An article of illuminated jewelry includes at least one light source, preferably comprising an LED, a housing preferably in a circumferential shape, and having a hollow core for placing at least one wire for supplying power from a battery to the light source for illuminating a decorative object. The housing also includes a battery compartment positioned at a predetermined distance from said light source for enclosing the battery. The invention relates generally to jewelry and more particularly to illuminated jewelry, including but not limited to rings, necklaces and bracelets. The article of illuminated jewelry may include, for example, the use of multiple batteries of different types, different placements and sizes of batteries (for brighter or longer illumination) as well as various alternative switch mechanisms. The one or more light sources can also generate different colors of light.