Most mobster don't wear flashy pinkie rings for the same reason rappers don't wear huge gold chains with larege timepieces affixed to them. (Unless you're a hipster)
That kinda outlandish jewelry accessory was realy only fashionably in the Pre-Gotti era because it was a symptom "disco dandyism"
It's the same reason that mobster don't wear leisure suits anymore. Simply went out of style.
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Random Poster:"I'm sorry I didn't go to an Ivy-league school like you"
"Ah I actually I didn't. It's a nickname the feds gave the Genovese Family."