A few months ago, when Samsung unveiled its foldable devices at the Galaxy Unpacked event, rumour had it that the South Korean tech giant was preparing to unveil its first smart ring. Dubbed 'Galaxy Ring', a report from the South Korean publication The Elec hinted that Samsung might go with circuit boards from Japan's Meiko. Now, a new report suggests that the company might push the launch date to sometime in the third quarter of 2024 or early 2025. Similar to a fitness tracker, a smart ring should be able to do everything a normal fitness tracker can like heart rate monitoring, sleep tracking, step tracking and recording workouts without a display. The report also suggested that the new wearable is in advanced stages of development and will be available in 4 different sizes depending on a person's finger thickness. Samsung might also be working with component suppliers like 'Doosung Tech' and 'Korea Seongjeon' to procure different parts for the Galaxy Ring. The publication says if Samsung wants to launch the smart ring with medical certification like the Galaxy Watch, the tech giant might have to push back the launch date since product development requires 7-8 months and medical approval takes around a year more. If we take a look at some of the existing smart rings in the market like the recently launched Noise Luna or the more expensive Oura Ring, the Galaxy Ring might offer features similar to fitness trackers like heart rate monitoring, sleep tracking, blood oxygen levels, step count and workout detection.