Abdullah b. 'Abbas reported that Allah's Messenger (ﷺ) saw a person wearing a gold signet ring in his hand. He (the Holy Prophet) pulled it off and threw it away, saying
One of you is wishing live coal from Hell. and putting it on his hand. It was said to the person after Allah's Messenger (ﷺ) had left: Take your signet ring (of gold) and derive benefit out of it. whereupon he said: No, by Allah, I would never take it when Allah's Messenger (ﷺ) has thrown it away.