[Joy]

Cirdan gave his ring, Narya - the Ring of Fire to Gandalf.
"He saw futher and deeoer than any other in Middle Earth, and he welcomed Mithrandir at the Grey Havens, knowing whence he came and whither he would return.
'Take this ring, Master,' he said, 'for your labours will be heavy; but it will support you in the weariness that you have taken upon yourself. FOr this is the Ring of Fire, and with it you may rekindle hearts in a world that grows chill. But as for me, my heart is with the Sea, and I will dwell by the grey shores until the last ship sails. I will await you."

Taken from Appendix B - Third Age.