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SDJB Opens Diamond, Jewelry, & Watch Vault for Christmas Holiday Shoppers

December 14, 2009 by Administrator · Leave a Comment 

diamondvault SDJB Opens Diamond, Jewelry, & Watch Vault for Christmas Holiday Shoppers San Diego Jewelry Buyers (SDJB), California’s premier luxury pawnbroker of fine gold jewelry, diamonds, Swiss watches, and other luxury assets, has announced that it is opening up its vault for the holidays to help shoppers seeking extraordinary jewelry and gemstones. Read more

The Year’s Biggest Watch Auction

December 2, 2009 by Administrator · Leave a Comment 

patek-philippe-buy The Years Biggest Watch Auction

Bloomberg is reporting that Christie’s International raised 19 million Swiss francs ($19 million) in the biggest watch auction this year. Included in the lots was a collection of 10 Patek Philippe watches for almost double the low estimate.

Nine of the top 10 lots were Patek Philippe, and one was Rolex, in the auction that took place in Geneva. Christie’s estimates the entire sale to raise 10 million francs to 15 million francs.

The most expensive timepiece was a Patek Philippe 18-carat gold watch with a calendar that adjusts for leap years, sold for 2.4 million francs to a Swiss museum, Christie’s said. The collection of Pateks sold for 5.8 million francs.

Watch auctions have been successful, reports Bloomberg, even as Swiss watchmakers suffer from the worst recession since the Great Depression. Rare pieces continue to attract more demand than newly made watches, as Swiss watch exports have dropped 26 percent in the first nine months of this year in value.

A Sotheby’s auction of timepieces in the same Swiss city on Nov. 15 raised 5.1 million francs, within the auctioneer’s estimated range of 4.15 million francs to 5.71 million francs.

In other watch news, the family that controls Porsche SE, the maker of the 911 sports car, is selling watches from its private collection at a charity auction in London today.
Ferdinand Alexander Porsche and his sons have entered 49 watches into a sale to be held by Bonhams on Dec. 2.

The group includes examples by Eterna, Porsche Design, Rolex, Panerai, Jaeger LeCoultre, Breitling and Omega, is expected to fetch 100,000 pounds. Proceeds will be donated to the oncology research department of the Robert Bosch Hospital, Stuttgart, Germany, said Bonhams.

Rolex Sets Record

June 28, 2009 by Administrator · Leave a Comment 

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National Jeweler has published an article covering the sale of watches and memorabilia from the late Steve McQueen, the legendary actor who rose to fame during the 1960s in films such as Bullitt and The Great Escape. The McQeen stash was among the pieces that inspired serious bidding at Antiquorum’s summer auction in New York City.

The June 11 auction brought in a total of $5,706,324, reports National Jeweler, with McQueen’s vintage Rolex, Ref. 5512, fetching an impressive $234,000, which was twenty times its estimate and a world record for that reference.

A total of 81 percent of the 416 timepieces in the summer auction were sold by lot and 122 percent were sold by value. Bids came in from across the globe, including from Hong Kong, Taiwan, Italy, Germany, France and Romania. In addition to the telephone, room and commission bidders, 478 bidders competed via the Internet.

Among the additional McQueen pieces featured in the sale were the actor’s Scott Super Squirrel motorcycle painted by Von Dutch, which sold for $276,000, double its estimate, and the Heuer “Monaco” he wore in the 1971 racing film Le Mans, which sold for a world record $87,600.

Other watches that sold for impressive amounts included Patek Philippe’s rose gold Ref. 5004 and pink gold Ref. 5970, which sold for $252,000 and $132,000, respectively, as well as Patek’s “Limited Edition Annual Calendar with Silicon Escape Wheel,” Ref. 5250G, which fetched a record $138,000.

Rolex’s “Double Red Sea Dweller,” retailed by Cartier, sold for $91,200, and Ref. 6239, a stainless steel “Paul Newman Daytona” attained $84,000, while the “Pro-Hunter Black-Carbon Daytona” sold for $42,000.

In addition, A. Lange and Sohne’s “Pour Le Merite” sold for $156,000, and Jaeger-LeCoulte’s “Platinum Master Minute Repeater,” sold for $126,000.

Rolex: A History

May 30, 2009 by Administrator · Leave a Comment 

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Rolex is one watchmaker that needs no introduction. The Swiss watch manufacturer is the largest single luxury watch brand in the world, producing about 2,000 watches per day. The company’s estimated revenues are around 3 billion US dollars.

Founded in the early 1900s by Hans Wilsdorf and his brother-in-law Alfred Davis, Rolex has always been a leader. Among the company’s innovations are the first waterproof watch case; the first wristwatch with a date on the dial; the first watch to show two time zones at once; and the first watchmakers to earn chronometer certification for a wristwatch. Rolex still holds the record for the most certified chronometer movements in the category of wristwatches.

Rolex participated in the development of the original quartz watch movements, and in 1968, collaborated with a consortium of 16 Swiss watch manufacturers to develop the Beta 21 quartz movement used in their Rolex Quartz Date 5100. The first self-winding Rolex watch debuted in 1931. This not only made watch-winding unnecessary, but eliminated the problem of over-winding a watch and harming its mechanism. Rolex was also the first watch company to create the first water resistant watch to 330 feet.

Rolex has also made a reputation in watches suitable for the extremes of deep-sea diving, aviation and mountain climbing. Early sports models included the Rolex submariner and the Oyster Perpetual Sea Dweller 2000 (in 1971). Another sports model is the Rolex GMT Master II, originally developed at the request of Pan Am Airways to assist pilots in transcontinental flights. The Explorer and Explorer II were developed specifically for explorers who would navigate rough terrain—such as the world famous Everest Expeditions.

Today Rolex operates stores in many urban centers of the world, including: Toronto, Paris, London, New York, Mexico City, São Paulo, Santiago, Buenos Aires, Sydney, Tokyo, Dubai, and Wellington, among others.

If you would like to learn tips about selling a used Rolex, visit: Rolex Selling Tips from a Watch Buyer

California Pawn Shops Increase Business

November 14, 2008 by Administrator · Leave a Comment 

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According to a recent report by Bloomberg, California pawn shops have seen a dramatic increase in business over the past several months. The CEO of Beverly Loan (sitting in an office strewn with 18k gold bracelets, Rolexes, diamonds, and other luxury items worth thousands of dollars) is quoted as saying, not surprisingly, that business is booming. Read more

City Loan & Pawn Shops Form Alliance

November 14, 2008 by Administrator · Leave a Comment 

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City Loan has announced that the company has aligned itself with Abes Pawn Shop in Santa Clarita, California. City Loan hopes that the partnership will increase the company’s exposure to this market, thus eliminating the need for it to open a bricks and mortar location with its subsequent costly overhead. Read more

Antiquorum Watch Auction Sees Record Sales

October 27, 2008 by Administrator · Leave a Comment 

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It is not only jewelry auctions that have been exceeding expectations lately as investors continue to move money into hard assets. Antiquorum reports that its first auction of the fall season brought in $9,892,812 from its sale of collectible clocks, pocket watches, and wristwatches.

In total, 404 pieces were sold. 34 percent of the items were bought via Antiquorum’s online bidding system. Buyers logged in bids from countries around the globe, including China, Germany, and Russia.

The highest sales price went to a Patek Philippe “First Series,” which scored a final bid of $1,514,400. But it was a wristwatch formerly owned by Albert Einstein that sparked the auction’s most intense bidding war. When the gavel dropped the Longines watch from the famed physicist was sold for $596,000, more than 2,000 percent its original estimated value (the highest price ever paid for a Longines wristwatch). Rolex also earned a record amount for its “Platinum Day Date” wristwatch which went for $78,000.

You certainly aren’t going to find those kinds of watches at a San Diego pawn shop, but the these auction results should show you that if you are in need of a good sized cash loan from a pawnbroker, a collectable watch is one of your best items to use as collateral.

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Have you been wondering just what estate jewelry is? Then wonder no longer. We’ve detailed it in this article: What is Estate 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

Selling & Loan Guide For Consumers: Jewelry, Diamonds, Gold, & Watches

September 18, 2008 by Administrator · Leave a Comment 

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**The United States has over 12,000 businesses that buy and sell used jewelry, watches, and diamonds. Not all are the same. When deciding on whom to entrust with your fine jewelry transaction, be selective, do research, and choose only those businesses that specialize and understand the current jewelry market. Read more

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