AEW Dynamite Diamond Ring

The AEW Dynamite Diamond Ring is a men's professional wrestling championship ring awarded annually by the American promotion All Elite Wrestling (AEW). Introduced in 2019, it is named after AEW's flagship weekly television program, Dynamite. The ring is awarded to the winner of the Dynamite Diamond Final, a singles match with either one or both participants determined by the Dynamite Diamond Battle Royale, a 12-man over the top rope battle royal. The inaugural winner of the Dynamite Diamond Ring was MJF, who won it for six consecutive years (2019–2024). The 2025 ring winner is Bandido, the first wrestler other than MJF to win it, defeating Ricochet at Dynamite on 34th Street on December 24, 2025 (taped December 20).

From its inception until 2021, the Dynamite Diamond Battle Royale ended when two participants were left in the wrestling ring and those two wrestlers would then face each other in the Dynamite Diamond Final for the championship ring. In 2022, as MJF had been the only ring winner since its inception, he received a bye in the battle royal, which only had one winner who then challenged MJF for the ring; MJF retained and this was again the format in 2023 where he retained again. In 2024, the battle royal returned to having two winners who then faced each other for the right to challenge MJF for the ring, who retained for a final time. For 2025, MJF was excluded with the battle royal returning to its original rules but with the addition that the ring winner would also earn a future AEW World Championship match. The event typically takes place towards the end of the year, with the Dynamite Diamond Battle Royale held as part of Dynamite, with the Dynamite Diamond Final occurring either on the following week's episode or at the next big event, such as a pay-per-view.

The American professional wrestling promotion All Elite Wrestling (AEW) was founded in January 2019 and its flagship weekly television program, Dynamite, began airing later that year in October. A month after the program's launch, AEW established the Dynamite Dozen Battle Royal and the Dynamite Diamond Ring for male wrestlers, both taking their respective namesake from the show. The Dynamite Dozen Battle Royal—renamed Dynamite Diamond Battle Royale in 2020—was originally established as a 12-man battle royal that ended when there were two wrestlers remaining in the ring. Those two wrestlers would then face each other the following week in the Dynamite Diamond Final, a singles match for the Dynamite Diamond Ring. The original championship ring was valued at US$42,000. The ring was redesigned in 2021, with a new net worth of US$150,000.

The inaugural battle royal and championship ring final took place in November 2019, and then from 2020 to 2022, they were held in December to coincide with the annual Winter Is Coming television special of Dynamite. The matches then moved up to October in 2023. In 2024, the battle royal returned to coincide with Winter Is Coming, which also had a semi-final, with the final happening at the Worlds End pay-per-view event at the end of the month, while in 2025, the battle royal and final coincided with December's Holiday Bash and Dynamite on 34th Street specials, respectively.

The inaugural winner of the Dynamite Diamond Ring was MJF, who was presented the ring by wrestling veteran Diamond Dallas Page. MJF won the ring a record six times, winning it every year since its inception from 2019 until 2024—from 2022 to 2024, he received a bye in the battle royal and instead defended the ring against the battle royal winner. In 2025, MJF was excluded, with Bandido becoming only the second wrestler to win the ring.

In a standard battle royal, all participants begin in the wrestling ring and the objective is to eliminate all other opponents by throwing them over the top rope with both feet touching the ground floor and the winner is the last wrestler remaining. As of December 2025^[update], the rules of the Dynamite Diamond Battle Royale are that 12 wrestlers compete in a standard battle royal, but it ends when there are two wrestlers remaining. The co-winners then face each other in the Dynamite Diamond Final for the AEW Dynamite Diamond Ring and a future AEW World Championship match. As the Dynamite Diamond Ring is not like a standard professional wrestling championship, the winner of the championship ring holds it until the following year's battle royal.

The inaugural match, originally called the Dynamite Dozen Battle Royal, was held on the November 20, 2019, episode of Dynamite, where Adam Page and MJF were the cowinners. MJF then defeated Page in the Dynamite Diamond Final on the following week's episode of Dynamite to win the inaugural AEW Dynamite Diamond Ring.

The second annual battle royal, which renamed it as the Dynamite Diamond Battle Royale, occurred at the inaugural Winter Is Coming special of Dynamite on December 2, 2020. MJF and Orange Cassidy were the co-winners. They faced each other on the following week's episode of Dynamite, where MJF defeated Cassidy to win the AEW Dynamite Diamond Ring for the second time.