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You have noted the rash to be recurrent and usually involves the area beneath the ring.
Differentials for lesions involving the fingers are dishydrosis, dishydrotic eczema,herpetic whitlow and fungal infections.A contact dermatitis may also be likely.
I suggest that you refrain from wearing the ring for a certain time. The rash seems to improve once the ring is removed. An eczema and contact dermatitis are usually recurrent and by what you have posted are usually relieved when the triggering factor has been eliminated.It is possible that you have developed a hypersensitivity reaction to the ring. Also continue keeping the area clean and dry.A light and bland cream may be used to moisturize the area to avoid irritation due to excessive dryness.
Have your primary physician see this so that an initial assessment be made.
Hope this helps.