Royal’s rugged diamond to sell for £750,000

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Ring made for Princess Margaret up for sale at NEC antiques fair.

An unusual 5ct diamond ring previously owned by Princess Margaret will go up for sale today with a price tag of £750,000.

The gold ring will be sold at an antiques event in Birmingham. It has an undulating, spiky shank and features a natural uncut Macle diamond crystal. The ring was designed by Stuart Devlin for Princess Margaret in 1977, and she is said to have had great input in the design process and creating something that fitted around the stone’s natural shape.

It will be sold at the Antiques For Everyone Fair at the NEC today, alongside several other personal items belonging to Princess Margaret including a pre-owned Cartier watch valued at £175,000.

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Each of the royal items has been authenticated by Princess Margaret’s son Lord Linley. They are being sold by Riverside Antiques, based in Stamford, Lincolnshire.

The owner of Riverside Antiques said now is the right time to sell the ring given high overseas interest with high end investors looking for good quality goods, adding that there is always a lot of interest in the royal family and British heritage.

If it matches its estimate of £750,000, it will smash the sales record for the annual antiques event, which aims to bring vintage and pre-owned goods to the masses.

A spokesman from Riverside Antiques said ‘‘This is a once in a lifetime opportunity to purchase a piece of history as an investment for the next generation.

“As well as the pricier items there are also ones that start at around £3,000. There are enamel boxes, and mother of pearl card cases which were small personal items of the Princess’s and were kept in her private apartment."

 

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