"I am not doing it for you." Bilbo slightly shook his head. "I know Dwarves can be Obstinate and pig-headed, difficult. And suspicious and secretive. With the worst manners you can possibly imagine. But they are, also brave and kind, loyal to a fault. I've grown very fond of them. And I would save them, if I can." Bilbo explained. Thranduil watched the Hobbit in silence.

"Now, Thorin values this stone above all else." Bilbo said gesturing the Arkenstone. "In exchange for this return, I believe he will give you, what you are owed. There's no need for a war."