 Preciosa has only enough time to recite Doña Clara's fortune by the time the lieutenant arrives home but promises to return the next Friday.The next morning, on their way back to Madrid, the gypsies meet a handsome young gentleman who asks to speak Preciosa and her grandmother in private.The young gentleman reveals himself to be a knight and explains that he has become enamoured by Preciosa's beauty and talent, wishes to serve her as she wishes, and make her a lady of the court.