Designed and manufactured by Ukranian classic jewellery house Lobortas, the ring carries a total of 2,525 diamonds and took 530 hours to create.
Indian diamond manufacturer Shrenuj Group supplied the diamonds, which are set in 18k white gold, with a total weight of 10.48 carats.
According to Lobortas, the ring was inspired by a Russian fable about a swan that becomes a princess.
The ring is currently being showcased in the Ukrainian capital of Kiev and will be taken across various other exhibitions globally.
Lobortas has set the price of the ring at $1.3 million.