I have never adhered to the belief that Princess Diana's sapphire earrings came from the watch band.
I think we did see her wearing the converted watch band with those earrings (Sorry,but I haven't looked & so I could be wrong)
I agree with you that the stones in the band of the original watch are larger than those in the earrings, not to mention one lot are cabochons, the other faceted stones.
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