Set with a step-cut sapphire weighing 15.67 carats, size 54, signed Mouawad.

Accompanied by Gübelin report no. 15090264, stating that the modified octagonal-cut sapphiremeasuring approximately 17.60 x 14.25 x 6.35mm, is of Burmese origin, with no indications of heating. Signed Mouawad, maker's mark. Stamped 750 for 18 carat gold, mounted in white golg. Sapphire weighing 15.67 carats, blue of strong saturation, with good transparency, clean to the naked eye, with minor abrasions; for further details on the stone, please refer to the Gübelin report. Signs of normal wear to the metal. In very good condition. Gross weight approximately 19 grams.
"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."