if you are wearing an engagement or even marriage ring, you loose it as soon as you have something in your hand. Even many clothes need the hand for some accessoires.
And if you forget to put it on again .... there could someone be mad at you
So my suggestion would be : have two additional points to attach rings .. left and right ring finger
... it would save a lot of work and you wouldn't need to open your inventory each time and look for the ring, which even could increase network performance as it's one database access which wouldn't happen that way.
and as rings are a really commen part of jewelry a lot of people are used to wear, it would make sens to do so

yours
M4TT