Saudi and UAE businessmen are vying to purchase the biggest gold ring in the world, according to Al Bayan newspaper.
The business tycoons have reportedly offered up to AED20 million to purchase the ring which is displayed at the Al Barsha Mall in Dubai.
The 21-carat ring weighs almost 64 kilogrammes (141 pounds), and is studded with 5.17 kilogrammes (11 pounds) of precious stones.
The massive ring - famously known as the Najmat Taiba or Star of Taiba - features in the Guinness World Records as the biggest gold ring in the world.
The coveted ring first made headlines in 2011 when it was displayed at Deira Gold Souk.
Dubai-based Saudi Taiba Group has no plans of selling the ring which has a Guinness certificate and an endorsement from the World Gold Council.
Fifty-five employees worked over 45 days in 2000 to finish the ring which also boasts 615 Swarovski stones.
The Saudi Taiba Group has so far sold 300 replicas of the Najmat Taiba ring – each for AED1,700.
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