Tiffany & Co. Yellow Diamond Pendant
APPRAISER:
You told me that your grandmother left this pendant to you. This was given to her by her second husband.
APPRAISER:
When were they married?
GUEST:
They were married in 1918.
APPRAISER:
Now, I understand you had other jewelry from her, but this was the piece you chose to bring to the ROADSHOW today. Why did you pick this piece?
GUEST:
Because I like it. I've worn it a great deal of the time over the years since she gave it to me. It sits in just the right place on my neck, and it's beautiful.
APPRAISER:
And what do you know about it? What did your grandmother tell you?
GUEST:
She said that it was a yellow diamond and...
APPRAISER:
And did you believe her?
GUEST:
I didn't know, because it seemed pretty big, and Granny kind of liked to... If she wanted you to like something, she sometimes sort of embellished on its attributes so that...
APPRAISER:
I see, I see. Well, I must tell you that when you came and showed it to me and you said you weren't sure that it was a diamond, I kind of looked at it and was actually curious myself because it has a beautiful vivid yellow color. And on closer examination, I realized it was a diamond; she was telling the truth.
GUEST:
Oh, really?
APPRAISER:
Yes. Not only is it a diamond, but it's actually an important size for a yellow diamond because it measured over one carat.
GUEST:
Wow...
APPRAISER:
Yeah. And it's an old European-cut pear-shaped. And you know what else I found out about it? When I turned it over, it has a signature. The signature... do you have any idea?
GUEST:
No, because I looked to see if there was one and couldn't find anything.
APPRAISER:
It's Tiffany and Company. Yeah.
GUEST:
Wow...
APPRAISER:
This is Tiffany and Company, and quite rare, because of that period-- and I would date it between 1918, 1920-- you rarely found a yellow diamond in a piece of Tiffany jewelry. And I even think this was designed by Louis Comfort because it has that kind of wonderful wire work. So now we've got to appraise it. It's a tough appraisal because it's rare-- $20,000 and up. What do you think?
GUEST:
Holy mackerel! I can't believe...
APPRAISER:
Yeah, so you really hit the spot today. You knew what to pick, and…
GUEST:
I almost didn't bring it.
APPRAISER:
And your grandmother was not telling a lie. And she left you something great.
GUEST:
That's wonderful!
APPRAISER:
Isn't that great?
GUEST:
Yes.
APPRAISER:
Thanks for coming.
GUEST:
That is so exciting!
APPRAISER:
Great!
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.
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