Centered by an emerald-cut yellow sapphire weighing approximately 32.50 carats, framed by round emeralds, round and cushion-cut sapphires and numerous round diamonds weighing approximately 4.50 carats, size 8½, signed Van Cleef & Arpels, partially numbered N.Y.3869. With signed pouch.

In good condition overall, with some minor discoloration to the gold commensurate with age. The sapphire is light yellow, eye-clean with some evidence of surface scratching and abrading to the facet junctions and girdle commensurate with wear. The sapphires are a medium slightly violetish blue, lightly included and well matched for color. The emeralds are decorative in quality. The diamonds are approximately G-H color, VS-SI clarity. Partial number may be 38699.
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.