These intimate details of the confidences between them brought Nepcote to the vital point of his possession of the necklace. He now admitted that his former story was untrue. The actual truth was that he had needed some money badly for his gambling debts. He told Violet of his position, and asked her had she any money to lend him. She had not, and rather than ask Phil, she had, for old friendship's sake, offered him her necklace to raise money on, or to sell outright the diamond in the clasp. He accepted her offer, and went up to London on the following day to try and sell the diamond. Wendover's card had been given to him by a brother officer in France as that of a man who gave a good price for jewels without asking too many questions. But the diamond merchant had not lived up to his reputation. He had refused to look at the diamond. He had been horribly rude, treating him as though he was a pickpocket, and had practically ordered him out of his office. In fact, his whole attitude was so suspicious that Nepcote decided it would be better to leave his gambling debts owing than run the risk of trying to raise money on a married woman's jewels. He returned to the moat-house, leaving the necklace locked in his desk at his flat. At this point Nepcote ceased speaking again, interrupted by a paroxysm of coughing, and when it passed his eyes turned towards the window, as though he were listening to the gentle patter of rain on the panes. For a space the two men sat with no sound in the room except Nepcote's laboured breathing. When he did resume he spoke with a quickened emphasis, like a man aware that he was entering upon the part of his narrative most incredible of belief.