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In late 19th century France, the Countess Louise, wife of a wealthy general, sells the earrings her husband gave her on their wedding day to pay off her secret debts, then claims to have lost them. Her husband quickly learns of the deceit, which is the beginning of many tragic misunderstandings, all involving the earrings, the general, the countess, and her new lover, the Italian Baron Donati.
In Granada in Spain, Sibilla works as a dancer in a squalid cabaret called El Dorado, struggling to earn enough to care for her sick child. The boy's father Estiria, a prominent citizen, refuses them both help and recognition, fearful of jeopardising the engagement of his adult daughter Iliana to a wealthy nobleman. Iliana however slips away from her engagement party to meet her real lover Hedwick, a Swedish painter. Sibilla, in desperation after a further rejection by Estiria, sees an opportunity to blackmail him by locking the lovers overnight in their meeting-place in the Alhambra.
Abandoned by the father of her child, the begging young mother desperately seeks refuge in a monastery church....
