18 karat gold, cultured pearl and diamond necklace/bracelet combination, Van Cleef & Arpels, New York, circa 1965

Designed as a chain of rectangular, oval and circular links supporting a lozenge-shaped pendant, decorated with 10 cultured pearls measuring approximately 10.4 to 11.8 mm. in diameter within borders of round diamonds, the oval links also set with round diamonds, the total diamond weight approximately 25.50 carats, total length approximately 25½ inches, pendant detachable, necklace separates into three segments of equal length that may also be worn as bracelets, signed Van Cleef & Arpels, N.Y., numbered 44689.

One diamond missing from the floret to the left of the central lozenge-shaped plaque (as seen in catalogue illustration). Otherwise, the necklace is in good condition. The near-round and button-shaped pearls bear a very slightly silvery white body color, good luster and minimal blemishing. The diamonds are approximately F-G color, VS clarity. Signed on three of the four clasps.
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.