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Woman Pays £5 for Ring at Flea Market, Gets £15,000 Appraisal on It

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A ring that had been purchased at a flea market for £5 was appraised for £15,000 at a WeBuyVintage roadshow last month in Oxfordshire, England.

Gemologist Asha Nayak, a fellow of the Gemmological Association of Great Britain, examined the ring—which had been brought in by a woman who got it at a car boot sale—and identified its stone as a 3.02 ct. natural diamond, set in 18k gold, WeBuyVintage reported.

“Finds like this are exactly why we love what we do,” said Nayak in a statement. “Jewelry can often hold incredible stories, and sometimes the most unassuming pieces can turn out to be something truly special.”

WeBuyVintage did not disclose the diamond’s color or clarity, nor did it mention a grading report in connection with the stone. At £15,000 (approximately $19,950), the ring’s estimated value sits at the conservative end of the current range for a 3 ct. stone: typically from about $25,000 to over $150,000, depending on color, clarity, cut, and certification. This suggests either midrange quality grades or a discount for the absence of a GIA or equivalent report.

What is clear is that the stone’s size works in its favor. As the natural diamond market has been squeezed by the rapid mainstreaming of lab-grown alternatives, the 3+ ct. category appears to be where wholesale demand is concentrating, making an unpapered stone of this size a potentially interesting sourcing opportunity at the right price.

WeBuyVintage runs more than 250 roadshows across the U.K. every month, operating as a direct buyer rather than a broker or auction intermediary. Sellers receive a spot offer and same-day payment if they accept. WeBuyVintage will refer items to auction when it’s likely to yield a higher price.

The company didn’t say whether the ring’s owner took the £15,000 or walked away with a new appreciation for her £5 find. At a 299,900% return on investment, either decision seems defensible.

(Photo courtesy of WeBuyVintage)

Follow me on Instagram: @anniedavidsonwatson

By: Annie Davidson Watson

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