Lately, I'm feeling like I'd really like a big clunky stoned cocktail ring. What is a cocktail ring you ask, well according to Wisegeek and Wikipedia, the cocktail ring is a dramatic, large ring set with precious or semiprecious stones, worn at cocktail parties. "The cocktail ring was especially popular during US prohibition at illegal cocktail parties. Such a ring flaunted not only the fact that one was drinking illegally, but also that one was doing it with style."
Surprisingly enough, you don't have to spend a fortune to get a decent cocktail ring. What I mean by "decent" is NOT a ring that is "costume" jewelry. www.Ross-Simons.com is a great place to find reasonably priced jewelry, they often have 20% off sales too. Here are some examples (with sale prices - there is a sale now through March 9th).
10 carats Cognac Quartz in 14k $280
12 carats Smoky Quartz in 14k $468
9.45 carats Smoky Quartz with White Topaz in 14k $292
But, if there were no budget, I would definetly go for something like this (see below): Gucci 21 carat Smoky Quartz Horsebit Cocktail Ring in 18k $3390!

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