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Internet auction dedicated entirely to gemstones, some with opening bids of just $30, set for May 7

More than 675 gemstones from a single-owner lifetime collection will be offered without reserve (everything sells, regardless of price) in an Internet-only auction now online and slated to begin at 2 p.m. (CST) on Monday, May 7th.

 
 
Fancy 2 carat diamond
Fancy 2 carat diamond
PRLog - May 1, 2012 - NORTHBROOK, Ill. -- (NORTHBROOK, Ill.) – More than 675 gemstones from a single-owner lifetime collection will be offered without reserve (everything sells, regardless of price) in an Internet-only auction now online and slated to begin at 2 p.m. (CST) on Monday, May 7. It is the first-ever gemstones-only auction ever conducted by UniversalLive.com, based in Northbrook, Ill.

   Bidding is already underway, through LiveAuctioneers.com and iCollector.com. About 180 lots are posted, but many are in multiples (to include “trays” -- cased displays of 13-25 gemstones offered as a single lot). Up for bid are diamonds, green and blue emeralds, sapphires, topaz, citrine, garnet, alexandrite and more. All are cataloged and displayed in plastic cases.

   While the auction is absolute, each lot does carry a modest opening bid – often as low as $30. “This is an extraordinary opportunity for bidders to acquire beautiful, authentic gemstones for 50 percent less than even the wholesale price,” said Martin Shape of UniversalLive.com. “To see opening bids of less than $100 for some truly dazzling stones is really quite extraordinary.”

   He cited as an example of a potentially fantastic buying opportunity the first item up for bid: a 2.16-carat fancy round-cut diamond, gray in color and with a clarity grade of I-3. The stone has an opening bid of $500. “That diamond would easily wholesale for between $1,000 and $1,500,” Mr. Shape remarked. “This is what I mean. The deals in this sale are outrageous.”

   And the $30 opening bid figure is no aberration. Stones with a $30 opening bid include a whopping 6.39-carat pink kunzite gemstone, clarity ungraded; and a nearly as large 6.25-carat oval blue sapphire with VVS clarity. Also, a 1.23-carat tanzanite violet cushion gemstone has an opening bid of just $45, while a tray of 15 tsavorite green oval gemstones opens at a low $55.

   One lot that will appeal to gemologists and collectors alike is the set of four gemstone identification kits, with over 150 stones in all. Each gem features a polished version, as well as one in matrix (its raw form). Each identification kit (or tray) is identified with a  label, and set in individual compartments. The lot has an opening bid of $750 and should fetch $1,500-$2,300.

   Diamonds will feature a 1.03-carat natural round-cut white diamond with I-2 clarity and graded H overall (OB: $250); a 2.72-carat round-cut loose black diamond, color enhanced and opaque, A-1 for clarity (OB: $150; “Just try getting a black diamond that size, even wholesale, for $150,” Mr. Shape stated); and a .80-carat fancy-grade gray diamond, SI-2 clarity (OB: $180).

   Emeralds will include a 6.69-carat bright glowing green emerald, oval in shape, with S-1 clarity (OB: $325); and a 27.29-carat ametrine purplish yellow emerald gemstone, ungraded but with an opening bid of just $70. Also sold will be a 24.02-carat citrine top orange emerald-cut gemstone, VVS clarity (OB: $60) and a 20.82 citrine yellow round stone, ungraded (OB: $50).

   The trays are certain to attract keen interest. Examples include a group of 25 sapphire gemstones totaling an impressive 60.05 carats and coming in a variety of colors (blue, pink, violet-blue, orange and yellow), ranging in clarity from none to VVS to opaque (OB: $300); and a tray of 18 sky blue tourmaline topaz stones totaling 0.05 carats, in varying grades (OB: $160).

   Other lots expected to do well include a 12.48-carat pear-shaped purple/raspberry alexandrite stone with IF clarity and diffusion graded (OB: $300; “a truly gorgeous gemstone,” Mr. Shape said); a 1.76-carat green-orange oval alexandrite stone with IF clarity (OB: $90); and a stunning 5.80 carat yellowish green garnet gemstone, oval and with SI-1 clarity (OB: $475).

   The auction will feature more than just the 675-plus stones in the single-owner collection. Also offered will be highly graded gemstones, with appropriately high pre-sale estimates. Two tanzanite stones expected to do well include a 14.01 loose example with fine color and clarity (est. $13,000-$16,200) and a 13.26-carat oval stone, also fine overall (est. $11,380-$14,220).

   Diamonds that should command high prices include a 2-carat brilliant oval diamond with VVS-2 clarity (est. $28,500-$35,620); a 2.04-carat round-cut loose diamond with I-1 clarity (est. $15,000-$18,750); a 1.04-carat round princess loose diamond with brilliant VS-1 clarity (est. $10,800-$13,500); and a 1.11-carat round stone with SI-2 clarity, I color (est. $9,200-$11,500).

   UniversalLive.com was founded in 1995. The firm has conducted thousands of Internet-based auctions through various venues. Online bidding for most of the auctions is facilitated by LiveAuctioneers.com, iCollector.com and the firm’s own website, www.UniversalLive.com. The firm attributes a large part of its success to proprietary software, which is easy to use and track.

UniversalLive.com specializes in collectibles, militaria, sports memorabilia, fine art, coins, jewelry and other items. The firm is always accepting quality consignments for future sales. To consign an item, a collection or an entire estate, you may call them at (847) 412-9900; or you can e-mail them at marty@universallive.com. All e-mail inquiries are answered promptly.

   To learn more about UniversalLive.com and the Spectacular Gems Auction currently underway, please log on to www.UniversalLive.com. Updates are posted frequently.
   
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Contact Email:
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Source:Universal Live Auctions
Phone:(847) 412-9900
Zip:60062
City/Town:Northbrook - Illinois - United States
Industry:Jewelry, Event, Business
Tags:gemstones, diamonds, emeralds, Sapphires, auction, alexandrite, topaz, citrine
Shortcut:prlog.org/11863721
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