Diamond & Pearl Pendant Necklace, ca. 1915
GUEST:
It was given to me 50 years ago. It was purchased in Paris for about $800 equivalent in francs at the time, and I was told that it was from Tsarist Russia.
APPRAISER:
It's not Russian.
GUEST:
It's not Russian.
APPRAISER:
It's not Russian, all right?
GUEST:
Okay.
APPRAISER:
Usually, what we do is, we look for hallmarks. You look for a stamp, a cartouche-- something.
GUEST:
Mm-hmm.
APPRAISER:
There's really nothing on this. There's some influences here that remind me of Buccellati, which is Italian, especially the way this engraving is done on the yellow gold. That's 18-karat yellow gold here. But it's not Italian, either. This piece to me looks like it's from around 1912, 1915. Buccellati was around when this piece was made, but they really didn't get going till the 1920s. It's platinum, with that yellow gold, but it is most definitely French.
GUEST:
Okay.
APPRAISER:
It has old European-cut diamonds throughout it. There's not really that much diamonds in it. There's about a carat worth of diamonds, if you add them all up. Another nice touch is, you have these pearls. These are not cultured pearls. These are all-natural pearls. So you had an evaluation on this done at one time?
GUEST:
Yes, I was offered $2,000 for it.
APPRAISER:
Okay-- too little. If I put this into auction today, I would comfortably put it in for $8,000 to $12,000.
GUEST:
Whew! That is a nice piece of news. (laughs)
APPRAISER:
(laughing) Sound better?
GUEST:
Thank you, yes. Yeah. It certainly does.
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.