The Glitched Turquoise Ring is a pretty rare ring that is frequently overrated. These are worth a lot of good Spikes if you're trying to get them. Clearly, this item is not a fashion statement because it literally looks like an eyeball plastered onto a ring. Regardless, this item is pretty rare and wanted for its rarity (this is why it's often overrated).
13-15 Long Spike Collars (good colours)
3 BETA Tiaras + Founder's Hat (or another rare like that)
3 BETA Blankets + another smaller rare
2 Headdresses (a little more)
Phantom Rug (a little less)
Glitched Tan Cupid Wings + another smaller rare
You can basically trade a mixture of these items and it'd still be worth it. Quantity-wise, this item is not extremely rare on Animal Jam, since I've seen so many people with these.