David Rachal, a Jacksonville, Fla., home-school student, recently spent $390 on his white-gold ring; he had Jostens inlay cubic zirconia where the school name would ordinarily go. “A lot of my friends who go to public school have class rings, and I wanted to show that I worked just as hard to graduate,” he says. “It’s a symbol of accomplishment.” And, like every other high-school ring, it’ll probably land in his sock drawer as soon as he gets to college.