Preliminary identification

Macy's Sterling Silver Interchangeable Gemstone Disc Pendant Set

Photo reference

2 uploaded photos

Overview

A versatile sterling silver pendant designed with a hinge mechanism that allows the wearer to swap out interchangeable gemstone discs to match different outfits. The set includes a sterling silver frame alongside multiple polished stone cabochon inserts, including black onyx, rose quartz, mother-of-pearl, and reconstituted turquoise.

Story

Popularized in the late 1990s and 2000s, interchangeable jewelry offered everyday wearers dynamic versatility without requiring multiple expensive silver mountings. Department stores like Macy's created boxed gift sets that allowed women to customize their look on the go.

Maker / Origin

Macy's, founded in New York City in 1858 by Rowland Hussey Macy, grew into one of America's most iconic retail department stores. Their fine and fashion jewelry departments became famous for offering accessible, trends-focused sterling silver and gemstone sets packaged specifically for holiday and gift-giving seasons.

Condition & Value

Appears to be in like-new or mint condition in its original Macy's presentation box, complete with the original store price label of $50. Retention of the original packaging helps preserve maximum retail secondary value. Retail price was originally $50 as indicated on the sticker.

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Sold comps, value drivers, and venue guidance pulled from recent auction results.

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Market Analysis

Comparable demand stays strongest where maker, originality, and venue confidence line up. Broader examples still trade, but the range tightens quickly when provenance, condition, or selling lane fit is missing.

Value Drivers

  • Strong maker attribution with credible period details
  • Better-than-average condition for the category
  • Broader demand rises when presentation and finish feel intact

Concerns

  • Decorative-only demand limits the ceiling
  • Surface wear or missing provenance can compress the range fast
  • Regional sale lanes often underperform specialist venues

Best Venue

Specialty auction or a focused dealer with buyers already in this lane.

Comparable Sales

5 comps
Regional auction· Jun 2024
$1,280

Signed example with light edge wear and original frame.

Dealer archive· Mar 2024
$1,450

Comparable format with stronger provenance and cleaner surface.

Marketplace sale· Jan 2024
$980

Smaller related piece with visible craquelure and trimmed margins.

Estate platform· Oct 2023
$1,150

Period match with softer condition and weaker subject matter.

Auction result· Aug 2023
$1,375

Close market lane comp with similar material and presentation.