Some unacknowledged truths about money

An illustration of a regency-style raffia bonnet with blue ribbons embroidered with pounds sterling signs against a background of pink satin fabric.
Illustration: Mona Eing & Michael Meissner

|14 min read

The gemstone is a cool turquoise, not a ruby or emerald. The band in which it is set is only nine carats, the lowest concentration that can advertise itself as gold. The small ring nonetheless fetched £152,450 at auction in 2012. A fine result.

This article appeared in the Christmas Specials section of the print edition under the headline “Cents and sensibility”

From the December 20th 2025 edition

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