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Iridium is a stable metal that chemically unreactive, like platinum and gold. Iridium is the most resistant to oxidation of all metals. It can be used is as a hardening agent in alloys with Platinum and Osmium. Sometimes used in medical therapies e.g. treating prostate cancer by radiation therapy.
An iridium ring is a piece of jewelry that is made out of the precious metal iridium and worn around the finger. Iridium is one of the platinum metals. It's rare and expensive because it's the most corrosion-resistant metal on the planet and is far harder to melt than gold.