice gift? Too pricy? Perhaps he should have donated to her favorite charity instead?