IMPORTANT EMERALD AND DIAMOND SAUTOIR

Suspending a square antique step-cut emerald weighing approximately 47.60 carats, on an articulated chain set with brilliant- and step-cut diamonds together weighing approximately 19.15 carats, mounted in platinum, length approximately 450mm.

Property formerly from the Estate of Irving Berlin and Ellin Mackay Berlin, and was previously sold by Sotheby's New York in April 1991.

Colour and Clarity: According to AGL report, the centre emerald is natural, of classic Colombian origin, with insignificant clarity enhancement. Also accompanied by a special appendix letter highlighting the fine quality and rarity of this emerald. Please refer to the report and letter for details. In our opinion, this emerald is of medium to medium dark, intense green colour, with only minor inclusions to naked eyes. Under 10x loupe, most crystal inclusions are close to the pavilion and there is one tiny opening on the crown close to girdle. Overall, this emerald is of exceptional quality for the combination of huge size, vibrant colour and good clarity. Diamonds on the necklace is probably of E to F colours, VVS2 to VS clarity. Condition: The emerald, previously owned by Mr. Irving Berlin, famous songwriter of Broadway and Hollywood, is mounted as a pendant on a sautoir, in mint condition.
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.

Accompanied by AGL report numbered CS39051, dated 25 July 2007, stating that the 47.601 carat emerald is natural, of Colombian origin, with insignificant gemological evidence of clarity enhancement. Also accompanied by a speical appendix referencing the 'Excellent' quality grade, origin determination, history and provenance of this "rare example of a very fine Classic Colombian emerald".