The cut and fashioned bit was discussed in my essay. That's my opinion on the explanation here.
Good points about the world being 'broken and remade anew', although I think that probably referred more to the time when the world will indeed be shattered by Morgoth, and remade again after his supposed defeat in the Last Battle. I remember a quote in the Sil that talks about the Dwarves having a legend that says they will assist Aule in building the world again after the Last Battle; don't have the book to hand, so I can't give you it exactly. You probably know what I'm talking about.
No; it's a good theory, but I don't think it fits. The Drowning of Beleriand happened right after the War of Wrath; why would Eonwe worry about not finding the Silmarils until after that, only a life of Men or less ahead? The removal of the Undying Lands from the physical world may constitue a breaking and renewing of the world, though. But I don't think Beleriand, internal Earthly turmoils or Numenor would mean much to that effect. Another explanation could also be that Eonwe was simply mistaken -- who said he was infallible?
Thanks for the comments on the essay, and Sharku for correcting my post. All I want is Ron in here so I can get the damn thing published on the main site...
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