Britain’s Unwanted Jewelry Worth Over £50 Million

Bonhams is inviting the public to bring in unwanted jewelry for a free valuation. According to the house, Millions of pounds worth of necklaces, earings, bracelets, and other jewelry sit gathering dust in Britain’s homes. Most of the haul has either been forgotten or was inherited and left unworn.

Jean Ghika, head of jewelry in the UK and Europe at Bonhams, said: “We estimate that there is at least £50 million ($83.5 million) worth of unwanted jewelry that owners have forgotten or never worn just waiting for a new home. We’re urging everyone to have a look in their drawers and jewellery boxes, dusting off any items they haven’t worn for several years or may have been bequeathed and not know much about.”

The auction house and its consigners has a lot to win, should a true lost gem come to light. Highlights from last year’s June jewelry sales include a a blue diamond called the “Trombino Ring,” which set a record at £6.2 million.

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