no such file to load -- jruby-win32ole

I'm trying to execute the following code in ruby:

require 'win32ole'

bloomberg = WIN32OLE.new('Bloomberg.Data.1')

However, I am receiving the following error: !!!! Missing jruby-win32ole gem: jruby -S gem install jruby-win32ole LoadError: no such file to load -- jruby-win32ole

When I run the command through the command prompt window I receive the following error:

 irb(main):001:0> require 'win32ole'
 => true
 irb(main):002:0> WIN32OLE.new('Bloomberg.Data.1')
 WIN32OLERuntimeError: failed to create WIN32OLE object 
 from`Bloomberg.Data.1'
 HRESULT error code:0x80040154
  Class not registered

I did install the jruby-win32ole gem but am still receiving the same error. Does anyone have any guidance on this issue?