Void Ring

281,481 (Black Hole Band) + 319,616 (Gem of Eternal Density)+ 204,800 x 2 (Red Matter) = 1,010,697 EMC each.

By harnessing the power of the End, you are able to combine the powers of the Black Hole Band and the Gem of Eternal Density. To use the original functions of the Black Hole Band and the Gem of Eternal Density, simply place this item on your hotbar and press G, or place it inside an Alchemical Chest or Alchemy Bag. The new feature added by combining these two items is the ability to teleport(max range ~150 blocks)! To teleport, place the Void Ring on your hotbar, aim where you would like to teleport to, and press R. Both the original features and the new teleportation features of this ring are free to use. You cannot teleport while submerged in water.