This came about as a solution to gloves and rings not playing well together. Every winter I have the same problem when we get dressed up and I'm wearing a nice ring (or even just my engagement ring). It's too cold to leave my hands uncovered and I don't want my rings just sitting in my purse or evening bag. And while I prefer mittens in the winter, they just don't look nearly as lovely as gloves for a nice evening out.
Super simple to make - I used wool felt and cut 3 pieces. One is 4" by 2 1/4". Two others are 2 1/4" by 2 1/4". Stack them up aligning three edges. Edgestitch all the way around. Trim with pinking shears. Add a buttonhole to the flap (or just cut a slit since it's felt and won't ravel). Sew on a button. Done.
You'll have a pouch with two compartments to store two rings so they won't scratch one another. It's small enough to slip into a tiny evening bag.
They go together fast enough that you have plenty of time to make some if you still need stocking stuffers for the holiday.
Fabulous jeweled ring from the private collection of Ellie MacGyver.