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Mellon spoke: [But perhaps I just really want them to be one and the same.....it makes the whole adventure more magical somehow!]
An excellent and the best written essay I have seen on this topic can be found in The History of the Hobbit: Part 2 Return to Bag-End pgs. 603-609.
Needless to say, also reading the development of The Hobbit itself.
If you get a chance to ever pick up these two books (Part 1 entitled Mr. Baggins) it is a worthy purchase.
As an aside, it is also one of the few places where the original text of Riddles in the Dark pre-Lord of the Rings can be found as there were apparently only about 17,000 copies made collectively in the UK and US before it was revised to conform with the Lord of the Rings; along with essays on Gollum himself, the riddles, the Ring, and historic influences regarding magical invisibility in this chapter. The books have essays on relevant topics for each chapter, including the aforementioned Arkenstone/Silmaril/Gem-necklace of Girion/Nauglamir essay.
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