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He found a great armring and his put it around his arm. On the top of the armring there was a small fingerring with a rune graved upon it. Sigurd put it on his finger. And this was the ring that Andvari the Dwarf had put the curse upon when Loki had taken the hoard from him. He knew that no one would cross the Heath and come to Fafnir's lair, so he did not fear to leave the treasure unguarded.
Again Sindri said magic words over the gold that was being smelted in the fire. He took it out of the glow and worked it over on the main-anvil. Then in a while he showed Brock something that looked like the circle of their sun. "A splendid armring, my brother," he said. "An armring for a God's right arm. And this ring has hidden wonders.
And when she heard of the great hoard that was his she had greater wish and will that he should be one with the Nibelungs. She looked on the helmet of gold and on the great armring that he wore, and she made it her heart's purpose that Sigurd should wed with Gudrun, her daughter. But neither Sigurd nor the maiden Gudrun knew of Grimhild's resolve.
To Frey, who was Chief of the Vanir, Brock gave the wondrous boar. Then the attending Dwarfs showed the armring that was as bright as the circle of the Sun. All admired the noble ring. And when it was told how every ninth night this ring dropped eight rings of gold that were like itself, the Dwellers in Asgard spoke aloud, all saying that Draupnir, the Ring of Increase, was a wonder indeed.
Every ninth night eight rings like itself will drop from this armring, for this is Draupnir, the Ring of Increase." "To Odin, the Father of the Gods, the ring shall be given," said Brock. "And Odin will have to declare that nothing so wonderful or so profitable to the Gods was ever brought into Asgard. O Loki, cunning Loki, I shall have thy head in spite of thy tricks."
Hearing their voices raised, Brock looked triumphantly at Loki who was standing there with his lips drawn closely together. To Odin, the Father of the Gods, Brock gave the noble armring. Then he commanded the attending Dwarfs to lay before Thor the hammer Miölnir. Thor took the hammer up and swung it around his head. As he did so he uttered a great cry.
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