The original Cartier invoice states that the "five row pearl necklace,
messenger bags for women, consisting of 389 pearls weighing 4305 grains" was accompanied by an "enamel clasp
representing Catherine,
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once belong to Catherine; Anna Thomson Dodge's heirs maintain that Horace bought the pearls from Cartier on that basis.
A mysterious pearl necklace that may have once belonged to Catherine the Great,
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Automotive billionaire Horace Elgin Dodge purchased the necklace from Cartier in Paris in 1920 for his wife Anna Thomson Dodge at the astonishing price of
$825,
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In 1920,
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commonplace while diamonds are more precious,
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Now reduced to three strands comprised of 224 pearls and two Cartier diamond clasps, the necklace is estimated at $500,
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sure, but far less than Horace originally paid. The reason for the depreciation has less to do with the reduction in strands than with changing fashion and
an evolving jewelry marketplace.