It Turns Out that Saruman had his Own Ring of Power: What Powers did It Possess and Where did It End Up?

Not everyone knows this story.
Saruman the White, the one who said "power is wisdom reconciled with will," is no longer just a wizard from the Brotherhood of Istar. He is a fallen angel of Middle-earth. But few remember that he had his own Ring of Power. Not the legendary one from the Second Age, but made later - in the secluded tower of Orthanc, to the sounds of furs, fire and envy.
It was envy of Gandalf, who secretly wore Narya - the Ring of Fire, received from Cirdan the Shipwright - that spurred Saruman to create his artifact. He could not bear that the Grey was entrusted with what the White coveted.
Tolkien does not specify what kind of power Saruman's ring possessed, but leaves clues: it strengthened his main gift - the voice, the very one that "no one could reject without an effort of will." He became a master of suggestion. Even the Witch King of the Nazgul did not doubt his words, and the voice did not come from his lips - it itself became an echo of magic.
Saruman didn't just create the ring - he created the illusion that he could bypass Sauron, snatch the One, and become the new master of Middle-earth. But, like Sauron once did, he lost. And yet the fate of his ring is a mystery. Was it destroyed along with his staff? Did it disappear with the fall of Mordor and the One Ring? Or did it survive - and await the one who finds it?
Saruman fell, but the dream of being the Lord of the Rings did not die. What if the ring is still lying somewhere, shimmering with a rainbow, like his mantle? After all, evil always returns.