Diamond & Sapphire Jewelry
GUEST:
This necklace and the ring were bought by my grandmother. I know it's old because she died in 1949. And then this was passed on down to us and there's some other jewelry, but I got this necklace and the ring.
APPRAISER:
And what do you know about these pieces?
GUEST:
Well, the ring I don't know too much. I recently had it looked at, but the jeweler said I need to take it to a gemologist and really have it looked at. My sisters and I were trying to figure out more about the necklace. We saw the mark on the clasp of the necklace that says "M & Co." So looking online, we thought, "Maybe that's Marcus & Company." And then we find out he somehow worked for Tiffany, I think, at some point. And we also want to know, if he made the necklace, did he also make the pendant? Did the two go together? Because they are detachable.
APPRAISER:
Okay, let's start with the ring. The ring... is platinum-topped gold with a cabochon sapphire and surrounded by diamonds. It dates to around, I'd say, 1910 to 1915. Beautiful. This sapphire is gem quality. My estimation, it's probably of Burmese origin, that being a very, very fine quality sapphire that probably has not had any sort of treatments. In order to verify that, it would have to go to one of the big laboratories to have it evaluated, but I've seen a lot of this material, and I'm pretty sure that it is Burmese, surrounded by old mine-cut diamonds. And then you have diamonds down the shoulders. Very beautiful ring. I know that there are restrictions regarding Burmese rubies. The same restrictions do not apply to sapphires. My feeling is, she bought this and then maybe needed something to go with it. So, in comes the necklace.
GUEST:
Blue and diamonds?
APPRAISER:
Exactly. The necklace is slightly later in date, circa 1920s. '20s to '25, I would say. The pendant is detachable from here and it's platinum with diamonds, and then you have sapphires. The necklace is signed "M & Co.," which stands for Marcus & Company.
GUEST:
Okay.
APPRAISER:
He did work for Tiffany around 1850 to late 1800s. He then started his own company, Marcus & Co.
GUEST:
Okay.
APPRAISER:
Very famous jewelers known for very high-quality jewelry. Their workmanship is beautiful. So that's the top, the necklace here. You've got about ten carats of diamonds, old European-cut stones. Then you move down to the tassel and the workmanship is so beautiful. They even set the stones around the bezel and along the sides here of this pear-shaped drop, which is not small by any means, either. That is about two and a half carats just for the pear shape. Then you have this gorgeous tassel with this beautiful decoration here of calibre-cut sapphires. Very, very fine work. However, it's not signed.
GUEST:
Right.
APPRAISER:
So. We definitely know Marcus & Company made the necklace, but we do not know if they made the drop.
GUEST:
Okay.
APPRAISER:
It's possible, because the workmanship is certainly their quality. It's very, very beautiful. At auction, I would give a price of $25,000 to $35,000 for the ring.
GUEST:
For the ring?
APPRAISER:
Yes. That sapphire is fabulous.
GUEST:
Holy crow.
APPRAISER:
And then the pendant necklace, the auction estimate would be $30,000 to $50,000.
GUEST:
Wow. I'm afraid I don't know what to say. That's incredible.
APPRAISER:
They're really beautiful pieces.
GUEST:
Oh, my gosh. Fantastic!
Appraisal Details
Executive producer Marsha Bemko shares her tips for getting the most out of ANTIQUES ROADSHOW.
Value can change: The value of an item is dependent upon many things, including the condition of the object itself, trends in the market for that kind of object, and the location where the item will be sold. These are just some of the reasons why the answer to the question "What's it worth?" is so often "It depends."
Note the date: Take note of the date the appraisal was recorded. This information appears in the upper left corner of the page, with the label "Appraised On." Values change over time according to market forces, so the current value of the item could be higher, lower, or the same as when our expert first appraised it.
Context is key: Listen carefully. Most of our experts will give appraisal values in context. For example, you'll often hear them say what an item is worth "at auction," or "retail," or "for insurance purposes" (replacement value). Retail prices are different from wholesale prices. Often an auctioneer will talk about what she knows best: the auction market. A shop owner will usually talk about what he knows best: the retail price he'd place on the object in his shop. And though there are no hard and fast rules, an object's auction price can often be half its retail value; yet for other objects, an auction price could be higher than retail. As a rule, however, retail and insurance/replacement values are about the same.
Verbal approximations: The values given by the experts on ANTIQUES ROADSHOW are considered "verbal approximations of value." Technically, an "appraisal" is a legal document, generally for insurance purposes, written by a qualified expert and paid for by the owner of the item. An appraisal usually involves an extensive amount of research to establish authenticity, provenance, composition, method of construction, and other important attributes of a particular object.
Opinion of value: As with all appraisals, the verbal approximations of value given at ROADSHOW events are our experts' opinions formed from their knowledge of antiques and collectibles, market trends, and other factors. Although our valuations are based on research and experience, opinions can, and sometimes do, vary among experts.
Appraiser affiliations: Finally, the affiliation of the appraiser may have changed since the appraisal was recorded. To see current contact information for an appraiser in the ROADSHOW Archive, click on the link below the appraiser's picture. Our Appraiser Index also contains a complete list of active ROADSHOW appraisers and their contact details and biographies.