What do Jim and Della value most in the world? What do Jim and Della value most in the world by the end of the story?

At the beginning of the story, Jim and Della value things
more than anything else.  For Jim, his prized possession is the watch that he has
inherited from his grandfather.  For Della, it is her long beautiful hair that she
prizes most.

Of course, in the middle of the story, they
each go and get rid of their prized possession.  They do this so they can each buy a
present for the other.

By the end of the story, then, what
they value most is each other and their love for each other.  They have realized that
these are much more important than things are.