It looked exactly like the picture.  Others have said it looked too shiny, but I don't think so.  It's a regular silver necklace.  I was looking for something for my husband that wasn't too bulky (why do people think men's necklaces can't be delicate-looking?) and this was exactly what I was imagining.  And he loved it.  The length is good too--it falls about an inch below the hollow of the neck.

Update (Aug 2011): My husband has been wearing this necklace every day for the last 3 years and it still looks good.  It's held up well to the daily wear and tear.