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Well, as he justifies it to himself, he was entitled to a one fourteenth share of the treasure and which fourteenth was not specified. Though he was pretty sure that the Arkenstone would not be a part that he would get.

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14y ago
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14y ago

He does not. A battle starts before Bilbo can give an explanation. At the end of the battle, a mortally wounded Thorin makes his peace with Bilbo because he does not want to hate him. He dies after forgiving Bilbo

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8y ago

It turns out that Bilbo doesn't defend himself against Thorin's accusation; the dwarf would have hit Bilbo if it were not for Gandalf turning up at the time to stop anything happening to "the burglar." This led to Bilbo stating that dwarves are "better in word than in deed."

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Q: How does Bilbo defend himself from Thorin's accusation that he stole the Arkenstone?
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