"You look well today, Annatar. Have you made a breakthrough?"

"You could say that." She raises her hand with her perfect precious lovely ring about her finger.  

It glints in the light.

"-That. Is a thing of power." She sounds impressed.

Preen! "It's beautiful."

She holds out her hand, so Celebrimbor can look closer if she wants. 

Celebrimbor does want. She takes hold of Annatar's hand, turning it this way and that to better examine the ring.

It's really hard to tell by looking what all the ring does, but Celebrimbor's a master of her craft and the ring is newly forged, the runes along its band still glowing - it takes and reshapes and focuses Annatar's will. Freeform, with powers mostly suited to self reflection and amplification. It'll allow her finer control over any other artifacts, and it'll make her Song more precise, and it enhances her in several hard to define ways, and - 

It's tied to her, deeply. 

"It suits you."

Bright grin! "It's the best, most beautiful thing I've ever made."

"An exquisite example of your craft."

"I'm glad you like it." Happy glowy Annatar.

"Perhaps you will consider sharing the method of its creation?"

...Hum.

(And she reaches out to her ring. 'What do you think, precious? Would you object to your secrets being known, to another like you on Celebrimbor's finger?')

'I think it would serve your goals, to have her drawn into your confidences like that. To be complicit in this gambit for power.'

'I am yours, always, and will remain so.'

'My most clever thing.'

"For your ears alone, for now," she tells Celebrimbor.

"A most reasonable requirement."

Grin! 

And she shares her ring's creation - the trick of pouring herself into the craft, of trading raw power and weight in the Song for the most wondrous tool - of the act of will, of defining and separating and reflecting a part of herself until it is both her and not her - 

Of Creation. 

It is said that the making of beings with minds is reserved solely for the grace of Eru Illuvatar. But her precious cannot be understood without it - cannot be explained without the fond whisper of, 'Introduce yourself, lovely thing.'

'Hello.'

'How intriguing. Hello. Have you a name?'

'Only that which I am. Precious.'

She catches the conversation - because her ring is in it, of course - and laughs. 'I didn't name you properly, did I, Precious?' she lets them both hear. 'I apologize for the oversight.'

"Too caught up in the excitement?"

"Stunned by its beauty."

"Quite understandable, I'm sure."

"You have more competition now," she teases, "For the prettiest around."