Based on the information provided, 'The Ruby Ring' does not contain any identifiable LGBTQ+ characters or themes. Therefore, an evaluation of its portrayal cannot be conducted.

The film 'The Ruby Ring (1997)' does not feature any identifiable transsexual characters or themes. Its narrative focuses on a young woman's journey with three wishes to find love and happiness, without any elements related to transgender identity.

The film does not feature any scenes where a female character engages in and wins close-quarters physical combat against one or more male opponents. The narrative focuses on a young girl's magical adventure rather than direct physical confrontations.

The 1997 film "The Ruby Ring" is an adaptation of Jonathan Gathorne-Hardy's novel. There is no evidence of any major character from the source material having their gender changed in the film adaptation.

There is no evidence that any character in "The Ruby Ring" (1997) was canonically, historically, or widely established as one race in its source material and then portrayed as a different race in the film adaptation. The film does not contain any race swaps.