RED update thoughts and feedback

Can I clarify something about the ring? Will I lose the first ring if I accept the quest for the second ring? If I want to transfer the 2nd ring over to another character, while retaining the 1st ring on my new Paladin, does this mean I must make a 2nd Adventurer just for this purpose?

Hadriel

You don't lose the ring when you accept the quest, but you do lose it when you turn in the quest (at 130).
I don't know what happens if you don't have it in your inventory when turning in the quest.