Nothing like the GREAT set of lyrics you have posted: However, here is another version.

Vaudeville number with the double-entendre lyrics from Rosetta LP 1308.

Katie King she had a diamond ring
And it caused her lots of woe
Now who would be the lucky one to get it
Well all the boys wanted to know
Red Cap called on her one night
Saw the ring, he saw the ring and lost his head
But when he went to view it
He stuck his finger through it
And this is what she loudly said:

Man take your fingers off it
Now don't you try to touch it
Cause it don't belong to you
There's no need to crave it
Cause mama's gonna save it
For the man whose love is true
Boy try and find something like it
See if you won't fail
Papa you can't buy it cause it ain't for sale
Now take your fingers off it
And don't you dare to touch it
Cause it don't belong to you

I said take your fingers off it
And don't you dare to touch it
Cause it don't belong to you
Well there's no need to crave it
Cause mama's gonna save it
For the man whose love is true
Boy try and find something like it
See if you won't fail
Papa you can't buy it cause it ain't for sale
You gotta take your fingers off it
Man and don't you dare to touch it
Cause it don't belong to you
You hear me tellin' you man,
No it don't belong to you