One of the longstanding traditions observed upon the death of a Pope is the destruction of the Ring of the Fisherman, a symbolic piece of jewelry exclusive to the reigning Pope. What is its value, and why is it destroyed?
The official value of the ring, which is custom-made for each Pope, is not disclosed by the Vatican. However, it is reported that the jewelry could be valued at approximately $520,000 (about €455,000).
Nevertheless, it is noted that the real value of the ring could far exceed its material worth due to its deep symbolism.
Typically crafted from gold, the ring worn by Pope Francis was made of gold-plated and recycled silver, reflecting his personal choice. Consequently, the value of his ring could differ from tradition.
The Ring of the Fisherman serves as a symbol of papal authority and is bestowed upon assuming the Throne of Peter. Its destruction marks the end of a papal reign.
The responsibility of destroying the ring fell to the camerlengo, a position currently held by Cardinal Kevin Joseph Farrell. This ritual took place on Monday afternoon, concurrently with the sealing of the Pope’s quarters.
The unique design for each pontiff includes the image of a man fishing from a boat, referencing the Gospel of Matthew where Jesus refers to Saint Peter as the “fisher of men.”
Pope Francis received his Ring of the Fisherman during the first mass after he assumed the pontificate in 2013, as depicted in the accompanying image.
