I used to work at a store that bought and sold jewelry. That necklace has 0.20 grams of diamonds and less silver than a mostly used roll of plumbing solder. Each multi-part form we used to write up a purchase cost more than that necklace was worth on the resale market.
I left that job in 2010. Since then, state laws have changed and the store switched to electronic forms. So the cost per transaction has gone down, but so has the value of diamonds.
That store would buy and sell similar jewelry if it was made out of gold. The price paid for gold jewelry with diamonds was based on the total weight of the piece, as if it was all gold. So if we were paying $10 per gram for gold, then 0.20 grams of diamonds would have added $2 to the total payout.
Oh yeah, a whole carat of diamondinium! A rough count on the photo shows 72 stones: that’s an average 0.0139 carat per stone. This thing’s gotta be worth at least $1.39 at the Fell-Off-The-Back-Of-A-Truck store…
@MrNews 72 stones would be 4 stones per inch, or 6 mm each. And a 6mm diamond is roughly 3/4 of a carat. So even that computation is way too high. These arent even diamond “chips”. And using @hamjudo’s methodology, with sterling at 70¢/gram, these diamonds are worth roughly15¢.
@CBL_WV The stones are far smaller than the sterling mount that they are set it. I’m guessing that each is probably in the area of 1.5 to 1.8 mm across. About the same as a grain of coarse beach sand, in other words.