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Selling Your Diamond Engagement Ring

December 27, 2008 by Administrator · 1 Comment 

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San Diego Jewelry Buyers has updated its Knowledge section for sellers of fine jewelry, gold, diamonds, and watches with advice for consumers looking to sell their diamond engagement ring. “It is always a difficult and emotional situation when someone is thinking about selling an engagement ring or bridal jewelry,” says Alan Blyler, a spokesperson for San Diego Jewelry Buyers, “so we wanted to lay down some practical and personal things to think about before making a decision.”

On the personal side, San Diego Jewelry Buyers recommends that women who are in the process of getting a divorce should wait until the papers are signed before selling their engagement ring and other bridal related jewelry. Feelings among married couples often change at the last minute, and the prospect of losing an engagement ring and wedding band forever should the couple reconcile is something to remember. Customers in need of money immediately are advised to sell less sentimental diamond jewelry, or use it as collateral for a loan.

On the practical side, San Diego Jewelry Buyers informs potential sellers of diamond engagement rings that bridal jewelry which was appraised in the past for insurance purposes was valued at the estimated retail price. This price is much higher than what a customer can expect on the second-hand (used) jewelry market. Consumers who decide to get their engagement ring appraised before they resell it are advised to tell the appraiser that they would like a resell price estimate.

To read the rest of San Diego Jewelry Buyers’ tips for sellers of diamond engagement rings and bridal jewelry (as well as other timely advice on how to sell your gold, watches, and diamonds) please visit the Knowledge section of their website at:

http://www.sandiegojewelrybuyers.com/knowledge/jewelry/51-sell-your-diamond-engagement-ring.html

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Did you know that Mahama Ghandi had a favorite watch that he carried with him? It was a Zenith pocketwatch, and you can read about it at: Ghandi’s Watch Sold at Auction.

Treasure Trove To Be Auctioned Dec. 16th and 17th

December 10, 2008 by Administrator · 1 Comment 

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San Diego buyers of precious metals get prepared. Jewelry, stacks of gold and silver coins, and assorted medals are among more than 3,000 lots of unclaimed property treasures the state is auctioning off at James G. Murphy Inc., located at 18226 68th Ave. NE in Kenmore, beginning at 9 a.m. on Dec. 18 and 19.

The auction will continue each day until all lots for that day are auctioned off. Interested parties can preview items between 8 a.m. and 4 p.m. on Dec. 16 and 17, or online at www.murphyauction.com. Online bids can be made during the auction.

Pocket watches, bars of silver, and assorted souvenirs are samples of items turned over to the State Department of Revenue after banks and credit unions lost contact with owners who rented safe deposit boxes and held the boxes without rental payment for at least five years. The department has sought out owners of the safe deposit contents, but by law must auction off the property within five years of receipt.

The state now holds $650 million in unclaimed property, belonging to three million people, accumulated since the 1950s. In addition to safe deposit contents, unclaimed property includes uncashed payroll checks, savings and checking accounts, and stocks and bonds. Each year more unclaimed property is turned over to the department. An online searchable database and claims system makes it easy to check for property – a system that has enabled the Department to return more than $112 million to about 240,000 rightful owners over the past three years. The database is available at ClaimYourCash.org.

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For those interested in the fine print regarding the trade of gold and silver jewelry, then we have just what you are looking for. Go to the following article for the details: Essential Guide to Trade in Gold & Silver Jewelry.

Burma Ruby Ban Now In Force

October 6, 2008 by Administrator · Leave a Comment 

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San Diego buyers and sellers of antique jewelry and estate jewelry should be informed that last week a long-expected U.S. ban on gemstones from Burma (Myanmar) took effect—some two months after President Bush signed into law the Tom Lantos Block Burmese JADE Act of 2008. Read more

Watch Auctioneer Opens L.A. Office

October 4, 2008 by Administrator · Leave a Comment 

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Buyers and sellers of collectable watches in San Diego will be interested to hear that Antiquorum (the world’s premier watch auctioneer) has opened a Los Angeles office due to an expanded clientele on the West Coast, reports National Jeweler Magazine. The new office is located at 468 N. Camden Dr. in Beverly Hills, and adds to a U.S. presence that already includes headquarters in New York City. Clients will be able to inquire about auction estimates for their watches, consign to upcoming auctions, and ask for advice on timepieces.

Charles Tearle will run the Los Angeles office. Tearle is a veteran of the watch industry and specializes in wristwatches from the 1920s to the 1970s. He recently joined Antiquorum as director and watch expert with a particular interest in Patek Philippe, Cartier, and Rolex sport watches.

Tearle began his distinguished career in horology at Somlo Antiques (a prestigious vintage watch store based in London). He became a watch specialist at Bonhams London in 2004, and two years later was asked to open a watch department for Bonhams in the United States. He is a regular guest on the television series Antiques Roadshow.

About Antiquorum

Antiquorum recently celebrated its 30-year anniversary, after having successfully carved its own unparalleled niche in the auction world. Established in Geneva in 1974, the company has cultivated a thriving collector’s market for timepieces worldwide. In 1994 it added its New York affiliate Antiquorum USA, and since then has continually realized the most impressive world records for sales of watches, clocks, wristwatches, regulators, and marine chronometers at auction.

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If you are a coin collector in San Diego, we have some news that may be of interest to you: US Mint Halts Sale of Gold Buffalo Coins.

Lesotho Unearths 478 Carat Diamond

September 23, 2008 by Administrator · Leave a Comment 

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Gem Diamonds said yesterday that it had recovered a 478-carat diamond from its mine in Lesotho – the 20th-largest rough diamond yet found. The gem had the potential to become one of the largest round-cut diamonds in the world.

The Daily Telegraph reports that the gem was discovered on September 8 at the Letseng mine in Lesotho, a small kingdom inside South Africa. The mine, which was owned by De Beers for many years, has already produced three of the world’s biggest diamonds. These are the 603-carat Lesotho Promise, the 493-carat Leteng Legacy and the 601-carat Lesotho Brown.

Clifford Elphick, Gem Diamonds’ chief executive, said: “Preliminary examination of this remarkable diamond indicates that it will yield a record-breaking polished stone of the very best colour and clarity.” The diamond, which has not yet been named, has the potential to yield a 150-carat polished stone. That would dwarf the 105-carat round-cut Koh-i-Noor diamond seized by Britain from India in the 19th century and now part of the Crown Jewels. It would still only be a fraction of the size, however, of the Cullinan diamond, which was discovered in 1905.

This huge gemstone was 3,106 carats when recovered and yielded a teardrop-shaped diamond of 530 carats – the Great Star of Africa. The Letseng mine is owned by a mining company that is 70pc-owned by Gem Diamonds, with the remaining 30pc held by the Lesotho government. Mr Elphick added: “Letseng continues to reward its shareholders with the production of these significant diamonds and to confirm its position as one of the great mines in the diamond industry.

“With a further 45 years of life remaining, we expect Letseng to make history for many years to come.”

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We at the San Diego Luxury Pawn Shop Report have a special affection and respect for fine mechanical watches, seeing them as a perfect blend of beauty and precision. Thus we were happy to read the following news: New Auction House to Sell Masterpiece Watches.

New Auction House to Sell Masterpiece Watches

September 22, 2008 by Administrator · Leave a Comment 

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Patrizzi and Co. Auctioneers, a new auction house founded by former Antiquorum chairman Osvaldo Patrizzi, has announced its first-ever auction.

The National Jeweler Network reports that the sale of watchmaking masterpieces will take place on Nov. 18 at the Hotel Richemond in Geneva, with collectors also participating via the Internet.

A trio of Breguet timepieces are among the lots to be auctioned off, with Breguet No. 2807, an 18-karat gold and enamel astronomical, equation-of-time pocket watch, among the offerings. The watch was one of an edition of three created by Breguet, but No. 2807 is the earliest of the three and the only one known to still be in its original condition. The watch features mean and true solar time, manual perpetual calendar and phases of the moon. The watch was sold to General Yermoloff in 1817 and is expected to sell between $1,400,000 and $1,850,000.

Breguet No. 2396 is a fine and extremely rare 18-karat gold watch with a “Garde Temps” four-minute tourbillon regulator. The timepiece’s regulator features constant force escapement that has been converted, as well as independent seconds, a 36-hour power-reserve indicator and fast-frequency balance. The watch was also sold to General Yermoloff in 1815 and is expected to fetch between $550,000 and $850,000.

The Breguet and Fils “Horlogers de la Marine Royal,” Breguet No. 3787, is one of three of the world’s first “Garde Temps” deck chronometers with double barrels known to have survived. Made in silver, the watch is one of the first practical deck watches ever made. It is estimated between $160,000 and $180,000.

Additional highlights of the sale include a Vacheron Constantin extra flat minute repeater and a Patek Philippe Ref. 1518, each expected to realize between $180,000 and $360,000.

For highlights and more information, visit the Patrizzi and Co. Web site, PatrizziAuction.com.

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If masterpiece watches are not your style but hip hop jewelry is, then the following article from the San Diego Luxury Pawn Shop Report is right up your alley: Hip Hop Bling Goes to Auction.

Hip Hop Bling Goes to Auction

September 22, 2008 by Administrator · Leave a Comment 

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There are some kinds of jewelry your likely to never find in the cases of your neighborhood pawn shop in San Diego. Like those huge rocks you see being worn by today’s hip hop stars. But that doesn’t mean you can’t get yourself some of that expensive ice.

Some flashy “Bling” will soon be up for auction. Phillips de Pury & Co., which describes itself as the young collectors’ auction house, is planning on presenting “Hip Hop’s Crown Jewels,” a sale of 70 jewelry pieces estimated to raise $3 million. The sale, which is scheduled for Oct. 1, is billed by Phillips de Pury as the first for hip-hop jewelry. The New York preview, scheduled for Sept. 22-30, is open to the public.

The auction house’s Swiss chairman, Simon de Pury, came up with the idea for the auction. Part of the proceeds will benefit charities. The auction house announced that it will make a donation to the National Museum of American History’s initiative to establish a permanent hip-hop exhibition.

Some of the jewelry was presented to the auction by the performers themselves. Other pieces have come from the estates of rappers, such as a diamond and ruby crown-shaped ring owned by the late rapper Tupac Shakur.

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Just because you like hip hop doesn’t been you can’t go green and recycle your gold. Check out what SDJB is doing in: San Diego Jewelry Buyers Sees Gold Rush Going Green.

Catherine The Great’s Pearl Necklace?

September 10, 2008 by Administrator · Leave a Comment 

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A mysterious pearl necklace that may have once belonged to Catherine the Great, Empress of Russia, is this week’s featured jewel. Automotive billionaire Horace Elgin Dodge purchased the necklace from Cartier in Paris in 1920 for his wife Anna Thomson Dodge at the astonishing price of $825,000 – about $8 million in today’s dollars.

The original Cartier invoice states that the “five row pearl necklace, consisting of 389 pearls weighing 4305 grains” was accompanied by an “enamel clasp representing Catherine, Empress of Russia” and “two diamond alternate clasps.” Several newspaper accounts from the ’20s suggested that the pearls did indeed once belong to Catherine; Anna Thomson Dodge’s heirs maintain that Horace bought the pearls from Cartier on that basis.

Now reduced to three strands comprised of 224 pearls and two Cartier diamond clasps, the necklace (above) is estimated at $500,000- $700,000 – a hefty sum, to be sure, but far less than Horace originally paid. The reason for the depreciation has less to do with the reduction in strands than with changing fashion and an evolving jewelry marketplace.

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Come to the San Diego Luxury Pawn Shop Report for all your news on watch and jewelry auctions. Read articles like this: Sotheby’s Magnificent Jewels Auction Expects $64 M.

Skinner Announces Highlights of Upcoming Auction

September 2, 2008 by Administrator · Leave a Comment 

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Skinner, one of the nation’s leading auction houses, has announced highlights of its upcoming fine jewelry auction. The auction, which takes place on September 16th in Skinner’s Boston gallery, features fashions of every style – with almost 600 lots of Art Deco, Victorian, Art Nouveau and contemporary pieces. Read more

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