Let
be a smooth Deligne–Mumford quotient stack. In a previous paper
we constructed a class of exotic products called
inertial products on
,
the Grothendieck group of vector bundles on the inertia stack
. In this paper
we develop a theory of Chern classes and compatible power operations for inertial products.
When
is diagonalizable these give rise to an augmented
-ring
structure on inertial K-theory.
One well-known inertial product is the
virtual product. Our
results show that for toric Deligne–Mumford stacks there is a
-ring
structure on inertial K-theory. As an example, we compute the
-ring
structure on the virtual K-theory of the weighted projective lines
and
. We prove that, after tensoring
with
, the augmentation
completion of this
-ring
is isomorphic as a
-ring
to the classical K-theory of the crepant resolutions of singularities of the coarse moduli spaces of the
cotangent bundles
and
,
respectively. We interpret this as a manifestation of mirror symmetry in the spirit of
the hyper-Kähler resolution conjecture.