Summary
There is a truly awe-inspiring amount of build diversity available inThe Elder Scrolls 4: Oblivion Remastered, and the ability to individually enchant every single weapon and piece of gear that you have equipped is responsible for a large portion of that build diversity.
Jewelry is just one aspect of your gear thatyou can enchant, and is separate from your weapons and your armor. You can have three different pieces of jewelry on at the same time, one amulet, and two rings. This allows for quite a bit of enchantment flexibility, especially when added to your armor and weapons.

8Water Breathing
This Ring Has Gills
Enchanting jewelry gives you the chance to support what your gear and armor enchantments are meant to accomplish, but because jewelry is so light, it also gives you the opportunity tobring along some fun and useful extra effectsthat you wouldn’t otherwise be capable of.
Water Breathingis one of those quality-of-life enchantments:it allows you to stay underwater indefinitely. There are certain sections of the game where this would be particularly useful, where you would otherwise need a spell or be an Argonian to accomplish what you need to do.

7Water Walking
Enchantment, Or Miracle?
Water Walking is another water-centric enchantment ability that can be a fun, and occasionally useful, addition to your jewelry. There isa lot of creative potential with this enchantment, aside from just being able to avoid attacks and traverse across water-areas quicker.
This alsoallows you to walk on the surface of lava. Importantly, you will still take damage, but walking across lava is much quicker than swimming through it, allowing you to reach areas that otherwise would have been much more difficult to reach.

6Detect Life
You Can’t Hide From Me
Detect Life is a spell that’s much more useful than it might seem at first glance, but oftentimes, you won’t think to use it in situations whereit could be surprisingly beneficial. But, if you’re wearing a ring or an amulet with this enchantment, it’s always going to be active.
you may control how far you Detect Life when you enchant your item, allowing you to see as far or as little around your character as you’d prefer. This can help you avoid ambushes,find characters that happen to be invisible, and plan out attacks beforehand.

5Dispel
Your Magic Won’t Work On Me
This won’t make you entirely magic-proof, but Dispel willprevent any magical effect from applying to you that has a duration. That means instant effects will still resolve, but effects that happen over time will not.
Enemies won’t be able to debuff you with spells, light you on fire with spells, or otherwise hinder you with spellwork. This does alsoprevent you from positively affecting yourself with spells too, so be sure you aren’t relying on spellwork as a buff before you put this on.

4Fortify
This Ring Makes Me Buff
Fortify comes in a lot of flavors, fromthe ability to Fortify any of your Attributes,like Strength, Intelligence, Speed, and so on, to allowing you to Fortify things likeHealth and Magicka. It acts as a buff to these stats, essentially giving your character an addition to their value as long as it’s equipped.
This is going tolook a little different for each character, and what buff they would like to add. AFortify Strengthring is going to increase your carry capacity, as well as your damage withheavy melee weapons, while aFortify Magickaamulet is going to give you a larger Magicka pool to work with.

3Chameleon
Like The One Ring, Except Less Evil
Chameleonis an effect thatmakes your character much harder to see; values under 100 percent make you difficult to see, while 100 percent makes you nigh-on invisible. This isn’t going to entirely prevent detection, others will still be able to hear you, but it is a great addition to astealth build.
You can go light with this effect if you just want it to compliment an already effective stealth character, or you canstackChameleoneffects on a character that doesn’t have stealth, and enjoy the benefits of it when it’s needed.

2Light
A Tiny, Bright Friend
For players who play with a brightness setting that leaves everything crystal clear, this enchantment is not going to be of any value. But for anyone who has their brightness setting tuned to wherenighttime, caves, and unlit interiors are actually somewhat dark, read on.
Light is going tospawn a tiny ball of light that lights up the area immediately around you. you may shrink or expand that area by tweaking the enchantment when you apply it, and a ring or an amulet is a perfect item to use this small, but beneficial, enchantment on.
1Night-Eye
Stick To The Shadows
Night-Eye has a similar thought process to Light, but for a very different reason. While Light spawns an orb of light illuminating things for all to see, Night-Eyeallows you to see in the dark, without illuminating that darkness for anybody else.
For a stealth character, this is a great benefit. It allows you to stick in the dark areas where enemies will have more trouble spotting you, without suffering any problems in that darkness yourself. Combined with something likeChameleon, and you’ll have a character that’s simply a rumor to the rest of Cyrodil.