(VIENNA) - Human rights activist Bianca Jagger's 200,000-euro (295,000-dollar) ring which she lost last month in Salzburg has been recovered, local police said Friday.

Andreas Huber, head of the municipal police crime squad, said he had told the former wife of Rolling Stones frontman Mick Jagger that the ring had been found.

"She is very happy, while somewhat disappointed and hurt by media rumours of an insurance fraud," he said, adding that she had assured him the ring had not even been insured.

Jagger had reported the platinum-and-aquamarine ring, which she had designed herself, was lost in the street on August 22 while she was attending the annual Salzburg music festival.

Huber said it was found the same day by a local resident, who thought it was a key ring of little value and later gave it to a relative.

He only read of the ring's loss a few days later in an old newspaper, and asked the relative on Thursday to take it to the police.

Under Austrian law, the finder is entitled to a reward of five percent of the ring's value, or 10,000 euros.

Text and Picture Copyright 2008 AFP. All other Copyright 2008 EUbusiness Ltd. All rights reserved. This material is intended solely for personal use. Any other reproduction, publication or redistribution of this material without the written agreement of the copyright owner is strictly forbidden and any breach of copyright will be considered actionable.