an intersting story, indeed.
I would have kept the ring, unless Elvis himself requested it back. One thing is certain, I wouldn't have handed it over to any MMM no matter how much intimidation they threw my way. I think E would have just laughed it off and bid the ring "adios" rather than ask for it back. It wasn't E's style to do so. The MM going after ring was more likely something they did on their own initiative.
Then again, I was just little kid at the time, ............. I probably would have put it in my pocket and ran ...................... HAHAHAHAHA!
It's probably for the best, because the ring would have probably been sold and changed hands a zillion times by now while all of the greedy bastards who call themselves fans cashed in.
...just a fan....