After spending a day trying to find the ruins, since they haven’t found the dwarves, the party is soon found by them instead. The dwarf (and his heavily armed friends) offers a trade: the ring for information he has discovered about a freshly-arrived group of Tevinter who are searching for ruins.
The party sets out to look for any signs of the sort of disasters that the ring tends to bring and shortly finds one in the form of a house that has inexplicably collapsed on itself. After some work, they burst in and find a few dead persons and a stairwell down into the basement. A scream draws them down just in time to see a pair of undead killing a man. The Revenant and the Arcane Horror are cut down in short order. After a bit of poking around, the group finds a trapdoor which leads into the undercity.
A bloodtrail through the stone leads to a closed door, behind which is an elf, a Crow. He gives back the ring without an argument, stating he and his were hired under false pretenses and he has no further wish to associate with the thing.
The party is thus left with the ring and the choice…to turn over the ring to the Carta or to try and destroy the evil item.