What is this diamond ring worth?? And what do the markings mean inside the ring??

As I was driving on the highway I notice an older female was broken down. I stopped my car and offered my help, after a few seconds I realized the car was simply out of gas. So I ran to the local gas staion ,got her gas and Put it in the car for her. After this task was completed she took off one of the many diamond rings from her finger and insisted I take it..after many of my declines and her persistency i took the ring..After awhile I began studying the ring. It has one diamond bigger than most wedding rings and four more slightly smaller on each side of thegigger middle diamond. Inside the ring it’s stamped 14 Karat and on the opposit side is a W. Dose this mean white gold??and is the karat identify the diamonds or the gold??

http://honeymoons.about.com/cs/valentinesday/a/buyingadiamond.htm

http://www.24carat.co.uk/valueofmydiamondringframe.html

hope this helps

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