US president-elect Barack Obama, whose criticism of overspending and compassion for the downtrodden during tough economic times helped him win the election, has bought his notriously-frugal wife Michelle a $30,000 thank-you gift of “bling“.
The diamond-encrusted ring is made from rhodium, the world’s most expensive metal. Only about 25 tons of rhodium are mined each year, mostly in South Africa, and as a result its price is typically around $7,500 an ounce.
When the GOP was under fire last October during the presidential election for spending more than $150,000 on the wardrobe for VP-candidate Sarah Palin, Michelle Obama bragged about her frugal clothing budget on The Tonight Show.
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Nice to see she earned a Ring for hiding for the last three months….Didn’t even make it out for Granny’s funeral…but she made one appearance to tell everyone she wore clothes she bought on-line….I had no idea you could order custom made Maria Pinto or Narciso Rodriquez gowns online….
You do realize that the title of the article is “Obama DENIES claim he is to buy rare £20,000 rhodium ring for his wife to say ‘thanks for your support’” right?
lol