Hand fabrication manufacture. There is a slight irregularity to the pierce work and on close inspection will show lines left by the cutting saw. Shows signs of hand use of tools on the milgrain edges. Hand made tube catch. Quality of craftsmanship is average to good.
The diamonds tell a good story, as they are a mixed melange of cutting styles from different time periods. My opinion is that it was custom made to use a client’s diamonds from older jewelry, or the jeweler used older diamonds from jewelry that had been scraped. All appear to be of low clarity and manufacture. RED FLAG: Mixed melange diamonds typically are not matched well, often have chips and nicks from improper removal from old settings, and will have a lower value than well matched period diamonds of equal color and clarity. RED FLAG: The center diamond and setting are replacements. It has been altered and lowers my evaluation of the pin. However, a well done restoration of the mounting and a vintage diamond replacement will improve the value.
RECOMMENDATION: This style of period pin is readily available, so I would pass on this one. Look for one that has not been altered and with well matched diamonds and you will make a better investment.
I am happy to consult on period jewelry for appraisal, repair or selling.