Originally posted by swdecord

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.

www.dailymail.co.uk...

Geez....I guess everyone who donated $5 is paying a penny for the ring...

What happened to the "We are regular people" mantra???

True colors people...True colors...Keep thinking "Things will change..."

Originally posted by Benevolent Heretic
If this story is true (remember the lobster hoax),

There's just one problem: The story isn't true.

The Obama Press Office told me this:

The story is not true, there is no $30,000.00 ring.

I also contacted the jeweler in the story, Bosco Giovanni. Here's what their spokesman, Enrico Gamba, said via email:...

A spokesman at Giovanni Bosco said: 'Our American distributor has contacted us and has asked us to provide details on the Harmony ring.'It is our top of the range piece and made from rhodium and encrusted with diamonds.

'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.

'We have a select number of clients both in the United States, Europe, Russia and the Middle East and our prices as a result reflect the wealth of our customers.

'For obvious privacy reasons I cannot reveal the cost of the ring but bearing in mind it is made from rhodium or black gold and encrusted with diamonds you can be sure it will cost thousands of pounds.'
Dan Pfeiffer, communications aide for Obama's transition to the Presidency, flatly denied the story in an email to an American political website.
The report is 'not true,' said Pfeiffer in the message to Politico.