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BARGAIN HUNT

Auctioneer finds two ‘worthless’ rings destined for charity shop – and you’ll be amazed at how much they sold for

Gareth Wasp, 35, of Cooper and Tanner in Standerwick, Somerset, said the owner was left 'absolutely gobsmacked'

A PAIR of "worthless" rings that were destined for a charity shop have been sold for £70,000 after being discovered by an auctioneer.

Gareth Wasp, 35, found a four carat diamond Cartier ring and a blue sapphire ring hidden in a box among other "average" items.

 Gareth Wasp is pictured with one of the two rings
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Gareth Wasp is pictured with one of the two ringsCredit: SWNS:South West News Service

The vendor, who does not want to be named, had found the rings while clearing out her mother-in-law's home.

Gareth said: "If I hadn't had been on the ball that day the rings would have ended up in the charity shop for someone lucky enough to find them.

"I noticed the Cartier box straight away.

"But that doesn't always mean there is going to be a Cartier ring inside.

 The four-carat diamond Cartier ring was valued at between £15,000-20,000
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The four-carat diamond Cartier ring was valued at between £15,000-20,000Credit: SWNS:South West News Service
 The second ring had a sapphire stone in the centre of it
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The second ring had a sapphire stone in the centre of itCredit: SWNS:South West News Service

"I looked everywhere for the Cartier signature on the ring because it is normally on the inside, but this was in fact signed on the outside, which is really rare.

"Then I had a look at this great big diamond in front of me.

"Meanwhile, the lady, who seemed like she didn't have the best of relationships with her mother-in-law, kept saying she was really keen to get rid of it.

"She kept repeatedly emphasising to me to get rid of it and give it to charity - thinking they weren't worth anything.

"I just had to say 'I think this is something that needs a little bit more research'."

 The diamond in the Cartier ring was VS1 category for clarity, which means it's nearly perfect
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The diamond in the Cartier ring was VS1 category for clarity, which means it's nearly perfectCredit: SWNS:South West News Service
 The sapphire ring sold for £28,000 after initially being thought worthless
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The sapphire ring sold for £28,000 after initially being thought worthlessCredit: SWNS:South West News Service

Gareth then came to the second ring which had a sapphire stone in the centre of it.

He added: "It was beautiful, absolutely stunning and very popular.

"Behind diamonds they are second in place."

Gareth, who is an auctioneer at the Cooper and Tanner Sales Room in Standerwick, Somerset got the rings professionally valued and found they were worth between £15,000 and £20,000.

After inspection, the Cartier ring also revealed that it was VS1 category for clarity, which means it is nearly perfect, with only tiny blemishes.

 The diamond Cartier ring fetched a massive £42,000 after going to auction
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The diamond Cartier ring fetched a massive £42,000 after going to auctionCredit: SWNS:South West News Service

The Cartier ring sold at auction for £42,000 and the sapphire ring fetched for £28,000 with an additional commission charge of fifteen per cent plus VAT.

After the successful sale Gareth rang the vendor straight away to tell her the good news.

Gareth said: "The strange thing is she didn't have a clue, I said the rings have just sold and she said 'oh brilliant' what have they made. She was miles away.

"And when I told her she couldn't believe it, she was absolutely gobsmacked.

"It was great for her and it was a great feeling to be able to deliver that – often it’s the other way round and people over-value things.

"This happens very rarely and to happen with two rings – I would have been happy with one of them!"

One of the rings was bought by a husband for his wife.

Famous French 19 carats pink diamond 'Le Grand Mazarin' sells for $15million at auction


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