A man named Tim is seen fleeing from certain men, who are upset because Tim has something they went to great effort to obtain. It turns out to be a ring, and another man attacks him, saying the Shard of Hope is not suited for him.
The following morning, Sebastian and Ciel attend the Frozen Fair, which is held on the River Thames in winter. Also at the fair is Elizabeth and her attendant, Paula, who are there looking for a birthday present for Ciel. Tim's former pursuers are seen standing over the fair, commenting that the ring must have fallen into the river with his body.
Fred Abberline reveals to Ciel that a man's corpse was found under the river, and that he had stolen an extremely valuable ring. Lau overhears their conversation, and comments on the diamond, but then reveals he knows nothing about it. Ciel tells him that the Shard of Hope comes from the Hope Diamond, and that there are two in the world.
They travel to see Undertaker, who apparently set up a shop on the ice due to the high fatalities from frostbite. He shows that the ring has been incorporated into an ice statue. However, before it can be removed, the judges of an ice sculpture contest stop him, saying the statue will be given to the winner.
Ciel agrees that he will win it in a contest, and Fred mistakenly spills the information that the ring is evidence for a string of kidnappings. Ciel orders Sebastian to enter the contest and win. They find that the Irish men responsible for the theft of the ring, Lau and Fred also enter.
It is revealed, then, that the reason for Elizabeth's insistence at finding a present for Ciel is that she still feels terribly guilty over breaking his beloved family ring. She finds a Noah's Ark similar to the one they played with as kids.
Sebastian makes an excellent recreation of Noah's Ark. When it is clear that Sebastian will win, the thieves strap a bomb to the leader and threaten the fair-goers. When Ciel calls his bluff, the boss begins throwing dynamite around, but all it does is shatter the ice, pulling them down into the river. The audience is shocked when Sebastian and Ciel appear on the Ark. Ciel, still on the ark, then complains that Sebastian's method of resolving the problem was violent.
The sculpture then sinks to the bottom of the river as Ciel says that the Hope piece will sleep at the bottom of the Thames.
However, the thieves survive the explosion, and Fred pulls them out of the river before they freeze to death.
Back at the Midford estate, Elizabeth cries over her gift to Ciel. It is revealed that she learned from her father that the Noah's Ark she bought at the fair was a fake. She breaks it, and inside, she finds the Shard of Hope.
Characters in order of appearance
- Drossel Keinz
- Sebastian Michaelis
- Ciel Phantomhive
- Elizabeth Midford
- Fred Abberline
- Aleistor Chamber