Lapis Lazuli Necklace, ca. 1910

Value (2003) | $1,500 Auction$2,000 Auction

GUEST:
When my grandmother passed away, she wrote an inscription so that my mother would actually get the box, because it was one of her most prized possessions.

APPRAISER:
Okay. Do you know where she got it from?

GUEST:
She had gotten it from my grandfather as a wedding present. They had actually met on a blind date and got married in the '30s.

APPRAISER:
Well, he obviously had quite good taste.

GUEST:
Ooh.

APPRAISER:
What I'd like to point out to start with is the box is from C.D. Peacock in Chicago. I'm sure you're familiar with that. The firm still is in business today. Back... it opened up around 1837 and it was the first jewelry store in Chicago.

GUEST:
Okay.

APPRAISER:
They catered mainly to high-end clients and had some really beautiful one-of-a-kind pieces. This piece here, that you've brought in today is carved Lapis, and this is from Russia. This quality of Lapis is this nice, dark blue quality, with not a lot of pyrite inside of it, and so it's free of any of those inclusions and it's also carved in China.

GUEST:
Okay.

APPRAISER:
So it would've been mined in Russia and carved in China. At that point, it would be imported. This is from about... circa 1910, this necklace, so it's a little earlier.

GUEST:
Wow. It's earlier than I thought.

APPRAISER:
Exactly. And the reason why I can date this is that it's called the fetter link chain. And it's elongated chain links here with shorter links, and that's called a fetter link, which was very popular around 1910.

GUEST:
Oh, okay.

APPRAISER:
The other thing I did want to point out, too, is that the style of necklace is this carved stone, which is very popular and very much in style today.

GUEST:
Wow.

APPRAISER:
Yes, it's very in vogue. Do you have any idea as to its value?

GUEST:
No clue. I know that my mom's kept it in the safe deposit box because it was so special and important to my grandmother, but right now it's sentimental value.

APPRAISER:
Okay. I would say, if I were to value this at auction, probably looking at around $1,500 to $2,000.

GUEST:
Wow! That's a lot more than I really thought it would be.

APPRAISER:
Right. Like I said, ten years ago, this probably would have been $500 only because it wasn't as desirable.

GUEST:
Oh, that's great. My mom will be happy to hear that.

APPRAISER:
I'm glad.

Appraisal Details

Appraiser
Freeman's Auctioneers
Philadelphia, PA
Appraised value (2003)
$1,500 Auction$2,000 Auction
Event
Chicago, IL (July 26, 2003)
Period
20th Century
Form
Necklace
Material
Lapis Lazuli

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.