Icy ring

>examine icy
The ring, covered by a thinning layer of ice, is made of a silvery metal and
elegantly engraved. While many of the details of the engraving are not
distinguishable beneath the ice, a faint picture of an elven warrior bowing
before his king is visible. The ice still consists of several layers all
uniformly covering the ring, except the top layer which shows some irregular
signs of melting.^*

>consider icy
It is an icy ring.
It radiates a magical aura.
It weighs a couple of ounces.

Other

Although somewhat difficult to attain, icy rings are not terribly powerful and certainly not of vital importance to any character. It is said they give the wearer some protection against (some) fire, though the actual protection benefits are somewhat limited, making this a mostly 'nifty to have' item, rather than an essential.

^*This last sentence of the description indicates the 'damage' the ring has taken, the line in this particular description shows that the ring in question has taken the first step down to dissolving - much like weapons and armour go from flawless to well-maintained.