The Messenger of Allah [SAW] put on a ring of gold, and he used to wear its stone (Fass) next to his palm. Then the people started to wear rings of gold. Then the Messenger of Allah [SAW] discarded it, and the people discarded their rings. Then he acquired a ring of silver with which he used to seal letters, but he did not wear it. (Using translation from Nasāʾī 5218)
«أَنَّ رَسُولَ اللهِ ﷺ اتَّخَذَ خَاتَمًا مِنْ ذَهَبٍ وَكَانَ يَجْعَلُ فَصَّهُ فِي بَاطِنِ كَفِّهِ فَاتَّخَذَ النَّاسُ خَوَاتِيمَ مِنْ ذَهَبٍ فَطَرَحَهُ رَسُولُ اللهِ ﷺ فَطَرَحَ النَّاسُ خَوَاتِيمَهُمْ وَاتَّخَذَ خَاتَمًا مِنْ فِضَّةٍ فَكَانَ يَخْتُمُ بِهِ وَلَا يَلْبَسُهُ»