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
More Stats +/-
$1.35 Million Lingerie
Diamond-Studded Bobble Bracelets
204-Carat Diamond Chokers