Jade is traditionally carved into all manner of forms, many of them with traditional meaning in Asian cultures. This piece of jade has been carved by Lucifer Vir Honestus, and set into a piece of 18k rose gold accented with diamonds. The company was founded in Milan by Luna Scamuzzi and Paolo Mandelli, taking as its name a Medieval jeweller. More of their work can be seen on their own web site.
This ring sells for USD $7,530 at Barneys.