Stone of Jordan

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The Stone of Jordan (SoJ) was a unique ring found in Diablo II. It was the best of the three unique rings in D2C, and though it became less useful when more and better items were added in D2X, the SoJ was still useful for any caster class.


Unit of Currency

The larger significance of the Stone of Jordan was as a unit of currency. Since gold was basically worthless in Diablo II, players soon adopted other items as units of trade. Gems were traded at various times, but early on in the days of D2C, the SoJ became the default currency. Top quality items were priced in terms of how many SoJs they were worth, and this value led to massive duping of SoJs, which depressed prices and made it impossible for legitimate players to keep pace with the currency, since finding items was much slower than cheating/duping to create them.

See the economy article for much more detail about how Diablo III's economy will function and what items may become units of currency in the game.