Telegrab.
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varrock, above the west bank
You can't pass the gate under Varrock west bank as it is locked. If you have a magic level of 33 or higher you can cast telegrab on some of the items in there. The ruby ring cannot be grabbed using telegrab and most other items are not of much value.
Check the Grand Exchange in northwest Varrock, you can find most items there. Also you can buy a ring mould in Rimmington, which is south of Falador and West of Port Sarim.
On September 17, 2009, Jagex moved the Air Alter closer to Varrock. It's just west of Gertrude's house and east of the bridge to the Barbarian Village, right off the path to the Barbarian Village. Much easier to find and still close to the west Varrock bank.
Since Runescape is a game, it doesn't really matter whether it was stolen or not. The price remains the same either way.I suggest you sell at the Grand Exchange, located at Varrock. When you're at the Varrock west bank, head north. You'll get there.