367

USD/NGN

Useless ring revealed to be worth over N267 million

Useless ring revealed to be worth over N267 million

Talk about delayed blessing…

Thirty years ago, a woman in Isle worth, west London, bought an exceptionally sized ring she assumed was costume jewelry for N4000 (£10) at a car boot sale.

Now, after decades of wearing the ring daily, she recently sold it for over N267 million (£656,750) -nearly twice the amount it was expected to fetch at auction. That's because the ring - now named the Tenner -is actually a 26-carat, cushion-shaped white diamond from the 19th century, according to BBC.

READ ALSO: More exclusive photos and video from actress Moji Olaiya’s burial ceremony

Useless ring revealed to be worth over N267 million

The ring which was sold for N267 million

Head of Sotheby's London jewelry department Jessica Wyndham called the ring a "one-off windfall, an amazing find." Wyndham told the Evening Standard in May, 2017: "Anyone would be [excited] in this position, it's a life-changing amount of money. No matter what your background is or what your past experiences have been, it's going to revolutionize someone's life."

Wyndham added that the unnamed owner did not think it was a real diamond when she spotted it at the car boot sale, which took place at West Middlesex Hospital, because it was in a filthy mount and did not sparkle. "The owner would wear it out shopping, wear it day-to-day. It's a good looking ring," she said. "But it was bought as a costume jewel. No-one had any idea it had any intrinsic value at all. They enjoyed it all this time."

Useless ring revealed to be worth over N267 million

Head of Sotheby's London jewelry department Jessica Wyndham

However, when a jeweler told the owners the ring could be valuable, they took it to Sotheby's and discovered its true identity after 30 years. "They came in with the idea that it might be real and they had no idea of its value," Wyndham said, adding that Sotheby's examined the ring and had it tested at the Gemological Institute of America. "The majority of us can't even begin to dream of owning a diamond that large."

She added that the owner had been to a number of car boot sales over the years, but hadn't collected antiques or diamonds.

Watch NAIJ.com’s coverage of late actress Moji Olaiya’s burial ceremony below:

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