She loves her inexpensive outfits from the mall, but Michelle Obama will soon be sporting something much fancier than anything you'll find at J. Crew. A spokesman for top Italian designer Giovanni Bosco has confirmed that President-Elect Barack Obama is looking to purchase a $30,000 Harmony ring made of rhodium and encrusted with diamonds. More... Poll: Have you ever bought or received a piece of jewelry costing $30,000 or more? -Magazine Lane - Discount Cigarettes & Tobacco - Nutty News Marketplace - Prisoner Pen Pal