The Black Ring¶
The Black Ring is "a trans-national thieves' guild" of the Fifth Age West. "It operates in the Northern Prefectures of the Imperium and in some capacity in all of the Northern Kingdoms and Sancturi Provinces" (S319), across the border between the Sancturi Imperium and the Riven Kingdoms.
Organization¶
"It has a very dispersed structure and its members are careful to remain unknown. Rumors say that there are 12 masters of the guild and each master knows the identity of 2 others" (S319).
In the open¶
Where the guild is strongest it no longer hides. "In some kingdoms they have become so ingrained with the economy that they live in the open (wearing black rings) and there are public guild houses that the populace know to avoid" (S319).
Gap
The survey of 704 SM is the only source. It does not name a master, a guild house or the kingdoms where the Ring lives openly, nor say when or where the guild began.