£30 In 1954 Is How Much In 2013, Please?

[robert551069]

Could someone please calculate today's value of a diamond engagement ring purchased in 1954 for £30? Thank you.

[jno]

£30 then is £700 now according to this

http://www.thisismoney.co.uk/money/bills/article-1633409/Historic-inflation-calculator-value-money-changed-1900.html

But the value of diamonds and gold can move independently of overall inflation

[Mojo-Jo-Jo]

A lot depends on the quality of the diamond(s). It's not an easy question to answer I'm afraid

[boxtops]

I'd recommend getting a proper jeweller's valuation. I had an engagement ring in 1970 which was worth in jewels more than the straight cash conversion between the different years

[robert551069]

Thank you jno,Mojo-Jo-Jo and boxtops for your prompt and helpful answer.

[Peter Pedant]

Definitely get the objaaay appraised.

You may think that gold and diamonds appreciate at the same rate
BUT for diamonds fashion and price change

I bought at auction a diamond horseshoe which was almost on Antiques Roadshow with Geoffrey Mundy - and what was precisely matched in 1900 was different in 2005. Full of inclusions for a start...OK in 1900 and not OK a hundred years later.....