“Why such reduction?”

“Madame,” replied Magus, “the finer the diamond, the longer we keep it unsold. The rarity of such investments is one reason for the high value set upon precious stones. As the merchant cannot lose the interest of his money, this additional sum, joined to the rise and fall to which such merchandise is subject, explains the difference between the price of purchase and the price of sale. By owning these diamonds you have lost the interest on three hundred thousand francs for twenty years. If you wear your jewels ten times a year, it costs you three thousand francs each evening to put them on. How many beautiful gowns you could buy with that sum. Those who own diamonds are, therefore, very foolish; but, luckily for us, women are never willing to understand the calculation.”

“I thank you for explaining it to me, and I shall profit by it.”

“Do you wish to sell?” asked Magus, eagerly.

“What are the other jewels worth?”

The Jew examined the gold of the settings, held the pearls to the light, scrutinized the rubies, the diadems, clasps, bracelets, and chains, and said, in a mumbling tone:—

“A good many Portuguese diamonds from Brazil are among them. They are not worth more than a hundred thousand to me. But,” he added, “a dealer would sell them to a customer for one hundred and fifty thousand, at least.”

“I shall keep them,” said Madame Evangelista.

“You are wrong,” replied Elie Magus. “With the income from the sum they represent you could buy just as fine diamonds in five years, and have the capital to boot.”

This singular conference became known, and corroborated certain rumors excited by the discussion of the contract. The servants of the house, overhearing high voices, supposed the difficulties greater than they really were. Their gossip with other valets spread the information, which from the lower regions rose to the ears of the masters. The attention of society, and of the town in general, became so fixed on the marriage of two persons equally rich and well-born, that every one, great and small, busied themselves about the matter, and in less than a week the strangest rumors were bruited about.