THERE IS NO RING!
The story is a Hoax.
The Report is Not True
The original (untrue) statement was:
"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."
The spokesman is not named in the story, and there seems to be no other evidence for the claim.
The report is "not true," said Pfeiffer in an e-mail. He didn't elaborate.
Enrico Gamba, a spokesman for the jeweler, Bosco Giovanni Srl, declined to comment on the story.
"I don't confirm any news," he e-mailed.
The designer of the ring is very upset because people are blaming HIM for starting the rumor to boost his own business.
I learned this by reading a few stories on the Internet. It's easy to do. Or you can just sit here and crab about how hypocritical Obama is...



