Precious metals are generally measured in troy ounces, so one troy oz of 14k gold is equal to 31.1 grams.
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I have a 14k gold gold pocket watch case that has the same hallmark on it as well. I still haven't found out who the maker is.
It depends on how large the pearls are and if they are real. They can cost anywhere from $179 to $1,020. Look here for examples of an 18 inch pearl necklace with a 14k gold clasp. http://www.pearlnecklacesource.com/categories/Pearl-Necklaces/