Every word's a story.
Anyone who has ever tried to plow through Beowulf in the original Old English knows the word béag: “ring, circle.” It seems to occur on practically every page, so important was it to Anglo-Saxon culture.
The béag was the most important form of jewelry: not so much a ring for the finger, as an arm-ring, a neck-ring, a torc, a crown. Conferring wealth and status, it was also a basic form of currency. One's lord was preeminently a béag-gifa, a “ring-giver”: the lord as generous giver of gifts to his dright. Think of the Horned Drighten, his antlers hung with neck-rings.