By Mariana Dussan (staff@latinospost.com) | First Posted: Mar 07, 2013 07:47 PM EST

Hector "El Macho" Camacho was known for two things, his swiftness in the ring and his legendary bling.

Everywhere Camacho went so did his epic gold chain with the word "MACHO" hanging across his chest.

After his death on Nov. 24 of last year, the famous chain became a mystery and all his fans and the media were left wondering with the question "what happened to it?"

Back in January, the chain turned up in a New York pawn shop and according to the show "El Gordo y La Flaca" it was trade in for only $7,000. No one knew who pawned it then and for what reason.

Gelena Solano, the reporter tracking the story said that she spoke to the person that gifted the chain to Camacho. "In 1885 he bought it for $11,000 and so today, the value would be even greater," Solano said. "The chain is of great significance and whatever follower of Macho would pay whatever amount of money for it," she continued.

"I would pay double what that chain is worth and would give it to his children," a resident of Spanish Harlem, Camacho's old neighborhood, told Solano. "That chain has too much value."

She further explained that the chain was last seen during Camacho's vigils in Puerto Rico and New York. Maria Matias, mother of the deceased wore the chain to both events.

During a later January segment of "El Gordo y La Flaca," where Matias was present, she explained that the news of the supposed pawning was false.

"I don't know where [that news] came out of, I even cried when I heard it," she said on the show. "I have the chain because I am the mother. It is disrespectful that my son's chain is being mentioned. No one has to give their opinion about that chain because I have it."

However, this past Monday on the Puerto Rican show "Dando Candela" Matias surprisingly made a confession about the chain, Terra.com reported.

"I pawned it and what!" she said in a defiant tone. "What is anyone going to do?"

The boxer's mother went on to explain that she did it to buy him a tombstone.

It is decorated with "four beautiful gloves, his name and I added 'Mami loves you,'" the boxer's mother explained on the show.

El Macho Camacho died in Puerto Rico after being shot in the face, his remains were buried in Saint Raymond cemetery in the Bronx. According to "El Gordo y La Flaca" the headstone has not been put on the tomb yet.

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