

Well, they were given to Gil-Galad, Cirdon, and Galadriel (all elves)… by another elf, yes, but still.
And they were still bound to the power of the One. Annatar still deceived Celebrimbor, even if he wasn’t there when the Three were made.
So technically the quote is still correct.
It really isn’t. Things can be better than other things and still be bad.