The Los Angeles Lakers are indeed one of the most regal franchises in the league, and they certainly deserve a lavish championship ring that fits that status.

The Lakers received their well-deserved jewelry on opening night on Tuesday, prior to tip-off of their match against the Los Angeles Clippers at Staples Center.

Here's a closer look at that ring to commemorate the franchise's 17th NBA title.

Per Mark Medina of USA Today, the Lakers' 2019-20 NBA championship ring was designed by Jason of Beverly Hills, California. The extravagant championship hardware has a total of 804 stones and 15.50 carats of white and yellow diamonds.

To top it off, the ring also has .95 carats of Laker purple amethyst stones, which signifies the 95 days the team spent in the bubble. The .52 carats of yellow diamonds, meanwhile, represents the team's 52-regular season wins, which was good for first place in the Western Conference.

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The Lakers' logo is also emblazoned at the center of the ring surrounded by 17 purple amethyst stones to commemorate the franchise's 17 Larry O'Brien trophies. Each ring is personalized for every player, displaying their jersey number and last name. All the player numbers from last season are engraved as well.

But perhaps the ring's most unique design is the Black Mamba snake logo, which pays homage to the late legendary team icon Kobe Bryant. The five-time champion passed away in a tragic helicopter crash last January and was a big inspiration for the team throughout their championship conquest.

While teams usually spare no expense when it comes to these rings, the Lakers definitely went overboard on this one. It is now considered the highest carat weight and the most expensive ring in NBA championship history.