The mightiest of the Three Rings of the Elves. Vilya was originally worn by Gil-galad, but it was given by him to Elrond. Vilya was made of gold and was set with a great sapphire.
Also called the Ring of Air and Ring of Sapphire.
Taken from Robert Foster's The Complete Guide to Middle-earth
The mightiest of the Three Rings of the Elves. Vilya was originally worn by Gil-galad, but it was given by him to Elrond. 
Vilya was made of gold and was set with a great sapphire.