The slightly graduated single-strand composed of natural gray colored cultured pearls measuring approximately 16.3 to 15.0 mm., completed by an openwork clasp set in the center with a sugarloaf cabochon emerald weighing 5.17 carats, framed by old European-cut and single-cut diamonds weighing approximately .90 carat, length 18¼ inches, signed Fred Leighton.

Composed of 27 cultured pearls of gray color with strong overtones of green, pink and blue. Good luster, minor wrinkling of skins and moderate pitting. The clasp set with a sugarloaf cabochon emerald of a slightly watery medium green color and good clarity and 22 old European-cut and single-cut diamonds approximately I-J color and VS-I clarity. In good condition.
In response to your inquiry, we are pleased to provide you with a general report of the condition of the property described above. Since we are not professional conservators or restorers, we urge you to consult with a restorer or conservator of your choice who will be better able to provide a detailed, professional report. Prospective buyers should inspect each lot to satisfy themselves as to condition and must understand that any statement made by Sotheby's is merely a subjective qualified opinion. Illustrations in the catalogue may not be actual size. Prospective purchasers are reminded that, unless the catalogue description specifically states that a stone is natural, we have assumed that some form of treatment may have been used and that such treatment may not be permanent. Our presale estimates reflect this assumption.
NOTWITHSTANDING THIS REPORT OR ANY DISCUSSIONS CONCERNING CONDITION OF A LOT, ALL LOTS ARE OFFERED AND SOLD "AS IS" IN ACCORDANCE WITH THE CONDITIONS OF SALE PRINTED IN THE CATALOGUE.