Designed as an owl in flight set with cabochon sapphires, single-cut diamonds, decorated with cream and red enamel, signed Frascarolo, Italian maker's marks.

Stamped 750 for 18 carat gold. Signed Frascarolo. Italian maker's mark for Alexandria. Sapphire dark blue, typical inclusions visible under magnification. Estimated total diamond weight approximately 0.50-1.00 carats, stones bright and lively. Enamel in good condition. Secure clasp. Scratches and chips consistent with wear. 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."

Italian jewelry designer Frascarolo began his career as an apprentice with the Lunati family of goldsmiths, later founding his own company with Lenti. From 1948 till the 1960s, the company became well known for its enamel and gold animals; lions, panthers, hippopotamus and zebras. In 1970, Frascarolo and Lenti ended their working partnership. In 1976, Frascarolo sadly passed away at the young age of 48.