A company called 'Profiles In History' is auctioning off Elvis’s diamond and platinum wedding band to his wife Priscilla on December14–15, as part of an auction featuring more than 900 items. The wedding ring is decorated with eight baguette-cut diamonds within a border of 16 fill-cut diamonds, with an expected sale price of $100,000 to $150,000. Elvis gave the ring to Priscilla when he married her at the Aladdin Hotel in Las Vegas on May 1, 1967.
EPE Update December 13, 2006:
The "Elvis wedding ring" that is presently publicized for auction by the Profiles in History auciton house is said to have left Elvis's possession when he gave it to an entourage member, David Stanley and his wife – reportedly a sweet gesture of goodwill from Elvis late in his life, wishing the Stanleys the best in their marriage several years after his own marriage had ended. The auction has inspired news coverage and quite a bit of speculation on various Elvis fan sites and message boards.
Priscilla Presley and Elvis Presley Enterprises, Inc. have no concrete documentation of their own to put them in a position to verify the story of the gift or the authenticity of the ring as having once belonged to Elvis, or to express any doubt about it. However, a couple of points beg clarification.
If the ring being auctioned did indeed belong to Elvis, then it would have to be Elvis's "second" wedding ring - the one Priscilla gave Elvis as a replacement when he lost his original one at their ranch in Mississippi not too long after their wedding. Elvis's original wedding ring had become loose on his finger and he was concerned that it might slip off while he was working on the ranch, so he tied it to a kerchief around his neck. The ring ultimately fell from the kerchief, which Elvis did not notice at the moment it happened. After much searching, the ring was not found. Priscilla soon gave Elvis another ring to replace his original. The second ring was of a completely different design, such as the one presently being auctioned.
Also, in some news stories the ring that is being auctioned has been misidentified as the one Elvis gave to Priscilla on their wedding day. This is not true and the auction company is not the source of that misinformation. Priscilla still has her wedding and engagement rings from Elvis and treasures them.
Google Update December 16, 2006:
The wedding ring from Elvis' marriage in 1967 to Priscilla Beaulieu fetched $90,000 US on at the American 'Profiles in History' auction. The estimated highest bid was over 100.000 dollar.
Source: Various / Updated: Dec 16, 2006