The Messenger of Allah (may Allah’s peace and blessings be upon him) had a gold ring made for himself
عن عبد الله بن عمر رضي الله عنهما «أن رسول الله - صلى الله عليه وسلم - اصْطَنَعَ خَاتَمًا من ذهب، فكان يجعل فَصَّهُ في باطن كَفِّهِ إذا لَبِسَهُ، فصنع الناس كذلك، ثم إنه جلس على المنبر فَنَزَعَهُ فقال: إني كنت أَلْبَسُ هذا الخَاتَمَ ، وأجعل فَصَّهُ من داخل، فرمى به ثم قال: والله لا أَلْبَسُهُ أبدا فَنَبَذَ الناس خَواتِيمَهُمْ». وفي لفظ «جعله في يده اليمنى».
Explanation
The Prophet (may Allah’s peace and blessings be upon him) had a gold ring made for him, and whenever he wore it, he would keep its stone toward the palm of his hand. The Companions followed suit. Then, after a while, the Prophet (may Allah’s peace and blessings be upon him) sat on the pulpit so that the people could see him. Then, he said: "I used to wear this ring and keep its stone toward the palm of my hand." He threw it away and said: "By Allah! I will never wear it."
This happened in the wake of the prohibition of gold for men. Upon seeing that, the Companions threw away their rings, following the Prophet’s example.
Source
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