Ring-removal is a dreaded problem in pediatric hand and finger injuries. Removal can be difficult and time consuming. The relatively recent introduction of Tungsten into the jewelry market has further complicated this problem:
However, it is:
This video explains how. Of course, this works on adults as well.
http://www.youtube.com/watch?v=poM423pewRE
I have no relationship with the copany which made this video - it was simply chosen for its clear explanation of the solution described in this pearl.