Submitted By Todd on December 2nd at 10:19am
to a bigger house?
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.Conservatives, on the other hand, will be impressed, as Barack's timing couldn't be more shrewd.
Rhodium <RHOD-LON> fell to $950 an ounce from $1,225 an ounce on Nov 20. The metal has shed more than 90 percent of its value since it hit an all-time high above $10,000 in June.