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Auctions

christies new york diamonds Christie’s concludes a remarkable New York Sale . Ten jewels sold over $1m with diamonds being the main crowd pullers

cancelled christies diamond auction Put a Diamond Under Stress, and You Might Crack EVEN a 14-carat pink diamond ring can start looking tarnished if it is immersed in muck. That rose-gold ring, worth up to $15 million by one estimate, was to be the centerpiece of a Christie’s auction last week, until legal actions in Manhattan scuttled the sale minutes before it was to start — on two successive evenings....read cancel christies diamond auction

BUSTED: The dazzling contents of a diamond-smuggling ring - busted by customs officers checking mail - are to go up for auction. Webb's jewellery consultant Christopher Devereaux eyes one worth $58,000.

Diamonds investment at Sotheby's Auction: Rare Blue Six-Carat Diamond Bidding War Breaks 20-Year-Old Record  
. It was bought by Moussaieff Jewellers known for investing in expensive color stones.

At auctions big diamonds go usually very high, but small diamonds are only benefit for the auction houses. People react more at auctions to the design than to the real value from the pieces, and mostly dealers buy and sell at auctions.

The largest diamond found for more than a decade has been sold in Antwerp for 12,360,000 USD.

Selling diamonds at Ebay auctions

found at http://www.entrepreneur.com may 16, 2006

David Wirtenberg, 28 Outrageous Auctions (eBay User ID: outrageousauctions) New York City Projected 2006 Sales: $8 million to $10 million
Description: Engagement rings, wedding bands and other jewelry

Turning Talk Into Sales: David Wirtenberg loves to talk. "I could talk your ear off," he says. "I love what I do. I'm a very passionate person." His ability to make sales, and his prior experience in sales for Bear Stearns and Auto Data Processing, helped him build his business from scratch in 2003. His father-in-law became his inspiration and behind-the-scenes mentor. "He said, 'Let's see if we can sell jewelry on the internet,'" Wirtenberg recalls. "I went to 47th Street in Manhattan. I knocked on every door. I didn't know anything about diamonds at the time. I was looking for suppliers, for an education, anything." He ended up buying a couple of diamond rings, and he immediately sold them for a profit on eBay. "I thought, 'This could be something.'"

Many Facets to His Business: Today, Wirtenberg sells through his websites ( www.outrageousauctions.com   and www.outrageousdiamonds.com ) and through eBay. "I use eBay to get new customers and new traffic," he says. "Most of my diamond auctions start at 99 cents. Sometimes I lose money; sometimes I make money. Whatever makes the customer happy, I do. Our packaging is second to none. Sometimes we pack our diamonds in Faberge eggs [for free]. Once you have customers, you have those customers for good."

Personal Touch: Wirtenberg speaks fondly of the personal connections he has made and recalls the time he and his wife, Danielle, personally delivered a $14,000 ring to a customer in California. "The fringe benefits touch you deep inside," he says. "You play a huge role in people's lives. I have provided advice on people's engagements. I feel I am blessed every single day with the direction this business has taken."