The Masonic Ring and the symbols on it is a probably the most recognizable emblem of the world's largest fraternity - The Freemasons.
Most commonly, the Masonic Ring has a symbol with a compass and square on the top. If the ring has a stone, it is typically either a blue spinel, synthetic ruby or black onyx. There are at least a couple of opinions as to whether the wearer of the Masonic Ring should wear the ring with the points of the compass either facing towards the wearer or away from them. The square is the symbol of all earthly, the compass is symbolic of heavenly perfection.
In a combined emblem:
 – The ends of the square point up as a symbol of man's aspirations toward God
 – The points of the compass point down to represent heavenly qualities coming down from God to earth.
It seems that the proper way to wear the Masonic Ring would be that in which its symbolism is best expressed - when the hand is held in its usual position the points of the compass are to the earth and away from the wearer's eyes. 
To wear the Masonic Ring, you must have achieved the degree of Master Mason.

Custom Blue Lodge ring - Masonic Skull ring, blue gemstone - Silver and Gold
Handmade Masonic ring - Gold or Silver; Masonic Lodge ring – Memento Mori Skull; Natural Di..
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Handmade Masonic ring - Gold or Silver; Signet ring A.F. A.M. – Boaz & Jachin; Custom m..
Custom Masonic Lodge ring - Memento Mori Skull - Silver and Gold
Handmade Masonic ring - Gold or Silver; Masonic Lodge ring – Memento Mori Skull; Custom mad..
Custom Masonic Ring - Black Onyx and Gemstones - Silver and Gold
Handmade Masonic ring - Gold or Silver; Masonic ring with gemstones - Black Onyx and two ..
Custom Masonic Ring - Black Onyx Gemstone, Square Faced - Silver and Gold
Handmade Masonic ring - Gold or Silver; Gemstone: Natural (the gemstone can be replaced with ..
Custom Masonic ring - Blue Lodge Masonic Ring Gemstone Vintage - Silver and Gold
Handmade Masonic ring - Gold or Silver; Natural Gemstone; Hand engraved ring; Purity vari..
Custom Masonic ring - Blue Lodge Masonic Ring Vintage - Silver and Gold
Handmade Masonic ring - Gold or Silver; Natural Gemstone; Hand engraved ring; Purity vari..
Custom Masonic Ring - Blue Lodge Square Faced Ring - Silver and Gold
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