Pope Francis’ renowned gold signet ring, worn on his right hand,

is set to be destroyed following his passing at the age of 88.

Born Jorge Mario Bergoglio in Buenos Aires, Pope Francis passed away at

7:35 AM local time on Easter Monday (April 21) in his modest Vatican quarters.

iTrue to his humble nature, the pope had famously opted against the traditional papal residence,

forgoing the grandeur of the Apostolic Palace upon his election in 2013.

The cause of death was confirmed as a cerebral stroke, which led to a coma and irreversible heart failure.

As the Catholic Church moves forward with funeral arrangements and commemorative rites,

attention has turned to the iconic Fisherman’s Ring that Pope Francis wore during his papacy.

Estimated to be worth approximately $520,000, the true significance of the ring lies

far beyond its material value. As a symbol of the papacy, the signet

ring represents the pope’s authority within the Catholic Church.

Traditionally, the ring is gifted to a newly elected pope and destroyed following their death.

This ritual is carried out by the camerlengo (Cardinal), who, in this case, is Cardinal Kevin Farrell.