Aligned sentence by sentence
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As for the Rabbanites, their statements clearly stipulate the prohibition of wearing a ring on the Sabbath, even while their actions are like the actions of the rest of the community who violate this, since all of them entirely wear rings, and one may see children of a group of the community in synagogues wearing ornaments and none disavows this. And the majority of our companions in this period forbid wearing a ring and when you ask them regarding the proof for this, some of them say it is not clothing. And when you challenge them with shoes they do not find in this a distinction and are silenced.
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And one of them already rejected this and argued that wearing shoes is not permitted on the Sabbath and one of them argued that wearing a ring is not permitted on the Sabbath only because it is not something that is required on the Sabbath, and this idea obligates shoes in the same way. Moreover, say “what do you say regarding one who wears two shirts for beauty?” And he will say “it is permitted.” Say to him “like this, wearing a ring is for beauty.” They do not know what to say, indeed even this requires them to wear any clothing on the Sabbath which is not required. And one of them argues that wearing a ring is not permitted on the Sabbath only because when a person washes their hands, they wash the ring with them, and washing tools is forbidden on the Sabbath. And say to him “is it not the case that when one wants to wash their legs they remove their shoes and wash their legs? Thus permit wearing a ring and obligate one who wants to wash his hands to remove the ring and then wash.” And until this time, none of them has decisive proof for their prohibition, however withholding from wearing it is preferable according to what we preceded of the things for which there is disagreement especially with regards to things in which withholding from it there is no effort or strain.