https://wccftech.com/elden-ring-creator-explains-why-there-are-no-rings-and-why-he-wont-play-it-says-the-game-is-varied/

Elden Ring is now officially less than two months away from its February 25th, 2022 release date. As part of the obligatory hype machine, creator and FromSoftware president Hidetaka Miyazaki was interviewed by EDGE magazine (issue 367). Miyazaki-san answered several questions, including why there are no rings that players can actually wear in Elden Ring.

There are a couple of reasons for this choice. The first is that, yes, we explored rings as equippable items a lot in our previous games — Dark Souls, particularly — and so talismans this time allowed us to approach those ideas in a different way, with a greater variety of designs. And the second reason is that, of course, rings do exist as physical 'finger rings' in this game, but more as unique items that are involved in the story and unique character events. So we wanted them to have a special positioning within the world of Elden Ring and also to be something different from a design standpoint in relation to the talismans.