The Gemless Ring is a common yet one-of-a-kind Miscellaneous Item that can be combined with the Ringless Gem. Primarily of use for bartering or sale to Traders.
A ring that looks to have been deprived of its gem.
Looted from the Refugee Corpse on the cliffs of northeastern RivingtonX: 46 Y: 66
Notes
Can be combined with the Ringless Gem sold by (or pickpocketed from) Ferg DrogherX: 45 Y: -98 in the Rivington refugee camp.
Combining the Gemless Ring and the Ringless Gem creates a Tarnished Ring. As of Hotfix #5, this item seems to have no purpose other than to be sold to Traders for a bit of extra gold.
Miscellaneous Items
Rarity: Common
Weight: 0.2 kg / 0.4 lb
Price: 1 gp 
sold by (or pickpocketed from) Ferg Drogher X: 45 Y: -98 in the Rivington refugee camp.
Tarnished Ring. As of Hotfix #5, this item seems to have no purpose other than to be sold to Traders for a bit of extra gold.