Pretty much the same as a gold one of similar size...This would be important to know...how big was it? A tiny 2gr or a larger 4? either way like Trojdor stated, its gonna be a tough thing to find, so call her back for more details...for instance, I'd want to know what hand she was wearing it on? I'm assuming her left, but you should ask...also, when did she notice it was missing? On the way up or down? Anything else? Yes, did she drop off to the side of the trail to relieve herself, pick up a pinecone, or anything like that? Any distinguishing features of the trail that she remembers? Hell, it could be right where their car was parked, so ask that too...
One other thing, hunting for a "think I lost" ring can be a fools errand...so I ask a lot of questions, but the answers may not be accurate.
I hunted for a ring a few winters back the Woman SWORE she lost at the local sledding hill taking her gloves off in one small area to take pictures of her kids...I combed that whole damn hill for days, sub zero and windy at 5am....a few months later, when all the snow thawed, she found it out on her front walk at home!
Still, its an adventure, so you gotta try, you will never find it by not trying...who knows? Good Luck!
Mud