Perhaps also once they relized that Sauron was trying to control them through the rings, they didn't want any more. For Sauron's ring, it drained a lot of his power, the elven rings probebly drained the Celebrimbor's power to some extend as well. He could probebly only make so many rings before there wasn't anything left for him to use.
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"Wake up! Wake up! Wake up, sleepies, we must go, yes, we must go at once."
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