First a puppy for the girls, Obama gifts family following his successful presidential bid

U.S. President Elect Barack Obama wants to thank his wife Michelle for her support in his bid for the White House with a diamond set rhodium ring, according to Mail Online. The ring is estimated to cost £20,000 ($30,762).

The Harmony ring, by Italian designer Giovanni Bosco, is reportedly being made to order, planned to be delivered for the inauguration ceremony next month.

According to a Giovanni Bosco spokesman, the Harmony ring is their “top of the range piece.”