APPRAISER: So you got this from your mother-in-law. You inherited them, and do you know much about them?

GUEST: Actually, I don't know anything about it because I never saw her wear it, and after I got it, I've put it up and I've never had it appraised, so I'm anxious to find out.

APPRAISER: You want to know.

GUEST: It looks kind of like a crown to me.

APPRAISER: Well, you know what it actually is? It's like a shuttlecock. Imagine playing badminton with that?

GUEST: (laughing): Yeah.

APPRAISER: It's a whimsical piece of jewelry made probably by the maker in the box, Raymond Yard. He was on Fifth Avenue and jeweler to the upper class.

GUEST: Oh, really?

APPRAISER: And sold very, very fine stones, and that's a sapphire. It is bigger than it actually looks because it's very, very deep. It's a beautiful sapphire. It could be a Ceylon, a Burma, or a Kashmir. So the only way to tell for sure would be to have a laboratory certificate, and that's not that expensive to do. And once we determine the country of origin, the value will be determined.

GUEST: Oh, my gosh.

APPRAISER: So you have something that if it's only a beautiful Ceylon, the wholesale value, it could be worth $3,000 to $5,000.

GUEST: Oh, my gosh.

APPRAISER: If it is a beautiful Burma, it could be worth $8,000 to $10,000.

GUEST: Oh, no!

APPRAISER: If it's a Kashmir, it could be worth $15,000 to $20,000 depending where it's sold. Retail could be higher. So you know what we have to do? We have to get a certificate.

GUEST: For sure.

APPRAISER: For sure.