Let $R$ be a graded ring such that $R_0$ is a field and let $\frak{m}$ be the maximal ideal generated by all the elements of positive degree. Then, is it true that $R$ is a UFD iff $R_{\frak{m}}$ is a UFD?

If not, then what would be an example of $R_{\frak{m}}$ being a UFD, but $R$ NOT being a UFD?

It'll be nice if the counterexample, if there exists one, is of a ring which is a quotient of a polynomial ring in finitely many variables, over algebraically closed field.