How many different words are there for 'wear'? What is the difference in usage?
In short: clothes (other than socks) - לבש, jewelry - ענד, types of shoes - נעל, socks - גרב, hats - חבש, glasses - הרכיב.
Oned is quite formal, but Lovesh dosn't sound very good here.
The informal way can be - שם טבעת / הולך עם טבעת
The root is ט-ב-ע, which has several meanings. The one relevant for טבעת is 'to imprint' - since one of the early uses of rings was as a seal. Another related noun is מטבע - a coin.