This ring is for Olympic Athletes who placed 9th at the games. Reason being that iota is the ninth letter in the Greek Alphabet. It is fine time that a token of sorts should be given to the athletes for their extra ordinary diligence and effort.
The first Olympian to earn this virtual honor is Stein Nielsen from Denmark. She placed just below official qualification for the finals. Nonetheless she is sharp shooters to put many a man on the run.