Nevermind I (think) I got it…
$args = array(
'post_type' => 'product',
'tax_query' => array(
'relation' => 'AND',
array(
'taxonomy' => 'product_cat',
'field' => 'slug',
'terms' => array( 'ring' ),
),
array(
'taxonomy' => 'product_tag',
'field' => 'slug',
'terms' => array( 'black', 'men' ),
'operator' => 'AND'
),
),
);
Missing the 'operator'
=> 'AND'
key value pair