What a gorgeous stone! I love the idea of a custom piece with a family heirloom; meaningful pieces are priceless.
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I don't think it's a waste. It's sentimental. It means something to you. I plan on rebuilding a tiny ring my grandfather gave me some day. I have other things I want to buy So itll be a while until I get to it.
Beautiful! You can't put a value on a piece of family history. You have a lovely diamond, perfect to wear anywhere and at anytime.
It's a real gift to have something from another age worn by your own family.
Also willing to bet your sister's jeweller wasn't going to throw your stone away it is so lovely. Perhaps get an appraisals when your chain is completed just for your own knowledge.
It's a wonderful thing to do! This stone has more value, because of the story behind it and I'm sure it will make a beautiful necklace.