Board Thread:Lore Discussion/@comment-24062559-20131017183307/@comment-6941549-20131017183803

It is a Daedric Relic. To activate it you must go to the Arcanuan and steal the rings behind the Orc. When you have them simply go back to the guanlet and put them in the right order.

After you do that a Dardric pirate will appar and try to convince you to let him free. If you do let him free you will get a map that leads you to hidden treasure. However if you kill him you will not be able to find the treasure.