Posted on 12/02/2008 9:13:28 AM PST by lewisglad
The country's economy is in shambles, but President-elect Barack Obama is reportedly sparing no expense when it comes to bling for his first lady.
Obama is giving wife Michelle a $30,000.00 diamond-encrusted Harmony ring made of "black gold" - rhodium - the world's most expensive metal, London's Daily Mail reported online last night.
Made by Italian designer Giovanni Bosco, the pricey thank-you ring will be ready in time for the inauguration, the report said.
"Our agent in the United States was asked by Barack Obama about the ring because he wants it as a thank-you gift for his wife, Michelle, for her support the last two years," a spokesman for the designer said.
Only about 25 tons of rhodium are mined every year, making its price higher than gold's, typically around $7,000 an ounce.
The queen's crown jewels are rhodium-plated.
"We have a select number of clients in the United States, Europe, Russia and the Middle East, and our prices, as a result, reflect the wealth of our customers," the spokesman said.
(Excerpt) Read more at nypost.com ...
Sssh. He’s a man of the people.
Is the Post suggesting that people who have money stop spending it? That would be real good for the economy.
3d post on this topic.
Well yes it would be bad for the Italian economy if Americans stop buying Italian made jewelry. :)
Anyway, this will not go over well and I believe the Obamatron will retreat from the bling for his betty.
She will of course be even more angry faced than ever. I hate when that happens.
Didn’t even buy American!!, Where are you Unions??
his people are claiming the story isnt true...it was probably true but when it became public he decided the PR was not a good thing.
This is probably the Kobe Bryant like payoff for the gay Chicago affair stories in the limo that were swirling around
A diamond is forever. And so is a liberal Supreme Court Justice.
Betcha the MSM won’t touch this one.
Good looking clothes on the vibrant Sarah? Horrors!
Bling on a bimbo? S’all right with them.
Must...not...make...spinning...rim...jokes....
“the pricey thank-you ring will be ready in time for the inauguration”
And Reid will post police dogs at the doors to sniff-out any evil-smelling plebes.
So if it’s his money, he shouldn’t spend it as he wishes?
Where are the harpies now that were laying into Sarah for her RNC clothing?
Are those “Conflict Diamonds”?
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