The North Pole elves have a strict, yet fair ranking system that includes a set number of rings for each rank. The rings are made from the purest gold and set with a single diamond. Here is a list of the ranks and their corresponding rings:
1. Apprentice Elf (1 ring)
2. Journeyman Elf (2 rings)
3. Master Elf (3 rings)
4. Senior Master Elf (4 rings)
5. Workshop Master Elf (5 rings)