Despite her intense love for Conan, Bêlit is soon captivated by a cursed jeweled necklace found among the lost treasure which seemingly instills the wearer with a mix of madness and monomania. In such a twisted mental state, Bêlit issues faulty orders. Given the constant bizarre dangers and her own madness, her crew is soon decimated and Bêlit herself is hanged by the winged monster. Driven to rage and now alone, Conan confronts her supernatural murderer. He is on the verge of being slain when the spirit of Bêlit intervenes. Conan slays the winged horror and leaves the ruins in Bêlit's ship with her corpse.
The story closes with Conan giving Bêlit a Viking funeral - setting on fire the ship, with her surrounded by all her treasures - and reflecting upon his loss.