I like this ring, though it’s details don’t seem to jive with the pseudo-Egyptian style of Zinj as shown later in the movie. Additionally, King Solomon was not even Egyptian, guys. Upon further reflection, I don’t think an average American moviegoer would even recognize any other African style… Still, it’s a nice prop, and a bit more practical than a log-sized laser. Probably more affordable, too. Something you could wear every day, as I’m sure Homolka does.
It’s worth noting, simply for the record, that the ‘eye’ design on the ring is hidden on the interior side of the revolving top part, and the usual visible side of this is a domed, polished, gold-tone gemstone of some sort, or possibly glass.
Additionally, this ring is associated with a small red book that Homolka has in his hands while watching Elliot’s Amy presentation at the college. It’s not entirely clear whether this is a normal book, or is hollowed-out inside as a hiding place for the ring. It’s possible that this book is in fact meant to be the book that Homolka mentions finding in Soviet Georgia which mentions Zinj and has the engraving with the eye motif.
Upon close inspection of the book, it is bound in tooled red leather in an Arabic style, with a flap, and does contain some kind of art inside; whether that is Arabic writing and calligraphy is not perfectly clear. However, if it is an Arabic book, then Homolka is holding it upside-down.