Edwardian Sapphire & Diamond Ring, ca. 1905
GUEST: It was given to me by my mother in 1972. She got it from her mother in probably 1945. And then prior to that, my grandmother got it from her aunts. When, I don't know.
APPRAISER: We have here a sapphire and diamond ring. The diamond weighs, by formula, approximately a carat and a quarter. And the sapphire is just over two, a little over two carats, about two-and-a-half carats. The ring was probably made by a very high-end jeweler in New York City. The diamond is beautiful, but the sapphire is really special. One of the things that we can't always determine in this context is whether or not a stone has been subject to treatment. So, there are certain inclusions that you see when a stone's been treated. And what we're seeing under magnification is, this is a natural color.
GUEST: (whispers) Great.
APPRAISER: And that's very important in the colored stone market, because stones of this beauty are pretty unusual. And when we determine a sapphire, we do talk about country of origin. One of the things that we can't do here is do that. (chuckles)
GUEST: Okay.
APPRAISER: The stone would have to go to a laboratory. What we think, though, from looking at this color and the shape and just everything about it, it's probably a sapphire from Burma, and those are quite desirable. At auction, I would estimate the ring at $15,000 to $20,000.
GUEST: Wonderful, great-- thank you so much.
APPRAISER: Oh, thank you.
GUEST: I appreciate it.
APPRAISER: Do you wear it?
GUEST: No, but I will be now.
APPRAISER: You better. (laughing)
GUEST: Yeah, I will.

$15,000 - $20,000 Auction
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Understanding Our Appraisals
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.


