$15 Costume Jewel Turns Out to Be Very Real, Very Big Diamond Worth About $454K | NBC 5 Dallas-Fort Worth
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$15 Costume Jewel Turns Out to Be Very Real, Very Big Diamond Worth About $454K

Nineteenth-century diamonds were not cut to show off their brilliance and clarity

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    NEWSLETTERS

    Initially thought to be costume jewelry, the diamond is worth hundreds of thousands of pounds and will be auctioned by Sotheby’s next month. (Published Monday, May 22, 2017)

    Some people have all the luck.

    Consider the person who dropped about 10 pounds (about $15) around 30 years ago on what was thought to be a piece of costume jewelry — it turned out to be a 26.27 carat white diamond.

    The gem bought at a flea market is expected to fetch about 350,000 pounds ($454,000) when it is auctioned by Sotheby's next month.

    The buyer had no idea of the ring's value because 19th-century diamonds were not cut to show off their brilliance and clarity.

    Man Sees Vera Wang Diamond Ring on Sidewalk, Finds Its Owner

    [NATL] Man Finds Vera Wang Diamond Engagement Ring on Sidewalk, Tracks Down Its Owner

    Imagine looking down and finding a pristine diamond ring lying on the sidewalk. That was how Glenn Weddell found a Vera Wang diamond ring one afternoon in Sacramento, California. But instead of keeping it, Weddell hunted down the distraught owner to return the ring in a happy reunion. His method involved posting a sign to a tree downtown and hoping for the best. 

    (Published Thursday, April 27, 2017)

    The auction house's jewelry department chief, Jessica Wyndham, said Monday the owner wore it on a daily basis, unaware that it was a real diamond.

    She called it "an amazing find." The owners have asked not to be identified.