I can honestly say i would not and I have not paid more than 300k for that ring... maybe im just lucky, but if you want to overprice it and list it for millions your free to give it a try.
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Blizzard used to care about releasing Diablo III, then they all took an arrow in the knee...
I would value it between 500k-1m. While a solid tank ring, there exists rings with higher resist all. Some of the legendary rings can be rolled with much higher stats, and those go for significantly higher.
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How much is this ring worth?