Seven months before Bobby Knight was born, the Indiana University college basketball team captured the first of its five national championships, defeating Kansas, 60-42, in the title game in Kansas City. This terrific, 10 Karat gold, 5-point real diamond is the first we have seen. A basketball charm on top was set into the ring, which is newer while the charm on top is vintage to 1940. The face reads: "INDIANA HOOSIERS" with "1940 CHAMPIONS" on the basketball protruding from the center. Both sides read: "1940 NCAA NATIONAL CHAMPIONS." The three-tiered NCAA playoff structure meant the eventual national champion would only have to win three games. The 20-3 Hoosiers ousted Springfield (now a Division 3 program) and Duquesne to reach the championship game. NRMT condition. LOA.