Schindler's List

Why does Schindler drop the ring?

Can anyone please explain the significance of this? It doesn't sseem needed or significant on it's own.
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Schindler drops the ring because he is so moved by the gesture.... and is deeply saddened by the fact that he didn't do more. On the ring is inscribed a Talmud expression: "Whoever saves one life saves the world entire." When leaving, he grabs Stern's hands and whispers to him that he could have gotten more Jews out of Plaszow. Stern shakes his head and tells him that there are 1,100 people alive because of him. Schindler gets upset, realizing that if he had just sold his pin or his car, that he could've saved more lives. His Jewish workers comfort him by surrounding him and embracing him. The workers watch as Schindler's car exits through the factory gates.

Source(s)

http://www.gradesaver.com/schindlers-list/study-guide/summary-scenes-36-to-39--end-of-the-warschindlers-grave