[Elrian]

The Rings could not have gotten them greater standing than what they had. Galadriel was rebelious in the first and second ages causing her to be banned from returning to Valinor until she refused the lure of the one ring. Gandalf who was really Olorin the Maia was already greater than Olwe. When the Rings were made by Celebrimbor in the Second age, they were made using the knowledge that was given to him by Annatar (Sauron). His hand may not have touched them, but they were still tied his one, when his ring was destroyed the power of theirs failed. They Valar would have rewarded perhaps for great deeds they had done.