The crown jewel of the world’s jewelry collection was recently taken off the table in an attempt to help preserve the collection.
Last week, Kings jeweler John Dang agreed to sell his collection of 1,400 gold rings to a Chinese company for an undisclosed sum.
The sale, first reported by Business Insider, follows an announcement by the British luxury retailer, Marks & Spencer, that it is closing the store in Singapore and moving to Hong Kong in 2019.
While the move is seen as a positive move, some critics argue it is a way to preserve the value of the ring in an increasingly scarce market.
In a blog post, King said that the sale of the rings was a “fair, equitable and legal decision” by Dang.
However, he acknowledged that the ring was the focus of speculation in some circles.
“The ring is a very precious object,” he said.
“But its value is not to everyone.”
He also pointed out that it was the responsibility of the British government to ensure that the value and cultural heritage of the kingdom’s jewellery remained intact.
“It’s up to us, as a society, to decide what’s the right thing to do for our jewellery, and how we can preserve it,” he wrote.
The king’s statement comes after the Royal British Legion (RBL), which oversees the Royal Collection, announced it would stop taking donations for the royal collection in 2017, saying it was a time of “urgent concern”.
“We are very saddened by this news and are deeply concerned for the future of our collection,” the RBL said in a statement to The Local.
The RBL’s move comes amid growing concerns about the value, health and safety of the jewellery in China.
Last year, the British Medical Association, which represents more than 150,000 medical professionals in the UK, issued a damning report on the country’s antiquities trade.
It called on the British authorities to do more to ensure the health and well-being of its jewellery.
In January, it was revealed that the British royal family is using the ring as a “virtual trophy” to promote its brand.