Asscher-cut Diamond Ring, ca. 1925
I inherited the ring from my grandmother, and she received it was a gift from my grandfather. She passed away about three years ago...
And you got it?
And I got the ring. It's just a beautiful piece, I know she treasured it.
Now, you know it's a diamond engagement ring?
When did your grandmother get this ring?
Sometime not long after World War II.
This happens to be a deco mounting, and in that time, they used to call that a square stone-- four sides equal. If you look at the baguettes on the side, they are tapered. So that denotes a deco. And they still make them today, but the idea is it's a true deco mounting. And it's platinum. This particular shape-- they don't call it square-cut anymore. They don't call it an emerald cut anymore. There's a new terminology out, which is very hot and very desirable in the East Coast. They call it an Asscher cut. It's-- same thing, square with the corners cut off, and every young bride-to-be wants a ring like that. You got a new ring here, you know what I mean? You're right in style. (laughs) This particular square Asscher-cut diamond is clean. There is no inclusions in it. And the color is white. It's approximately five, maybe five-and-a-half carats. So you have not a small ring there, you have a very desirable diamond ring that should be certified, so you know what you have. Now, would you like to know how much your grandmother gave you? (laughing) You do, huh? At auction, a ring like this can easily go anywhere from about $30,000 to maybe $45,000. If we get a clean certificate on it, it can go over $50,000. Okay? So...
Wow. (both laugh)
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.
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