The collet-set step-cut emerald, between shoulders set with two rows of brilliant-cut diamonds, size 53, French assay and maker's marks.

Stamped with French assay marks and 750 for 18 carat gold. Indistinct French maker's mark 'W.P'. The emerald measures approximately 18.0 x 12.0 x 7.5 mm, calculated to weigh approximately 11.75 carats, as gauged in mounting. Emerald with excellent transparency, few typical crystal inclusions, a few lightly surface reaching. Diamonds estimated to weigh a total of approximately 2.00 carats, bright and lively, as gauged in mounting. Signs of normal wear to the metal, scratches consistent with use. 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. Please note that colour, clarity and weight of gemstones are statements of opinion only and not statements of fact by Sotheby's. We do not guarantee, and are not responsible for any certificate from a gemological laboratory that may accompany the property. We do not guarantee that watches are in working order. 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. Prospective buyers should also refer to refer to any Important Notices regarding this sale, which are printed in the Sale Catalogue, in particular to the Notice regarding the treatment and condition of gemstones and to the Notice regarding import of Burmese jadeite and rubies into the US.
NOTWITHSTANDING THIS REPORT OR ANY DISCUSSIONS CONCERNING A LOT, ALL LOTS ARE OFFERED AND SOLD "AS IS" IN ACCORDANCE WITH THE CONDITIONS OF BUSINESS PRINTED IN THE SALE CATALOGUE."