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It is not permissible for men to wear gold, because of the hadeeth narrated by Abu Dawood (4075), al-Nasaa’i (5144) and Ibn Maajah (3595) narrated from ‘Ali ibn Abi Taalib (may Allah be pleased with him) that the Prophet (peace and blessings of Allah be upon him) took a piece of silk in his right hand and a piece of gold in his left and said: “These two are haraam for the males of my ummah.” Classed as saheeh by al-Albaani in Saheeh Abi Dawood.
It is permissible for a man to wear rings and watches that contain precious metals or stones – other than gold – such as diamonds because the basic principle is that they are permissible, and there is no evidence to suggest that that is not allowed.
It is permissible for a man to wear a ring of silver or other precious metals except for gold.