Belgian and U.S. media report that a Belgian diamond industry group presents President Donald Trump with a lavish, gem-encrusted ring following recent U.S. tariff relief for Belgian diamond imports. The ring is described as a gold piece made in Antwerp and crafted for Trump, with an engraving reading “Crafted in Antwerp for Donald John Trump.” Multiple outlets say the ring is presented to the U.S. ambassador to Belgium, who is expected to pass it to Trump. Reports describe the ring as encrusted with diamonds and other gemstones, including sapphires, emeralds, and rubies, and note that it features a large number of diamonds—321—according to one account.

The timing links the gift to months after Belgium’s diamond industry secures the removal of U.S. tariffs on diamond imports. In addition, one report notes that U.S. presidents have discretion in deciding whether to accept gifts from foreign or domestic sources and how they interpret such gifts’ intended purpose—personally or for the nation.