I stopped wearing mine last year. I have eczema and my fingers were getting beat up during the winter. In the past I have had welding spatter on it, etc.. until I started taking it off, luckily no serious injuries...
I haven't put it back on and have been much more comfortable without it. The wife only wears hers when going out (both work from home), so I think this will continue.
I thought of the silicone, but why bother. We have been married 16yrs, the ring isn't important at this point. My parents have been married 50+ and I have never seen my dad wear his ring.