The Arkenstone

[Gorhilion]

Hmmm. It seems kind of a waste of such a beautiful jewel, to be buried with a dead person. It should be passed on to the generations to come. At least thats what I think.

[JennyHallu]

But this way it cannot be used against the dwarves as Bilbo used it to force an alliance.

[Gorhilion]

What happened to the rest of the treasure that Smaug hoarded after he was defeated.

[AragornII]

Smaug's treasure was distributed among the people living around the Lonley Mountain. Bard got a share to help rebuild Dale and Esgaroth (Laketown), the Elven King got some of it, Bilbo got his fourteenth share, and the rest just stayed with Dain, King Under the Mountain.

As for the Arkenstone, in the chapter "The Return Journey", it says

They buried Thorin deep beneath the Mountain, and Bard laid the Arkenstone upon his breast... Upon his tomb, the Elvenking then laid Orcrist, the elvish sword that had been taken from Thorin in captivity. It is said in songs that it gleamed ever in the dark if foes approached, and the fortress of the dwarves could not be taken by surprise.

This sounds like the dwarves had access to Thorin's tomb, if they could tell that Orcrist was glowing. So, this would mean that they could get to the Arkenstone too, unless they just had a little window at the door. I guess they just considered it too sacred to disturb. I think it could still be used like Bilbo, only it's much harder to get ahold of now. It could still be done though.

[Gorhilion]

Thanks for all the answers!

[Earendilyon]

Originally Posted by AragornII

This sounds like the dwarves had access to Thorin's tomb, if they could tell that Orcrist was glowing.

From you own quote from The Hobbit:

Upon his tomb, the Elvenking then laid Orcrist, the elvish sword that had been taken from Thorin in captivity.

So, the sword lay upon Thorin's tomb, not in it.

[JennyHallu]

Originally Posted by Earendilyon

From you own quote from The Hobbit:
So, the sword lay upon Thorin's tomb, not in it.

Perhaps the dwarves built a special holder for it in whatever marker they put up. But I agree, there wasn't any way on earth that tomb was going to be opened back up unless Thorin Oakenshield showed up alive and hale at the door for tea.

[Raynor]

Originally Posted by JennyHallu

But I agree, there wasn't any way on earth that tomb was going to be opened back up unless Thorin Oakenshield showed up alive and hale at the door for tea.

You would be surprised...

Originally Posted by Late writings, HoME XII

The Dwarves add that at that time Aule gained them also this privilege that distinguished them from Elves and Men: that the spirit of each of the Fathers (such as Durin) should, at the end of the long span of life allotted to Dwarves, fall asleep, but then lie in a tomb of his own body, at rest, and there its weariness and any hurts that had befallen it should be amended. Then after long years he should arise and take up his kingship again.