What became of the men's pinky ring?

Associated more with a Quentin Tarantino protagonist than a Victor Fleming lead the men's pinky ring was once a symbol of male elegance.

I'm trying to think back historically in order to understand how Peter Warne morphed into Ron Burgundy. The 1960s perhaps. Elegance became associated with money and money was associated with 'the man'. The lines were drawn and the styles defined.

Any of these looks could hold their own today. That is, of course, minus the pinky ring.