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For this ring was like to twin serpents, whose eyes were emeralds, and their heads met beneath a crown of golden flowers, that the one upheld and the other devoured; that was the badge of Finarfin and his house.
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The Silmarillion, Quenta Silmarillion, Ch XIX Of Beren and Luthien
It is mentioned here because Beren son of Barahir who got the ring from Felagund, shows the ring to King Thingol when he has earned death after he tells he wants the king's daugter Luthien.