Here is a $4,000 Set of Diamond Lever Back Earring Drops in 14k white gold. This set is part of a collection of estate jewelry that will be auctioned this week. This set is designed to hang right below your ear- and it has an unusual design that is encrusted in Diamonds. This set of Diamond Earrings has a retail replacement cost of $4,000 and they will be auctioned to the highest bidder at $1 No Reserve.