FOUND - $15 Flea Market Diamond Worth $450,000

Owner Didn't Know it was a Real and Wore It for 30-Years

Video
The 19th-century 26.27 carat White Diamond Ring that was mistaken for Costume Jewelry.

May 24, 2017
By James Massey, What Sells Best News

LONDON (VIDEO) – Sotheby's reports, a $15 ring bought as 'costume jewelry' at a flea market, turned out to be a rare antique diamond expected to fetch up to $450,000 at auction.

The Global News, based in Canada, has produced an exceptional video of the diamond ring, with Jeff Semple reporting the back story in greater depth. You'll want to note they quote the estimate in Canadian dollars at $600,000.

Unknowingly Worn for Decades

The owner, thinking they had purchased costume jewelry, reportedly wore the ring daily for nearly 30-years, until learning that it was valuable. The 26.27 carat antique cushion-shaped diamond, is indeed real, and valuable.

Hidden by its 19th-Century Style

An interesting BBC interview with Jessica Wyndham, Sotheby's jewelry specialist, reveals why the rings value was most likely missed. The owner assumed it was not real because it lacked the sparkle of a diamond.

However, Wyndham states older methods of diamond cutting were "slightly duller and deeper" than today, which "could trick people into thinking it's not a genuine stone."

Auction Coming Soon...

The diamond ring will be sold in London on June 7, 2017 at Sotheby's. The current auction estimate for the diamond ring is $320,550 - $448,770 (£250,000 - £350,000). The ring is listed on Sotheby's website as lot number 364.

Most-Watched Antique "Costume Jewelry" on eBay

The following list the Most-Watched Antique "Costume Jewelry" items on eBay. You might also consider the Top 25: Antique & Vintage Jewelry Items to see which items are fetching the highest bids, worldwide, right now.


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Antique~Victorian Jewelry Lot ~ Micro Mosaic~925 Sterling~Gold & Gold Filled

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Antique Saphiret Czech. Heart. Ring

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* Antique South Sea Victorian Operculum Seashell Cat's Eye Carved Shell Necklace

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ANTIQUE LOT SAPHIRET CAB MAGIC GLASS GOLD STONE LATE 19TH OR EARLY CENTURY STONE

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Antique Victorian MicroMosaic Micro Mosaic Gold Filled GF Locket Brooch Pin

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Antique Victorian Snowflake Star Garnet Brooch Pin

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ANTIQUE VTG VICTORIAN GOLD FILLED CARVED SHELL CAMEO ESTATE BRACELET 6.75" 6.3g

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RARE ANTIQUE VICTORIAN GOLD FILLED BLOODSTONE WATCH FOB CHARM WITH HIDDEN FRAME

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