Enevhar Aldarion
Hero
Where are you getting any of that? From the DMG
Wearing and Wielding Items
Using a magic item’s properties might mean wearing or wielding it. A magic item meant to be worn must be donned in the intended fashion: boots go on the feet, gloves on the hands, hats and helmets on the head, and rings on the finger. Magic armor must be donned, a shield strapped to the arm, a cloak fastened about the shoulders. A weapon must be held in hand.
In most cases, a magic item that’s meant to be worn can fit a creature regardless of size or build.
It goes on from there to talk about wearing rings on tentacles, etc. You wear a ring. Therefore it can fit a creature regardless of size or build. If I'm missing something let me know, it wouldn't be the first time.
Well, guess what? I asked Crawford and he gave a great non-answer. He quote this line from DMG p140-141:
"When a nonhumanoid tries to wear an item, use your discretion as to whether the item functions as intended."
So if you as a DM say yes it can resize, or if I say no it cannot resize to just anything, then it is DM discretion and not house ruling it, because the rules do not specifically say yes or no.