While Samsung routinely offers significant discounts on some of its best products, price cuts for its first smart ring are few and far between. However, last week saw the company slash the price of the Galaxy Ring by a cool $100 for the first time in a while.

This is a limited time deal and the clock's ticking, so if you've been on the fence about splurging $399 on the device, it's a chance to pick one up for just $299.

The Galaxy Ring is Samsung's first smart ring. It blends the best of Samsung's health and fitness tracking tech into a versatile form factor that's comfortable to wear and doesn't require as much upkeep as a smartwatch.

Samsung normally charges $399 for the Galaxy Ring and it's rarely discounted. The company does offer trade-in options so you can get rid of an old phone and save a bit of money on the device. This deal is good because it offers a straight up discount on the smart ring, no trade-in required.

For a limited time, customers who buy the Galaxy Ring from Samsung's website can save $100 on the smart ring without any trade-in. The move follows similar discounts from other retailers so Samsung has matched their offerings by implementing a price cut on its online store.

Such deals are typically offered for a couple of weeks and seeing as how we're already a week into it, it be only be a matter of a few days before the deal runs out. So if buying the Galaxy Ring has been on your to-do list this year, you may not have a better chance than right now to pick one up at a significant discount.