The meaning of Ring in the Bible
(From Easton's Bible Dictionary)

Used as an ornament to decorate the fingers, arms, wrists, and also the ears and the nose. Rings were used as a signet (Genesis 38:18). They were given as a token of investment with authority (Genesis 41:42; Esther 3:8-10; 8:2), and of favour and dignity (Luke 15:22). They were generally worn by rich men (James 2:2). They are mentioned by Isiah (3:21) among the adornments of Hebrew women.

See more on the meaning of Ring in the Bible:
Ring {International Standard Bible Encyclopedia}

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