Item description interpretation: Wary Ring

[Iryani Calahan]

One of my PCs recently bought a Wary Ring. The first line in its description says that it functions as a ring of mind shielding, and can read script in any language. Does that mean that the wearer can also read any language, or just the ring?
For reference: http://www.d20pfsrd.com/magic-items/rings/ring-wary/

[Talonhawke]

I would say the ring, though the player could ask it to translate