From:
The Silmarillion
Of the Rings of Power and the Third Age
Quote:
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Now the Elves made many rings; but secretly Sauron made One Ring to rule all the others, and their power was bound up with it, to be subject wholly to it and to last only so long as it too should last. And much of the strength and will of Sauron passed into that One Ring; for the power of the Elven-rings was very great, and that which should govern them must be a thing of surpassing potency...And while he wore the One Ring he could perceive all the things that were done by means of the lesser rings, and he could see and govern the very thoughts of those that wore them.
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The threee Elven-rings were;
Narya - Fire (Cirdan then Gandalf)
Nenya - Water (Galadriel)
Vilya - Air (Gil-galad then Elrond)
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...of all the Elven-rings Sauron most desired to possess them, for those who had them in their keeping could ward off the decays of time and postpone the weariness of the world.
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