This looks good to me. On small note is that looking again at RD-EX-36.5, I don't think the editorial addition is actually needed. It's clear from the previous paragraph that they are working on the necklace.
But I think your idea of retaining the two stages of treasure making is good, as it better retains the structure of the Lost Tale and I don't see any of the later, very brief, accounts as contradicting it.
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