UPDATE: This turned out to be a viral rumor as Obama declared it untrue.
President Elect Obama is looking for a suitable bauble to thank Mrs. Obama for her support during his run for president. I guess he ruled out the diamond g-string, or the diamond bra, which is probably a good thing.
Seems he has settled on a $30,000 rhodium ring that is surrounded by diamonds. The Harmony Ring is a top of the class masterpiece.
Rhodium is one of the rarest metals, normally sold to only the very wealthiest individuals. Rhodium usually prices out at about $7,500 per OUNCE - The ring is hurriedly being made by Giovanni Bosco, jeweler for the ultra rich and famous.
Presidential Gratitude Jewelery
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$1.35 Million Lingerie
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Obama Gives Michelle $30,000 Thank-You Ring
By: Going Like Sixty - Published: Dec 2, 2008 • References: luxist