Land of the Lost Jewels (1950)

Two children are fishing when they catch a talking fish named Red Lantern He takes them underwater with him to the Land of the Lost where missing items can be found again They meet King Find All a walrus and a singing cricket HoppyGoLucky that used to be the girls pin Hes deemed to be a special jewel since hes made of emerald and is brought to the jewel storage room despite his wishes to be in the Land of the Toys