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Ring believed to be cheap costume jewelry actually 200-year-old real diamond ring

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The ruby and diamond Georgian ring sold for £1,000. (Hansons via SWNS)

By Bradley Stokes via SWNS

A diamond ring which was mistaken as cheap costume jewelry turned out to be a Georgian gem and sold for £1,000 ( $1,358).

The 200-year-old 18ct ring was found in a box of costume jewelry.

The owner thought the decorative stone was paste but was left stunned when
she discovered it was a ruby surrounded by diamonds and worth around £300 ($407).

In fact the ring smashed its estimate when it sold for £1,000 by Hansons Auctioneers on Tuesday January 4.

The ruby and diamond Georgian ring sold for £1,000. (Hansons via SWNS)

“The seller brought along a box of costume jewelry for free valuation at the Normansfield Theatre in Teddington," said Chris Kirkham, associate director at Hansons.

“She suggested the entire box could go to auction as one lot for £50 but I’m always careful to check through collections like this – and the ring stood out.

“Our London vendor was delighted when we valued it at £300-£500. She thought it was paste.

“But that’s what we’re here for. Time and time again valuable items like this are found lost in collections of old costume jewelry.

“They are often inherited through the generations and get tucked away in drawers, sometimes for years.

“People genuinely can’t imagine they would be fortunate enough to own something of value. Consequently, they don’t bother to get items assessed, or simply forget they have them.

“That’s why we’re so pleased when people make the effort to come to see us, even if they’re unsure.

The ring was spotted in a box of costume jewelry. (Hansons via SWNS)

"We’re delighted when finds like this are made. The ring sparked intense bidding and delivered a lovely unexpected windfall for our client.

“It’s always a good idea to get items you have tucked away at home valued. You just never know.

“A quick look through those drawers, attics or even under the bed could pave the way to an auction surprise like this one.”

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