I've been camping Ronn and doing this quest over and over to get this Band and the Ring of Pine. After 12 or more completions I finally got the band. No Ring yet though. I'm mostly getting Flasks of Water.
The band is a Wrist item. It has a lighting/lantern effect, lighting up the room and the local area. Pretty cool but not such great stats. Still, I'm going to wear it. I'm a level 46 Ranger.