Throughout The Lord Of The Rings and The Hobbit, fans are shown a variety of fascinating objects of varying importance to the overall plot. Some of the objects, like Saruman’s palantír, remain a bit of a mystery to the average fan, even if there is a rich explanation for what the palantír is and what it does, while many more are explained quite well in the movies. One important object from The Hobbit trilogy is the Arkenstone, and it seems many fans have been left confused about what exactly it is.