
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.There's just one problem: The story isn't true.
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 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:
I regret to inform you that because of reports so wrong and clearly different from the reality of our statements, we decided to not issue statement on this matter.Much like the tale of Michelle Obama's Caligula-style snack at the Waldorf-Astoria, this is another attempt to paint the Obamas as elitist and out of touch that has proven false.
Unfortunately, we were negatively affected by read on national and foreign media news stories that have no basement[sic], and in excess of the objective reality.
I inform you that we have no intention to disseminate more information about this story.
Tommy Christopher co-hosts "Unusable Signal" , on BlogTalkRadio Tues - Thur at 10pm, and Fri, & Sat at 11pm. Click here for the Unusable Signal homepage.

LONDON -British Foreign Secretary David Miliband on Saturday accused critics of U.S. President Barack Obama of foolishly expecting him to fix the world's woes singlehandedly. In a speech to London's...
WASHINGTON -First lady Michelle Obama will attend Game 1 of the World Series between the New York Yankees and the Philadelphia Phillies on Wednesday night. Mrs. Obama's office announced Tuesday that...
Obama cites higher hope for Afghanistan democracy WASHINGTON (AP) President Barack Obama on Tuesday applauded Afghan President Hamid Karzai for accepting election fraud findings that invalidated...

