While the term is comparatively new, the notion of wearing a right-hand ring to signify the economic independence of a woman traces back to cocktail rings of the era of alcohol prohibition.     During the 1920’s period, women would wear colorful and oversized rings they had bought to partake in underground drinking to mark their economic freedom. Today, wearing such type of a ring is a way of making sure that it is not to be confused with a diamond engagement ring or a wedding band. You can also find right-hand rings diamond much smaller in comparison to those on an engagement ring. Often, the purchase of a right-hand ring is significant, as women may invest in it to mark a birth anniversary, a career or professional achievement, or even a divorce. Usually, an engagement ring is worn on the ring finger of the left hand. People change the ring to the right hand after divorce in order to signify that they have moved on from their past life.