Might as well bundle the ring with the watch at that point, and increase the price accordingly, as it's then become an accessory particular to the pebble watch. And including a charging circuit means more complexity and bulk, also leading to an increase in price. And cost is a factor they're optimizing for.
That's my point exactly. This should have been a pebble accessory, not a standalone device that sends voice notes to your phone. If this device actually has a 2 year battery, if you'd remove the microphone and turn it into a "smart button" to trigger a watch action, the battery should easily last 4+ years.