Thorin continues his search for the Arkenstone, as he is oblivious to the fact that Bilbo has it. The dwarf tells his kin that it is ‘beyond price’ to him. The Arkenstone plays a part in Bilbo’s plan for peace-making. At night, the hobbit puts on the ring and goes to the camp of Bard and the Wood-elves’ king. He gives them the Arkenstone, so Bard has a way of negotiating with Thorin. Bilbo meets Gandalf on his path back to the Mountain, the wizard congratulates him on his actions.
Bard takes Bilbo’s given opportunity and shows Thorin the Arkenstone. Thorin assumes Bilbo gave it to him, and shows his anger toward the hobbit. Gandalf chooses that moment to show himself to the dwarves. Eventually, Thorin buys back the Arkenstone and promises
Bard takes Bilbo’s given opportunity and shows Thorin the Arkenstone. Thorin assumes Bilbo gave it to him, and shows his anger toward the hobbit. Gandalf chooses that moment to show himself to the dwarves. Eventually, Thorin buys back the Arkenstone and promises