Part 2 King Solomin: The ring served King Solomon as a signet ring, for sealing letters and decrees. But it was also the source of his supernatural powers. With it he was able to control the winds, and to fly about on a wind-borne carpet. It allowed him to communicate with animals (and even with flowers). But its most notable use involved the jinn. By means of his ring, Solomon could summon these otherworldly spirits and make them do his bidding. He could also exorcise them from possessed persons.
And one final description of the ring has come down to us. It is found in a Yiddish folk tale. The tale goes as follows:

King Solomon was sitting on his throne one morning, And he decided that Benaiah, the captain of the Palace Guard, needed a lesson in humility. So the king summoned Benaiah and gave him an impossible mission to fulfill. “I have heard rumors of a fabulous ring,” said Solomon. “It has a unique power.
Guess what was found in the tunnel fo fhe Vatican ? Yep, found again

Says it's in the Kabbalah and western occultism..