Thank you! I didn’t fabricate the piece, but the orangy-red Burmese spinel was mine - a gift to the family from my wife and I. This ring was done for the son of a longtime family friend, who I’ve known since he was just a wee little one.
As for cost, you would have to ask @JimGrahlDesign about that, as he was the guy who made it.
I’m a jewelry geek, so as @jo_haemer alluded to… I like my jewelry fabricated “old school” style 
The objective here was that after she wears it for 3 years, no one can tell that it wasn’t made in the 1930s