This sterling silver elephant pendant features an inlaid royal blue lapis lazuli cabochon stone on its body

The resale value of this 925 sterling silver elephant pendant ranges between $30 and $60 on secondary marketplaces like eBay and Etsy. 

Value Breakdown

• Material Value: The intrinsic melt value of the sterling silver depends on the total weight of the item. As 92.5% pure silver, it typically commands a baseline commodity value of a few dollars.

• Collectible Value: The primary worth lies in its appeal as novelty animal jewelry and the inclusion of the inlaid lapis lazuli gemstone accent.

• Maker's Mark ("CRZ"): While the manufacturer stamp identifies the specific production workshop https://jewelry.ha.com/ref/designer-marks.zx, it represents a commercial or mass-market jewelry maker rather than a high-end luxury designer, keeping the appraisal in the affordable vintage fashion category