Melchior knew his name has to mean something. When he confronted his father, he said his son's name was inspired by jewelry and, in particular, a material used for spoons and other cutlery pieces. Inspired to have heard that, Melchior developed a particiular interest in all bejeweled things, hence getting the nickname of a "Ring Maker".
He owned the most expensive jewelry collection in the country and paid fortunes to those who were trying to sell it. If he came across conmen, he wouldn't talk long with them before sending them to prison. He had quite an eye on things and jewelry in particular.
Never wanting to see a homeless person on the streets of his town, king Melchior also dedicated hips of his time to building new homes for the less fortunate. When he died, people grieved as if he was their family member.
And they brought tones of jewelry to his tomb, which is now not only the most visited, but the most expensive in his home country too.