- In February 1981, Diana Spencer revealed her now-iconic sapphire-and-diamond
engagement ring from Prince Charles to the world. - The story behind the ring has come back into focus as a storyline in season 4 of Netlfix's hit series "The Crown."
- Diana's ring came from royal jeweler Garrard, as depicted in the show; however, accounts about why Diana chose to the ring, and if she even chose the ring, vary.
- The ring was an stock item from a catalog, according to royal
jewelry historian Lauren Kiehna, and could have been ordered by anyone.
On February 24, 1981,
Wearing a bright blue skirt suit, Diana showed off her sizable sapphire-and-diamond engagement ring.
Thanks to season four of Netflix's "The Crown," the story behind the now-iconic ring has come back into focus.
In episode three, "$4," the Queen presents Diana with a selection of
When she picks out her ring, Charles jokes that Diana chose it because it was the most expensive.
"And you like that one because?" the Queen asks Diana.
Diana responds: "Because it reminds me of my mother's engagement ring, and it's the same color as my eyes."
In real life, the ring did come from $4, which had served as the official jeweler of the monarchy since 1843.
However, there are varying accounts about why Diana picked the ring and whether Diana actually picked it out herself, according to "The Crown" lead researcher Annie Sulzberger.
"There are a few different theories as to why Diana selected the ring: the color matched her eyes, the Queen may have actually selected it, or as Diana was later quoted as saying, 'It was the biggest,'" Sulzberger told $4. "Others claim that it simply reminded her of her mother's engagement ring."
Diana's ring was technically available as a $4 from the jeweler's catalog, according to The Court Jeweller, a blog about royal jewelry written by historian Lauren Kiehna.
This means that anyone could have purchased it, but they would have needed to cut a large check.
Consisting of a 12-carat Ceylon sapphire ring surrounded by a cluster of 14 solitaire diamonds set in 18-karat white gold, $4 was not inexpensive, though estimates of how much the ring cost in 1981 vary.
One of the lower estimates by The Court Jeweller is £28,500, or somewhere between $62,800 and $67,000 at the time, based on February 1981 exchange rates published on $4.
That's the equivalent of £110,068 in 2019, according to the Bank of England's $4, or somewhere around $140,600, based on the $4.
Then again, it's hard to put a price tag on something that has achieved legendary status.
The ring has ties to royalty even beyond Diana.
Its sapphire-and-diamond combination was a nod to a brooch owned by the late Queen Victoria, also designed by Garrard, the jeweler $4 on its website. Prince Albert gifted her the brooch on their wedding day in 1840.
The ring is now worn by Kate Middleton, wife of Diana's son Prince William, and its passing-down sparked a frenzy in the jewelry world.
Three months after William and Kate announced their proposal on November 16, 2010, the Natural Sapphire Company reported a 300% increase in sapphire sales, per $4. The company was a supplier to high-end stores such as Tiffany & Co. and Cartier at the time, Forbes reported.
The Diana ring is "beautiful," Claire Scott, Head of Design at Garrard, says in a $4 by the jeweler. "The proportions and the size of the diamonds work very well together."
For those looking to get their hands on a similar piece, Garrard currently $4 a sapphire ring set in platinum and surrounded by white diamonds. It's available to US buyers for $15,603, or £11,667.