The diamond-fitted ring was gifted to the woman by her mother-in-law and was worth Rs 5 lakh at current market value of the stone.
According to an officer of Gariahat police station, the complaint was received from the woman, who owns a saree shop, around 7 pm.
The woman had a family get together in the morning where along with other family members, her maid servant Seema Sardar was also present.
Incidentally, a green police associated with Gariahat police station, who resides nearby was asked to locate the residence of Kartik Sardar.
"The woman had planned to sell the ring off on Tuesday morning to some people in her locality, who purchase such stolen articles," an officer said.
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