The LA Lakers recently received their 16th Championship rings in a unique ring ceremony at the Staples Center, where each player was introduced by another team member. Just like the rings from the year earlier, these were created by Jason of Beverly Hills and are a step up in terms of value due to the 16 carat gold and 16 large white diamonds. Not only did these rings raise the gold and diamond count, they’ve also made history by incorporating a piece of leather material from the 2010 NBA Finals Game 7 ball. There’s no word on the exact price, but I’m pretty sure it’s much higher than the $30,000 ring the Lakers won last year. Also, you probably remember that after the Lakers won the championship game, one of the first people Ron Artest thanked was his psychiatrist. Well it looks like he’s putting his money where his mouth is by auctioning off his ring and donating the proceeds to mental health charities. Watch the making of the ring, the ring ceremony and see more pics below.