Legolas is the geographically-closest “elf-prince” to Erebor, where the coat was found. But it’s made of mithril, and that can’t be found in Erebor.
So it was probably forged in Moria. The mithril was definitely mined there. We don’t know exactly when, but we know Moria bordered not one, but two elf-kingdoms (Lorien and Eregion).
Elrond was Gil-galad’s right hand elf, and probably could have claimed the title of high king after the Last Alliance, although he didn’t. He also lived in Eregion for a while, and met his wife in Lorien. He had two sons, both born well before Moria fell to the balrog.
Conclusion: it was forged either for Elladan or Elrohir. They wore it, outgrew it, and gave it back to Durin’s folk, who then brought it with them into exile.
Nice meme.
However, couldn’t also Eärendil be considered?
Edit: found another possibility:
I swear I learn more about LOTR from comment sections under memes than anywhere else.
Well, to be fair this community is much more active than !tolkien@lemmy.world.
Thank you for your contributions, by the way!
And thank you for the lore!