Sayyiduna Abdullah bin Umar (may Allah be pleased with them both) narrates: The Prophet Muhammad (peace and blessings be upon him) had a gold ring made. He placed its stone towards the palm of his hand. People also had gold rings made. One day, the Prophet Muhammad (peace and blessings be upon him) took it off. People also took off their rings. After that, the Prophet Muhammad (peace and blessings be upon him) had a silver ring made. He used it to seal (documents). He did not wear it.
Hadith Referenceصحیح ابن حبان / كتاب الزينة والتطييب / 5500
Hadith Gradingفضيلة الشيخ الإمام محمد ناصر الدين الألبانيصحيح - دون قوله: ولا يلبسه؛ فإنه شاذ - «النسائي» (5218).فضيلة الشيخ العلّامة شُعيب الأرناؤوطإسناده صحيح على شرط الشيخين