During the Council of Elrond, Gimli (the dwarf) hits the ring of power with his axe (which shatters). However, a few moments later, when the fellowship is developing, each race states what they will use to aid frodo. "You have my sword (Aragorn/Strider), You have my box (Legolas), You have my *AXE* (Gimli)." When they say this, they each present the weapon they mentioned. Even Gimli presents his Axe...however, he just ruined his axe a few seconds ago!