The Jeweled Signet of Melandrus is an item that drops from Court of Stars, a Legion dungeon. This ring was very powerful for melee classes as it gave 10% bonus damage to auto-attacks. Since Legion ended, Blizzard added a tag to the effect, preventing it from being used for characters level 50 or above.
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In the latest Patch 9.1.5 PTR build, we've confirmed that the Jeweled Signet of Melandrus auto attack ring has been reworked, with the effect now working at max level.