Does the weight loss toe ring really work?

Hi,  I was wondering if the Magnetic Toe Ring really helps you loose weight? I'm not sure if it works or not. So I don't want to waste my money on it. if you have used it, does it work for you? if so, how much did you loose & in what amount of time. & could you wear it as a hand ring? this is the ring's link: https://www.amazon.com/CAETLE-Silicone-Magnetic-Body-Weight/dp/B008U4BQNI Please give me your answers as soon as possible. Thank you