Thorin's Orcrist Sword, Oxidised Pendant.

 

Orcrist, meaning Goblin-Cleaver, is an Elven blade found by 
Bilbo Baggins in a Troll's treasure pile, along with the swords Sting and Glamdring. Bilbo gifted it to Thorin Oakenshield.

 

Comes with the Official Hobbit Pouch.