Ring of wealth

A Ring of wealth can be made by enchanting a Dragonstone ring with the spell Enchant Level 5 Jewellery, which takes a Magic level of 68 to cast. The ring of wealth increases the chance of its wearer getting rare or good item drops from monster drops.

While Jagex does not often give out details, it was stated in one issue of the God Letters called Guthix Ponders that monster drops are determined by a random spin on a "wheel". When you kill a monster, it rolls the first "wheel." If it lands on "rare item," it rolls another wheel that determines what rare item it will be. The Ring of wealth increases the chance of getting a better (more valuable) rare. For example, if a monster drops a Bronze platebody and a Steel sword and the Ring of wealth is equipped, then it would most likely be the Steel sword.

The ring of wealth may be of interest to summoners, since it increases the chances to get rarer and more potent charms.

Misc.

 * The Ring of wealth does increase the chance of getting a clue scroll from any monster (this has been confirmed multiple times), and it does increase the chance of getting a more valuable item at the end of the Treasure Trail or from the Barrows minigame.
 * Contrary to popular belief, the Ring of Wealth does affect drops while LootShare is on. The chances of getting a drop increases every time someone else in a clan gets a drop.
 * Ring of wealth DOES increase your PvP drop.
 * Also, the Ring of wealth has been rumoured to actually lower the chances of getting a clue scroll. This is not true.
 * It is also rumoured that the ring is glitched and it gives you worse drops. However, this is not true, as it may significantly improve profits from combat. Therefore, the current price of 10k may be undervalued.
 * Players say that the Ring of wealth decreases your chance of getting a Defender from the Warriors' Guild. This is not true - it does not affect the chance of getting the drop at all.