There are three different rings that elves can wear in the North Pole Workshop. The first is the Ring of Craftsmanship, which is worn by those elves who have completed their training and are recognized as skilled craftsmen. The second is the Ring of Magic, which is worn by those elves who have completed the workshop's magic school and are recognized as spellcasters. The third is the Ring of Leadership, which is worn by those elves who have been appointed as leaders within the workshop. These elves wear these rings with pride and respect.