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This commemorative ring was issued as a Limited Edition Officially Licensed item celebrating the New York Yankees' 1998 World Championship. The ring is 10k gold and features a CZ studded interlocking NY set on a dark blue background. The shanks feature the 1998 World Series Logo with the opposite side sporting trademark Yanks "NY" along with "New York Yankees World Champions." The ring is size 8, manufactured by Balfour and comes with a Certificate of Authenticity indicating it as number 32 in the limited edition of 2,000.
Other past auction items that may be of interest to you.
Summer/August 2006 Catalog