At their parting in Britain Imogen had given her husband as a remembrance a diamond ring, which had been her mother’s, and which she held very precious; and Leonatus, on his part, had clasped on her arm a bracelet.

Iachimo now said laughingly that if only he had the chance of a few minutes’ conversation with Imogen he would soon win her affection,—in fact, he was ready to wager the half of his estate against Leonatus’s ring that there was no lady in the world of whom he could not say the same.

Leonatus began to get annoyed, and Philario begged them to let the subject drop. But Iachimo would not give in. He now said he wished he had wagered his whole estate. He would lay ten thousand ducats against Leonatus’s ring that if he went to the Court of Britain he would bring back evidence that Imogen’s favour was by no means so hard to win as Leonatus imagined.

Leonatus, stung by Iachimo’s remarks, and longing to prove the falsity of his assertions, and to punish him for his impertinence, said he would accept the wager. But he would wager gold against Iachimo’s gold; the ring he held as dear as his finger—it was part of it.

Iachimo accused him of fearing to lose the wager, and said he was wise in declining to risk his ring, which so irritated Leonatus that he accepted the challenge.

“I dare you to this match; here’s my ring,” he exclaimed.

“I will not have this wager,” said Philario.

But both Leonatus and Iachimo declared it should go on, and proceeded to settle the conditions, and to have them lawfully recorded. Only Leonatus further determined that, if Iachimo succeeded in winning his wager owing to Imogen’s fault or weakness, Leonatus would cast off his wife utterly; she was not worth debate. If, on the other hand, Iachimo’s advances were repulsed with the contempt they deserved, Iachimo should answer with his sword for his impertinence.

To this Iachimo agreed, and without delay he started for Britain.

Arrived at the Court of Cymbeline, he was introduced to Imogen as the bearer of letters from Leonatus. She received him with charming frankness and cordiality, delighted to welcome one of whom her husband wrote as bestowing much kindness on him. In accordance with a plan Iachimo had thought out, he replied in answer to Imogen’s eager questions concerning Leonatus that he was quite well, exceedingly pleasant, and very merry and gamesome—in fact, he was called “the Briton reveller.”