Barack Obama to buy rare £20,000 gold ring for his wife to say 'thanks for your support' [View All]

[PBS Poll-435]

Barack Obama to buy rare £20,000 gold ring for his wife to say 'thanks for your support'

By Mail Foreign Service
Last updated at 1:12 AM on 01st December 2008

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.

The stunning thank you ring is made by top Italian designer Giovanni Bosco, who are based at Valenza Po near Alessandria and who counts a select list of VIPS's and celebrities as his clients.

Rhodium is one of the world's most precious metals and as a result only about 25 tons are mined each year and as a result it's price is higher than gold - typically being around £5000 an ounce.


More, including a visual of the stunning piece at http://www.dailymail.co.uk/news/worldnews/article-1090653/Barack-Obama-buy-rare-20-000-gold-ring-wife-say-thanks-support.html