How much is the World Series ring worth?
Winning players of the world series are given a ring to symbolize their contribution to the team's triumph.
Every year the winner of the World Series is given a ring that signifies that player's unique contribution to his team in winning that year's competition. The rings are commissioned by the winning team, not the league, and distributed to players and staff.
Moreover, these rings have been made by companies like Jostens, Tiffany & Co., Dieges & Clus. Each year's design is unique and is inspired by the team that wins the competition. World Series rings were first given out in 1922, and the first team to begin this tradition was the New York Giants. However, it was only until 1930 that each team started to commission rings for their staff and players.
But how much is a World Series ring?
The rings vary in cost, depending on the team that designs them. For example, the 2003 Florida Marlins rings are one of the most expensive in the league's history. They were made of 14-carat white gold. The 3.5-ounce (99 g) ring featured 229 diamonds, including one teal diamond and 13 rubies. The cost of the ring 18 years ago was $20,000 but have sold in retail for as much as $40,000.
For their 2016 World Series win, the Chicago Cubs commissioned a ring worth around $70,000, consisting of 214 diamonds at 5.5 carats, 3 carats of rubies, and 2.5 carats of sapphires. This is the year they cut a 100-year drought.
As the tradition has grown, teams have begun to make rings for players, coaches, executives, groundskeepers, scouts, and front office staff. A team can commission up to 400 to 700 rings. In addition, many teams have started to make various versions of the ring, usually A, B, Sometimes C. Usually, A's is for players, coaches and executives. At the same time, B and C consist of cheaper materials and are for staff members.
The rings are given during a ceremony after the season, and teams distribute them first to their players and later to the staff. For staff members, they get their rings after the ceremony for the most part.