The new study asserts that Earth's ring formed around 466 million years ago, and stuck around for around 40 million years before dissipating. Researchers say that the existence of such a ring would help solve several puzzles from Earth's past and that much of the data they collected supports its existence.

"Over millions of years, material from this ring gradually fell to Earth, creating the spike in meteorite impacts," said researcher Andy Tomkins.

“Over millions of years, material from this ring gradually fell to Earth, creating the spike in meteorite impacts observed in the geological record,” said Tomkins in a statement that accompanied the paper’s release. “We … see that layers in sedimentary rocks from this period contain extraordinary amounts of meteorite debris.”