The communications for Obama's transition, Dan Pfeiffer, flatly denied a Daily Mail report that Obama is buying an exotic $30,000 ring to thank his wife "for her support during the election."

The report is sourced to an anonymous spokesman for the manufacturer of the rhodium ring, who is quoted claiming, "Our agent in the United States was asked by Mr. Barack Obama about the ring because he wants it as a thank-you gift for his wife Michelle for her support the last two years."

The spokesman is not named in the story, and there seems to be no other evidence for the claim.

The report is "not true," said Pfeiffer in an email. He didn't elaborate.

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