A decorated strip of coated, heat-shrinkable, plastic sheet material is placed on a mold comprising a cylindrical mold body, and attachment means, preferably in the form of two parallel pins extending toward the cylindrical mold body from a pin-supporting wall, and with their ends remote from the wall spaced a short distance from the cylindrical mold body. Holes adjacent the ends of the strip are engaged with the pins. Upon heating in an oven, the strip shrinks, forming a resiliently expansible finger ring, which can be removed from the mold by disengagement from the pins.