The Magic ring is a magical silver diamond ring. It was hidden in Reznor's cave, but since the great creature's death it is now in storage.
The Magic ring can shoot energy and Fire from its diamond, and can let out a destructive explosion of Darkness out from its whole self. However, these powers can only be done if someone is wearing it, since it is not alive.
Because of this, the ring is sought out by many Pyromancers. Goldas Arenian eventually retrieved it from the late Renzor's cave, and put it into storage.