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Updated: May 6, 2025
Then he came out of the chamber; and Andvari again put his shoulder to the rock which lay at the entrance, and it swung back noiselessly to its place. "What is that upon thy finger?" suddenly cried Loki. "Wouldst keep back a part of the treasure? Give me the ring thou hast!"
And after the Dwarf had raged against him and defied him, he tormented him; at last, trembling with rage and with his face covered with tears, Andvari took Loki into his cavern, and, turning a rock aside, showed him the mass of gold and gems that was his hoard.
Andvari was a Dwarf who, in the early days, had gained for himself the greatest treasure in the nine worlds. So that he might guard this treasure unceasingly he changed himself into a fish into a pike and he swam in the water before the cave where the hoard was hidden. All in Asgard knew of the Dwarf and of the hoard he guarded.
So he thanked Andvari for his curses and his treasures; then, throwing the magic net upon his shoulder, he sprang again into the air, and was carried swiftly back to Hunaland; and, just before the dawn appeared in the east, he alighted at the door of the farmhouse where Odin and Hoenir still lay bound with thongs, and guarded by the watchful Fafnir and Regin.
But it was not until a long time after this, that he proposed to her that they should bring the Hoard of Andvari away from the Nibelungen Land. "For, if it were here, dear sister," he said, "it might be of great use to you." "Do whatever seems best to you," answered Kriemhild. "Only remember the oath that you have given me."
But when Reidmar looked at it he saw still one grey hair, and bade them cover that too, else the atonement was at an end. Then Odin drew forth the ring and laid it over the grey hair. So the Aesir was set free, but before they went, Loki repeated the curse which Andvari had laid upon the ring and gold. It soon began to work.
"Will you help me to win that which is rightfully mine, and to rid the world of a horrible evil?" "Why is the hoard of Andvari more thine than Fafnir's?" "He is a monster, and he keeps the treasure but to gloat upon its glittering richness. I will use it to make myself a name upon the earth. I will not hoard it away. But I am weak, and he is strong and terrible. Will you help me?"
Often now he went from Asgard, and his journeys were to look upon that wondrous treasure that had passed from the keeping of the Dwarf Andvari. It was Gulveig who had kept the imagination of that treasure within his mind. Now, when he came back and heard the whispers of what had been done, a rage flamed up within him.
The cunning fish tried hard to avoid being caught in its meshes; but, dart which way he would, he met the skilfully woven cords, and these drew themselves around him, and held him fast. Then Loki pulled the net up out of the water, and grasped the helpless fish in his right hand. But, lo! as he held the struggling creature high in the air, it was no longer a fish, but the cunning dwarf Andvari.
"I swear by the sparks of Muspelheim that I will bring thy net back to thee by tomorrow, O Queen of Ægir," Loki cried. Then Ran put into his hands the Magic Net. Back then he went to where the Dwarf, transformed, was guarding his wondrous hoard. Dark was the pool in which Andvari floated as a pike; dark it was, but to him it was all golden with the light of his wondrous treasure.
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