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ANSWERS: 1
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The gem itself does not lose value. however, the setting might. If it is platinum, it has probably appreciated with time. If it is yellow gold made before about 1920, it is only about 10 carat as opposed to 14 or 18 used today, so it is less valuable than a modern setting. The condition and intricacy of design would also affect the price. Art Deco is currently a very popular style, so rings from that period are selling quite well. It is difficult for an individual to get full resale price for a ring when trying to resell in most cases. It would probably bring more money at an estate auction or when sold as estate jewelry through a dealer or jeweler. You might consider resetting the stone rather than selling if it is a matter of design you don't like.
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