According to an announcement by the Ministry of Culture and Sports, the ring was found in 1927, during the excavations of the Italian Archaeological School in the Mycenaean necropolis of Ialyssos, Rhodes, among the offerings of Tomb 61. It was kept in the Archaeological Museum of Rhodes, as well as the whole of the findings from the systematic excavations on the island. During the Occupation and Italian Occupation in the Dodecanese, the ring was stolen from the Museum, along with hundreds of antiquities, most of them coins and jewelry, which are still unknown.