Butterfly ring. From $3600. Shown here in Palladium, sapphires and diamonds. Custom made in any precious metal set with diamonds and sapphire of any color. Butterflies, a symbol for the soul, transformation and new life. In so many cultures and throughout the ages, the butterfly is seen as the embodiment of a person’s soul. Aristotle gave the butterfly the name psyche, which means the soul, mind, spirit. The butterfly also symbolises new birth and transformation.