Is Michelle Obama receiving a $30,000 dollar rhodium harmony ring from her husband Barack Obama for being such a good sport while he ran for president? Read more about it below, see photos and watch a video.

Well, it looks like the media, and their desire to re-establish camelot, have started another ridiculous rumor. Or have they?

According to rumors circulating around the internet, Barack Obama was going to buy a $30,000 ‘harmony ring’ for his bitterly tragic wife as a thank you for helping him out on the campaign trail. The Harmony ring is supposedly made of rhodium – the world’s most expensive metal – and encrusted with diamonds.

The UK tabloids apparently are the ones who started this dastardly rumor when they suggested that Barack Obama was ordering a ring from a famous Italian designer Giovanni Bosco for his wife Michelle. Now, according to this report, all of this is false and The One’s spokesman Dan Pfeiffer said there was no truth to this rumor whatsoever.

Ok. Whatever.

Michelle Obama Ring – MSNBC Video