In the essay "The History of Galadriel and Celeborn" of Unfinished Tales it is stated that Gil-galad relinquished the Ring of Fire only at the outset of the War of the Last Alliance.
Círdan |
The Second White Council's membership included the Wizards Saruman the White, Radagast the Brown, Gandalf the Grey, and the chiefs and rulers of the Eldar, including Lady Galadriel of Lothlórien, Master Elrond of Rivendell and Círdan the Shipwright of the Grey Havens.