The solution to this is The One Ring. The ring referred to in The Hobbit renders the wearer invisible ("nothing to look at"). Other interpretations: the ring appears to be a plain gold band, and rings are circular like the number zero. Once someone possesses it, it is very hard for them to give it up ("delightful to hold"). The ring is golden, and contains an inscription describing its nature.
In the extra lines, the One Ring was forged long before the events described in The Hobbit but it appeared absolutely unblemished. The sound a bell makes is a ring. In the first book of Lord of the Rings Gandalf throws the ring into a fire (revealing the writing on it), yet it remains cool to the touch.