I think I have found where to buy it!
WOW! I have been looking for this movie for ages and i think i may have finally found it.
http://www.vsom.com/productdetails.asp?ProductID=3467&ProcessType=0
I just typed the ruby ring on dvd into google (which i have done a thousand times) and this came up. It has the description and everything.
Just thought i would let everyone else know, hope its not a false alarm.