Maybe I'm reading this wrong, but it sounds like you're saying Celebrimbor forged the one ring, and Sauron poured his malice into it. That's incorrect: the one was Sauron's creation, which he made using the knowledge he gained from assisting in the forging of the seven and the nine.

Came here to ask about this, I should have figured someone would have already given an explanation in the comments.

Not sure if it's accurate but I assume the hobbits' resistance to the ring's power might have slowed this down too.