Sahih Muslim | Book 24 | Hadith Number 5209

Narrated by Abdullah b. 'Abbas
Abdullah b. 'Abbas reported that Allah's Messenger (may peace be upon him) 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 (may peace be upon him) 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 (may peace be upon him) has thrown it away.