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Smuggler's Ring
Smuggler's Ring
Uncommon
Stealth +2
SleightOfHand +2
Charisma-1

Location - Smuggler's Ring
Act 1. The ring can be found in Risen Road, on the lower part, near the river on a skeleton:
The skeleton might be hard to see, so be on the lookout:
Here is a full video on how to reach this very early in the game (levels 2-3), if you are following the pickpocket guide:
Hope this helps!
Discussion
Looted off a skeleton. Head under the broken bridge that leads to the Risen Road and follow the riverside path until you find the skeleton laying in a bush