The pearl and diamond earrings had been left in a drawer for 35 years before they were sold to an anonymous phone bidder by Woolley & Wallis on 26 April 2012. The owner had not worn the earrings and had no idea of their value until February. The jewels were a gift from King Carol II to Elena Lupescu.
Description: A pair of early 20th Century natural pearl and diamond drop earrings, the drop shaped pearls suspend from an articulated line of graduated circular cut diamonds with further diamonds set to the caps. Screw fittings. With report number 62440 and dated 1st March 2012 from SSEF (Swiss Gemmological Institute) stating that both pearls are natural saltwater and weigh 34.508cts (138.03 grains) and 33.235cts (132.94 grains). They were estimated between £80,000-120,000 and sold for £1,400,000 [hammer price] on 26 April 2012.
Jonathan Edwards of Woolley & Wallis said: “We believe they were acquired on one of the famous European tours with King Carol. The vendors brought them to us for valuation out of curiosity and were astonished to discover their value. We are absolutely thrilled with the result and delighted for the family.”