This oval-shaped bead with faceted sides is known as the Ivie okpagbaru or Ivie Ewuare (the ‘royal bead’ or ‘Ewuare bead’). The association of Ọba Ewuare with this bead is based on a story in which Ewuare took beads from the deity Olokun, sanctifying his royal position and, in turn, receiving the title ‘Lord of the Land’, in contrast to Olokun’s title ‘Lord of the Sea’ (Omomo of Enisen in Blackmun 1990, p. 65). The Ivie okpagbaru/Ivie Ewuare is a distinctive motif that can be used to identify representations of the Ọba.

Due to the association of beads with Olokun, it is unsurprising that this bead has come to symbolise wealth when used to decorate Emwin Arhe (royal treasures) (Blackmun 1984, p. 59). Paula Ben-Amos (1999, p. 64) associated the bead with a different narrative and the name ‘One Bead Does Not Go around the Neck’. Ben-Amos suggests that the bead is in fact the one that was fought over by Ọba Ẹsigie and his brother Aruanran when they struggled for the right to the throne in the early 16th century.