New AEW Dynamite Diamond Ring winner crowned

For the first-time in AEW’s history, fans witnessed a new Dynamite Diamond Ring winner get crowned tonight.

Last week, duringthe Dynamite Holiday Bash in Manchester, UK, Bandido and Ricochet won the Dynamite Diamond Ring battle royal when they remained the last two men standing. Earlier tonight, Bandido defeated Ricochet to win the 2025 Dynamite Diamond Ring on the December 24th episode of Dynamite on 34th Street.

The match’s final moments saw Gates of Agony (Bishop Kaun & Toa Liona) cause a distraction to help Ricochet, but it did not pay off as Bandido was able to counter it. Ricochet followed it up with a spirit gun to finish off Bandido, who managed to catch Ricochet in a crucifix pin for the victory.

The post-match segment saw Gates of Agony and Ricochet attack the new Dynamite Ring Winner before his tag-team partner, Brody King, came out to make the save.

Tonight’s win made Bandido the first person to win the Diamond Ring after MJF, who had won the ring in all of its editions since 2019. Bandido will next challenge the AEW World Champion for the title at AEW Dynamite Maximum Carnage on January 14, 2026.