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If we are going to speculate I may offer an alternative.
If I'm not mistaken, Finrod Felagund were said to have brought more riches out of Tirion than all the other elven princes put together. Maybe the Arkenstone, in this case quite possibly a work of Feanor, was a part of the Dwarves' payment for helping Felagund delve out Nargothrond?
(then again, would Feanor really give anything to Finrod, son of Finarfin, son of Indis?)
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