Hello!
I thought I would run this past fellow pricescopers. When I was about 7-8 years old (late 80's), my parents bought an old ruby ring from an antique store in Chicago for $500. It was given to me on my 16th birthday, July = ruby! I almost never wore it as it was too small for my fingers and setting was crooked. As a gift for my 40th birthday, my mom asked me to bring it to a custom jeweler to have it reset. I brought it in assuming the old dirty stone wasn't worth much more than what we paid for it. The woman running the store immediately cleaned it (several times...filthy after 30 years!) and asked how long it had been in my possession. When I told her at least 30+ years she asked if she could sent it off to AGL before setting it. I received the attached report back. With this report she has told me the ruby is worth about $7,500-$8,000. She is 100% confident the stone is Burmese and she said the color is beautiful. I'm still in a bit of shock. Is this standard jewelry store inflation pricing? Just curious if this group would agree on the value of the stone. I'm now cautiously excited about the reset. I was worried my mom was spending a couple grand to reset a gem worth less than the reset itself. Would love the groups thoughts.
I only have one photo which was taken PRE-cleaning while I was in the process of moving and had dug out the old jewelry box. If it helps, I audibly gasped after she steam cleaned it.
Thanks for your thoughts. Kim
I thought I would run this past fellow pricescopers. When I was about 7-8 years old (late 80's), my parents bought an old ruby ring from an antique store in Chicago for $500. It was given to me on my 16th birthday, July = ruby! I almost never wore it as it was too small for my fingers and setting was crooked. As a gift for my 40th birthday, my mom asked me to bring it to a custom jeweler to have it reset. I brought it in assuming the old dirty stone wasn't worth much more than what we paid for it. The woman running the store immediately cleaned it (several times...filthy after 30 years!) and asked how long it had been in my possession. When I told her at least 30+ years she asked if she could sent it off to AGL before setting it. I received the attached report back. With this report she has told me the ruby is worth about $7,500-$8,000. She is 100% confident the stone is Burmese and she said the color is beautiful. I'm still in a bit of shock. Is this standard jewelry store inflation pricing? Just curious if this group would agree on the value of the stone. I'm now cautiously excited about the reset. I was worried my mom was spending a couple grand to reset a gem worth less than the reset itself. Would love the groups thoughts.
I only have one photo which was taken PRE-cleaning while I was in the process of moving and had dug out the old jewelry box. If it helps, I audibly gasped after she steam cleaned it.
Thanks for your thoughts. Kim
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