course, makes the danger of losing them much less should the string
break. But mine are not knotted, for a lady once told me that it made the
pearls hang much less prettily; she said it would be quite safe if I had
them restrung every six months. So that is what I do. I had them restrung
just before coming to France."

Madame Wachner reverentially took up the pearls in her large hand; she
seemed to be weighing them.

"How heavy they are," she said at length, and now she spoke French.

"Yes," said Sylvia, "you can always tell a real pearl by its weight."

"And to think," went on her hostess musingly, "that each of these tiny
balls is worth--how much is it worth?--at least five or six hundred
francs, I suppose?"

"Yes," said Sylvia again, "I'm glad to say they have increased in value
during the last few years. You see, pearls are the only really
fashionable gems just now."

"And they cannot be identified like other fine jewels," observed Madame
Wachner, "but I suppose they are worth more together than separately?"
she was still speaking in that thoughtful, considering tone.

"Oh, I don't know that," said Sylvia, smiling. "Each separate pearl is
worth a good deal, but still I daresay you are right, for these are
beautifully matched. I got them, by a piece of great luck, without having
to pay--well, what I suppose one would call the middle-man's profit! I
just paid what I should have done at a good London sale."