rhodium

Barack Obama Not Buying Michelle Obama $30k Ring

Drudge is pushing a story from the London Daily Mail that has President-Elect Barack Obama making an epic splurge on First Lady-Elect Michelle Obama: 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. There's just one problem: The story isn't true. The Obama Press Office told me this: The story is not ...

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