I perused the story in several tabloids a while ago. And it's outrageously hilarious I should say.

According to Mr Kraft he received a call from the George W. Bush-run White House, saying, 'It would really be in the best interest of US-Soviet relations if you meant to give the ring as a present.'
According to Mr.Kraft George W. Bush believed the USSR was still alive and kicking at the time.)))

'I really didn’t [want to]. I had an emotional tie to the ring, it has my name on it. I don’t want to see it on eBay. There was a pause on the other end of the line, and the voice repeated, "It would really be in the best interest if you meant to give the ring as a present.’”
And soviet leaders sell out gifts on eBay.)))

I took out the ring and showed it to [Putin], and he put it on and he goes, “I can kill someone with this ring,”’ Mr Kraft told the crowd.
They also publicly boast killing people using rings. )))

I remember that I was handed some souvenirs. If this is such a great value for Kraft and the respective team, I have a proposal,' President Putin said. He suggested that a Russian factory could create a replica, using 'good metal and stone' so a copy of the ring can be given to Mr Kraft and the team.
However, the ring decidedly has a modicum of magic powers that stop sending it back to the USA.))) Maybe, it’s a modern Moonstone.)))

Putin offers to replace 'stolen' Super Bowl ring with specially made fake from Russian factory | Mail Online