WASHINGTON -- Looks like Michelle Obama won't be setting aside her fake pearls in favor of a $30,000 thank you ring from her husband.
London tabloids reported that President-elect Barack Obama was buying a pricey rhodium ring from Italian designer Giovanni Bosco for his wife. But there's no truth to the report, said Obama spokesman Dan Pfeiffer.
The rumor began overseas and made the rounds of American blogs, including the Drudge Report.
The office of Giovanni Bosco, reached in northern Italy, also said the reports were incorrect.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
