Would You Pay $3 million for the Heaviest Gold Ring in the World?
Have you seen the heaviest gold ring in the world? It is worth $3 million!
It might not be the most expensive gold ring in the world, but surely is the heaviest one.
This ring is currently on display at the 39th edition of MidEast Watch & Jewelry Show in Sharajah, but is not for sale.
The MidEast Watch & Jewellery Show will feature 500 exhibitors and brands across 30,000 sq. meters of exhibition space at all the six halls at Expo Centre Sharjah.
It will feature national pavilions and regional and international launches of new creations, apart from a daily raffle draw that gives away exciting prizes to lucky shoppers.
Made by Taiba Gold & Jewellery of Saudi Arabia, the 58.68kg (141-pound) gold ring is studded with 5.17kg of Swarovski stones.
Moreover, the ring has its own certificate from the Guinness Book of World Records and is endorsed by the World Gold Council.
There is also a smaller version of the gold ring, which is of sale with a price range of Dh1,200 to Dh1,500 (US$326- US$408), available in three colors: white, rose, gold.
The Saudi-based jeweler has planned to open 1,000 showrooms in the next years in Gulf countries, according to its top official.
“At the moment we have 18 shops including 12 in the UAE and our target is to take it to 1,000 in the next three years,” Rossella sales manager Mazen Hamza told Khaleej Times on the first day of the exhibition.
That means the UAE will get another six shops from the 27 each month.
Hamza declined to provide any investment amount for expansion but said the investment is big and the company is also big as its 50 years old jewellery firm.
According to him the ring was manufactured in Saudi Arabia and took 45 days to make.
Named Najmat Taiba or Star of Taiba, the gold ring had fifty-five workers working on it.
“The ring was created in 2000, and cost nearly $550,000 when gold price was $250 per ounce. Its value has multiplied several times by now, with gold trading near $1,150. I am sure the ring will generate tremendous buzz among visitors to the show,” said Saif Mohammed Al Midfa, CEO, Expo Centre Sharjah, said ahead of the show.
“It is diamonds that usually capture the attention, but Najmat Taiba has become the centre of attraction — of jewellers and jewellery lovers alike. To make their visit memorable, we are offering visitors a chance to take a selfie with the ring,” said Midfa.
This is a ring fit for the giants featured on those stories.