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Barack Obama has denied his wife Michelle is to receive this £20,000 thank you for her support during the election.
The Harmony ring is made of rhodium - the world's most expensive metal - and encrusted with diamonds.
A spokesman at Italian designer Giovanni Bosco said Mr Obama had asked their American agent about the ring because he wanted it as present for Michelle to thank her for helping over the last two years.
MSNBC Live anchor Contessa Brewer went on to report that Michelle Obama would be getting some "inaugural ice" but failed to mention that Obama's camp had flatly denied the story. Media Matters is already on the case.
I fail to see where this is a problem. As Hov might say, what you eat don't make me shit. Isn't it nice to have a generous husband in the White House?
Most importantly, I'm confused about why this is a "news" story. Are we all going to breathlessly report about everything that ever runs in British tabloids? The Drudge Report? I shudder at the thought.
Be prepared. I think the next four years are gonna be a lot like this, only worse.
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