I once went down to my boat and saw diving activity going on at an
adjoining dock. Turns out we had a young newlywed couple living aboard
and the wife had lost her expensive wedding ring over the side. The
couple told me that hiring the divers was at no further risk to them
because they only required payment if they found the ring- which they
quickly did in 6 inched of muddy bottom using a type of underwater
metal detector.

Don't know if this type of arrangement is standard and if there is
equipment around to easily detect metal under water but might be worth
a shot. Others on the site may have more info.

Sorry I don't know the divers organization and the couple is long gone
from the area.
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