GUEST: I inherited the ring from my grandmother, and she received it was a gift from my grandfather. She passed away about three years ago...
APPRAISER: And you got it?
GUEST: And I got the ring. It's just a beautiful piece, I know she treasured it.
APPRAISER: Now, you know it's a diamond engagement ring?
GUEST: Yes.
APPRAISER: When did your grandmother get this ring?
GUEST: Sometime not long after World War II.
APPRAISER: 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...
GUEST: Wow. (both laugh)
