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Did you hear the one about the new president who bought his wife a ring made out of the world's most expensive metal? Supposedly, President-Elect Obama planned to give his wife Michelle a ring as a thanks-for-the-support gift.

The stories floating around the interwebs claim the band is made from "rhodium," allegedly the world's most precious metal, the base for super-pricey items like "the world's most expensive pen" and "the world's most expensive board game" (Rhodium Battleship?).

Surprise! The "Michelle Obama ring" is probably a hoax. Which is good for Michelle, because the ring that she was supposedly getting is uuuh-gly.

For more fugly, fabulous and completely bizarre rings, click through our gallery below.

Odd and Amazing Rings



With additional research by Jessica Amason