Posts Tagged ‘ diamond ’

Industry Update: Diamonds May Surpass Gold for Investing

A scattering of "brilliant" cut diam...

Image via Wikipedia

According to David Parkinson of The Globe and Mail , there’s a sly little gemstone sneaking up stealthily behind gold to become the big-ticket investment grab of the year. While gold can’t seem to stay out of the headlines, diamonds have been steadily gaining Wall Street-cred in their own right.

Traditionally, diamonds and gold move in the same direction on the charts, but since the 2008 financial crisis, gold has skyrocketed thanks to its reputation as a solid way to store wealth. Diamonds, meanwhile, experienced “a recession-driven drop-off in jewellery sales” that weighed heavily on their market value. But over the course of the last year, diamonds are again trending upward as investors start to realize that diamonds may just be an even better investment than gold.

“Diamond companies look underpriced versus gold, [platinum group metals] and silver (SI-FT) stocks on a [price-to-net-present-value] basis,” wrote Edward Sterck, diamond-producer equity analyst for BMO Nesbitt Burns in London, in a recent research report.

Whether diamonds are actually a sounder investment than gold is debatable, but according to analysts “the outlook for gems looks strong on a good old fashioned supply-and-demand basis.”

Since 2006, the mining and production of diamonds has dropped off significantly. Diamond producers aren’t actively seeking new mines, or even doing much with those they’ve already established. Rather, they’re depleting the existing supply of diamonds, while a new demand lurks on the Eastern horizon.

China and India are producing a surge of new consumers eager to buy jewelry, which is viewed as a long-lasting investment especially in their cultures. According to the Globe and Mail, “Last year, diamond demand jumped 31 per cent in India and 25 per cent in China.”

Meanwhile, in the U.S., the diamond demand jumped 7% in 2010 – solidifying diamonds as a sound investment for wealth and not just the jewelry box.

To read more, visit The Globe and Mail’s website.

Liz for Raymond Lee Jewelers, your trusted source for jewelry industry updates, news and trends.

Enhanced by Zemanta

Feature Friday: September’s Sapphires

Welcome to September, readers. This month ushers in fall, football, and a new birthstone: sapphire. From the Greek word sappheiros, meaning “blue stone” sapphires are a precious gem that come in many colors. In fact, when a sapphire is deep rep, it is considered to be a ruby, which has an identical composition to that of sapphires.

Depending on the color of a sapphire, it is believed to bring the wearer full creative potential, inspiration, luck, and clarity. We think that while these are all desirable, a piece of sapphire jewelry is even likelier to bring you compliments en masse. Check out some of Raymond Lee Jewelers’ picks for September’s birth stone.

Poiray 18K Yellow Gold and Pink Sapphire Pave Ball Ring

This fun and bright pink sapphire ring is a stunning addition to any jewelry collection.

18K White Gold and Multi Colored Sapphire Line Bracelet

 This brightly-hued bracelet showcases sapphires in a variety of colorways and complements nearly every outfit.

Valente 18kt White Gold Sapphire and Diamond Ring

 Pink, green and sky blue sapphires stud this white gold ring and surround a wave of diamonds. The gradation of the stones creates one of Fall’s biggest trends, ombre, in a beautiful palette.

18kt White Gold Diamond and Sapphire Bracelet

This updated take on the classic tennis bracelet features stunning blue sapphires and diamonds accenting dual bands with funky geometric shapes. It’s the perfect combination of modern and vintage that makes this piece completely unique.

18K White Gold Diamond and Sapphire Men's ID Bracelet

Last but not least, this piece is for the September-born gents in your life. Crisp, white gold bars bracket clean lines of sapphire and diamond rows to create a luxurious and masculine work of art for his wrist.

So, September babies, what is your favorite color variation of sapphire? Are you pining for any of these pieces? If so, you’re in luck – all sapphire jewelry is 10% off for the month of September. Consider it your birthday gift from us!

Liz for Raymond Lee Jewelers, your source for pre-owned sapphire jewelry.

Enhanced by Zemanta

Industry Update: Jessica Simpson to Debut Fine Jewelry Collection

When Jessica Simpson stepped onto the scene in the late 90’s as one of the day’s pop-starlets, not too many people would have guessed that a decade later she’d be at the helm of a fashion empire.

Jessica Simpson, jewelry, raymond lee jewelers

Courtesy of US magazine

The blonde beauty has turned her Jessica Simpson Collection company into a billion-dollar firm, encompassing clothing, shoes, handbags and accessories. Her denim line is sold in more than 650 department stores, and apparently consumers truly cannot get enough of the J. Simps brand.

Zales announced earlier this week that in October 2011 it will debut a collaboration with Jessica Simpson and Firestar Diamonds called “Diamonds are a Girl’s Best Friend.”

“Jessica Simpson is viewed as the girl next door, and our guest is a midmarket guest and we believe she is someone that they can identify with. She has great reach and great power across a number of different categories, so doing a diamond fashion collection made perfect sense,” Zales’ CEO Theo Killion tells Women’s Wear Daily.

The line will feature pendants, rings, bracelets, earrings, and bangles in gold, silver and diamonds, and prices range from $79.99 to $999, making the line easily accessible to Simpson’s enormous fan base.

White gold and diamond heart pendant from Simpson's collection

Jess tells Woman’s Wear Daily: ““I love that a piece of fine jewelry can be passed down from generation to generation. I cherish the pieces that were given to me, so it is really special to be able to design my own.”

RLJ readers, are you excited to see this line of fine jewelry? Are you a fan of Jessica Simpson’s fashion empire?

Enhanced by Zemanta

Wedding Wednesday: Engagement and Wedding Jewelry Trends for 2011

Key Trends from The Knot & WeddingChannel.com’s Bridal Jewelry Study

engagement statistics, average cost of engagement ring, raymond lee jewelers

Stats via MarketWatch.com

Yesterday, TheKnot.com and WeddingChannel.com released the results of its Engagement & Jewelry Study, which surveyed more than 10,000 U.S. brides and 1,000 U.S. grooms engaged or married in the past year. This study is the most comprehensive survey of wedding jewelry purchases, and shows some clear trends for 2011 – Raymond Lee Jewelers breaks it down.

Most Grooms Aren’t Basing Their Budget on the Economy

With the economy making a measly recovery (on a good day) one would think that engagement ring sales would have taken a big hit, but grooms aren’t skimping on the most important purchase of their lives. Only 14% of men said that they had purchased a less expensive ring due to the shaky economy. The average cost of an engagement ring is around $5200, down only $600 from 3 years ago, while the luxury engagement ring segment spends an average of $13,500.

Round Rings Rule

Rounds remain the most popular choice for engagement rings with 53% of brides opting for a round diamond. The luxury segment prefers rounds even more, with 57% of luxury engagement rings featuring round diamonds. And while princess remains the next most popular cut, cushion cut diamonds are trending for both the typical engagement segment and luxury segment.

Among the Luxury Segment, Tradition is Tops

Perhaps the reason that rounds shine brighter among the luxury segment is their classic shape. Also, luxury engagement rings feature larger center stones and might only require one large, solitaire round to make a statement. Another tradition among those who live luxe? Grooms asking the bride’s father for permission – a whopping 80% of them asked Pops before popping the question. One tradition that spans across both segments? Getting down on bended-knee: 77% of grooms opted for this.

Uniqueness is Prized

Grooms are choosing to add personal elements to pre-existing ring designs or to commission original designs. 41% of grooms, and 59% of grooms within the luxury segment, are adding to or creating new designs. Additionally, while white gold remains the most popular metal, grooms are favoring metals like tungsten and titanium in their rings.

Grooms are Sticking to Brick and Mortar Stores

Only 9% of grooms purchased their rings from online retailers, while 35% of them bought the ring at a national jewelry chain. Local and independent jewelers, like Raymond Lee Jewelers, accounted for 39% of all groom’s engagement ring purchases. And regardless of the name on the receipt, brides are gently nudging their beloveds towards “The One”, with 65% admitting to being “somewhat involved” and 31% “very involved.”

Jewelers, what kinds of trends have you noticed in engagement and wedding jewelry sales? Brides & Grooms, share with us your purchasing process in the comments below.

Liz for Raymond Lee Jewelers, South Florida’s choice for pre-owned luxury engagement rings.

Kim Kardashian’s Wedding Day Jewels

Last week we gave you a primer on what was sure to be the wedding of the century summer. That’s right, Kris Humphries is now officially Kris Kardashian, and we promise to stop blogging about this wedding…someday. All jokes aside though, the new Mr. Kim and his bride pulled out all the stops to throw an all-out, glam, Austrian crystallized wedding.

Courtesy of People Magazine

But the sparkle was certainly not limited to the enormous homage to Swarovski and Jesus that hung upon the altar. All eyes, presumably shaded to protect from blinding by bling, were on the bride’s diamonds.

First up, The Ring. It’s been blogged about. It got a People spread. It has convinced this jewelry reporter to give emerald cut diamonds, like peace, a chance. And, as is the norm for any wedding (right?), It sparked envious stares and minor neck strain in Kim’s unengaged guests as It made Its way down the aisle.

Kim Kardashian Engagement Ring, Raymond lee Jewelers

That’s $2 million worth of carbon right there – deeply discounted in exchange for the global exposure designer Lorraine Schwartz is now enjoying.

And, natch, you can’t have a ridiculously huge engagement ring without a coordinating wedding band. So Schwartz crafted this stunning platinum eternity band with more emerald cut diamonds, an estimated 15 carats worth.

Understated and demure, no?

To get the proper impression of the bridal set, here they are worn together as K2 departs for their honeymoon.

No one ever accused Kim of aiming for subtlety.

As a tribute to Audrey Hepburn (not Princess Jasmine, contrary to popular belief among anyone born in the late eighties), Schwartz created this 65 carat headpiece studded with diamonds and dripping with – you guessed it- diamonds.

Love it or hate it? The look is luxe, but definitely polarizing.

Kris’s wedding gift to Kim was this knotted diamond bracelet. Get it?

Because they tied the KNOT! And both their knames start with K!

Last but not least, Kim attributed her final “something borrowed” again to Lorraine Schwartz, who is quickly surpassing Jacob the Jeweler for star street cred master. These heart-stopping drop earrings are 28 carats of pure loveliness.

Kim Kardashian Wedding Earrings

Now these we can get onboard with.

Overall, Kim’s wedding day jewels were worth an estimated $10 million. So now that we know what she wore (Diamonds. Some bigger than a teacup Chihuahua), how she wore them (Both conventionally and on her forehead), and what they cost (Enough to put a dent in the deficit) – there’s only one thing left to learn. What do you, dear readers, think of Kimmie’s jewels? Would you rock a totally unique trend on your big day, like a headpiece? Would you want a 20.5 carat ring if you had the option? Most importantly, am I crazy for thinking the earrings are actually tasteful? Maybe I stared at the rings for too long…

Liz for Raymond Lee Jewelers, your trusted source for wedding jewelry and luxury watches.

Wedding Wednesday: Colored Bridal Jewelry

If we can use one, and only one word to describe this season’s must-wear wedding jewels, it’s this: Color, with a capital C.

colorful bridal jewelry, Raymond Lee Jewelers

Brides-to-be across the globe are going gaga for precious stones in every hue of the rainbow. From Brides to The Knot, the powers-that-be in the wedding world have shouted their support for this colorfully gorgeous trend. Raymond Lee Jewelers is South Florida’s first and most trusted source for luxury pre-owned precious gems, and we’ve found a stone for every bride in love with both their groom and Roy G. Biv.

Rubies

ruby, diamonds, raymond lee jewelers

18K Yellow and White Gold, Ruby and Diamond Necklace

Rubies are incredibly rare precious gems prized beyond diamonds in some cultures. The most desirable rubies are called “pigeon blood” rubies which, admittedly, is pretty gross, but the color of these stones is incomparable. Brides who wear rubies down the aisle are passionate, fiery and luxe. “The ruby definitely is something to smile about for its exquisite beauty when set as jewelry, and because the ruby also stands for peace and contentment.” – admirable attributes of any marriage.

Topaz

Orange Topaz and Diamond Pendant on Amazon.com

Topaz are the birthstone of the month of November and are famed for their amber hues, but they range in color from pink, yellow blue, peach, gold and even green. Like diamonds, topaz are graded by the 4 C’s, and are impossible to identify with the naked eye when compared to look-alike Citrine. Orange topaz represent constancy, loyalty, faithfulness and strength, making them an excellent choice for wedding-day jewels.

Yellow Diamonds

Yellow Diamonds, Tiffany, Raymond lee jewelers

Tiffany Yellow Diamonds

 Once thought to be inferior to just plain ol’ regular diamonds, the yellow diamond (or Fancy colored diamond) has quickly leveled the playing field with its crystal clear cousin. Celebs, perhaps most noticeably Mr. Gucci Mayne, have popularized fancy and intense colored yellow diamonds, leaving brides-to-be clamoring for this stunning, sunny rock. Tiffany & Co., in honor of their famous Tiffany Yellow Diamond jumped on this timeless yet trendy bandwagon with a slew of lovely yellow diamond jewelry.

Emeralds

emerald jewelery, rose gold, diamond, vintage, Raymond Lee Jewelers

Vintage emerald, rose gold and diamond bracelet.

With gorgeous deep green all over the runways this season, no stone is more Fall-ready than emerald. These gorgeous stones dazzle in pure green and shine with uniqueness. Emerald green is “…the colour of beauty and of constant love. In ancient Rome, green was the colour of Venus, the goddess of beauty and love….
The magnificent green of the emerald is a colour which conveys harmony, love of Nature and elemental joie de vivre.”

Sapphires

Raymond lee Jewelers, Princess Diana sapphire, sapphire earrings

Diana sapphire, diamond 14 kt white gold earrings

For fast approaching September nuptials, why not wear next month’s designated birthstone? Sapphires come in a variety of colors naturally, including pink, but are famed for their gorgeous blue tones. It is believed by some that sapphires “promote joy, faith, hope and protection during long journeys.

Amethyst

Raymond lee Jewelers - Cariter 18 kt gold and amethyst ring

Cartier 18kt White Gold and Amethyst ring

Gorgeous amethyst stones range from lavender to royal purple in color; it is the stone associated with nobles from Catherine the Great to the ancient Egyptians. Its name is derived from the Greek word for “not drunk”; even if your jewels can’t steer your hubby’s fraternity brother groomsman away from the bar, rest assured that your guests will only be focused on your stunning purple gems. Amethyst, according to Leonardo Da Vinci, “holds the power to dissipate evil thoughts and quicken one’s intelligence.”

Brides-to-be, are you planning on donning colorful jewels for the big day? Did your fiance gift you with a colorful engagement ring? Discuss in the comments below!

Liz for Raymond Lee Jewelers, South Florida’s first choice for vintage and luxury pre-owned bridal jewelry.

Jewelry Appraisal- Appraise! Appraise, and Re-Appraise!

Jewelry Appraisal – Appraise! Appraise! and Re-Appraise!

Have your jewelry appraised! Theft is on the rise and if your jewelry hasn’t been recently appraised, it needs to be! Diamonds, gold and platinum have made huge gains over the last couple of years and if you haven’t had your jewelry updated with your insurance, you could be potentially loosing more than  your jewelry if stolen!

jewelry appraisal

Have You Appraised Your Jewelry Lately?

Diamonds have increased in value almost 50% while platinum and silver have seen historical jumps in value as well.  Once you have had your appraisal, you need to call your insurance agent right way to update and validate the new value of your precious jewelry.  For example, if you paid $5,000 for a diamond necklace more than 5 years ago, it could cost you $10-$15,000 today if you had to replace it!  Of course non of us want to think about our homes being broken into, but it is a common occurrence and we can never be too careful.

Where can you find a reputable appraiser that you can trust?  One suggestion is to go through either THE NATIONAL ASSOCIATION OF JEWELRY APPRAISERS or THE AMERICAN SOCIETY OF APPRAISERS. These professionals are considered ethical and are required to be continuously educated.  Or you can go to your Boca Raton, FL own Raymond Lee Jewelers to meet with their own in-house expert and can help guide you to ensure protection and appraisal accuracy.

 

jewelry appraisal 

Also, please remember to contact your insurance agent to be aware of your insurance policies and making updates to policy to be ensure you are most protected.

By Raymond Lee Jewelers. For information regarding jewelry appraisal!

Rapaport Reports on Jewelry Industry Inflation and Diamond Trading Trending

Rapaport Reporting: Jewelry Industry Inflation

From: rapaportgroup  | Jun 23, 2011  | 95 views
RAPAPORT…
Jewelry inflation in the U.S. continues as the price of precious metals and diamonds climb. According to comScore, the popularity of online video and the ever-changing habits of viewers present an opportunity to advertise your brand.
A report from Rice Universityassociate professor of management, Utpal Dholakia, businesses can gain traction using “daily deals” websites, but there are many elements a brand must consider. Over the next few years, it is likely that daily deal sites will have to settle for lower shares of revenues from businesses compared with their current levels, and it will be harder and more expensive for them to find viable candidates to fill their pipelines of daily deals, according to Dholakia. In his third study – the most exhaustive study done to date on the daily deals industry – Dholakia found that there is very little difference between companies in the ever-expanding competition for consumer dollars, and it will be difficult for any one site to stand out from the others.”

Rapaport – Information That Means Business

Check out what Rapaport Reported on the Success of the

June Hong Kong Jewellery & Gem Fair!!!

See Video HERE: 2011 JUNE HONG KONG JEWELLERY & GEM FAIR

The Hong Kong International Jewellery Show wrapped up this week on an extremely positive note with a new record of 37,000 total attendees. The show attracted more than 2,800 exhibitors from 46 countries and regions — making it the largest for this show’s history. The number of buyers increased by 16 percent overall and the number of overseas buyers increased by 23 percent, led by Hong Kong’s three major export markets for fine jewelry — buyers from the U.S. rose 22 percent; buyers from France increased by 30 percent and buyers from Switzerland rose 6 percent. Buyers from emerging markets increased as well. Buyers from the Chinese mainland rose 33 percent, buyers from India rose 41 percent, Russian buyers in attendance increased 27 percent, Brazilian buyers rose 29 percent and there were 16 percent more buyers from Japan at this year’s show.

The Diamond Trading Company opened its 2012-contract period sightholder process this week. Those intending to register for this first round for sights in London, Botswana and Canada must submit audited financial information and a meet certain requirements regarding minimum revenue stream and rough utilization during each of the past three years. Applicants for sights in South Africa and Namibia have lower minimum requirements. All applicants must prove that they adhere to De Beers best practice principles and guarantee that they never traded diamonds outside of the Kimberley Process. The next phase of the sightholder application begins on April 18.  More information is available here.

Cartier Panther Collier with Emerald Eyes and a Black Onyx Nose: Feature Friday, Here We Go!

Cartier Panther Collier:

A Golden Feature Friday

Cartier Panther Collier

I once was wondering through a metallic forest, plagued with exhaustion and without a compass, when rapidly to my rescue ran…

A majestic golden panther that lit up the land.

Through a bewildered haze, I did hear him say, “Hello, my dear. I am Cartier”.  He said to rest, said that everything would be just fine. I awoke in my home, with no forest in sight. All I remember of the panther who saved me are his black onyx nose and the way it seemed to glow, with enchanting emerald eyes glowing as he delivered me to safety.

“I am Cartier”

Cartier Panther Collier

A premonition this dream must have been because…

Cartier has come back again!

This time, in the form of an incredible Panther Cartier Collier necklace, still watching the world through those bright emerald eyes and wearing a boldly vibrant black onyx nose. In 18k Yellow Gold, a 16″ Panther Cartier Collier Necklace exquisitely holds the regal Panther. With emerald eyes and black onyx facial accents, this Cartier piece weighs in total 65.7 dwt.

This Authentic Cartier 18K Yellow Gold Panther Collier Necklace comes BRAND NEW w/ Papers! 

Collier: noun
A wide necklace encircling the neck from throat to chin

Panther Cartier Collier Necklace: Brand New w/ Papers

Raymond Lee Jewelers: Rothstein Auction a Go-Go! (…and a pretty grey logo.)

Raymond Lee Jewelers:

Rothstein Auction A Go-Go

Video Capturing the Rothstein Auction Festivities: http://youtu.be/mi8VF6EfbzA

Lee Josephson, Raymond Lee Jewelers VP, Offers a Philosophical Perspective on the Rothstein Auction during an interview with WPTV News, Channel 7:

http://bit.ly/LeeJosephsonWPTV

 Reporter Paul Brinkmann has been continuously publishing updates, following today’s

Scott Rothstein auction action. Once again, South Florida Business Report features Raymond Lee Jewelers. 

Right on, Mr. Brinkmann!

Lee Josephson of Raymond Lee Jewelers in Boca Raton bids on a Patek Philippe yellow gold watch, but dropped out after a while.   “Lee Josephson of Raymond Lee Jewelers in Boca Raton bids on a Patek Philippe yellow gold watch, but dropped out after a while.”

‘Rothstein Mercedes fetches $73,500, Piaget watch $77,500’
 South FL Business Journal Report by Paul Brinkmann

«to full article

Ultimately, the auction was a great experience and lots of excitement surrounding the event certainly stirred things up as lines began to form of South Florida jewelry professionals, collectors and victims of Scott Rothstein’s massive ponzi scheme looking for vengeance, in any form.

A variety of interpretations surrounding the auction have published since this morning. Certain sources are elaborating on the fact that so many pieces were paid above retail value for. Other views within the local press maintained a collectors perspective, pointing out that some items can become collectibles because of the stories tied to them… This, I tend to agree with, even if the story is not all that pretty.

  • For more information about selling your designer handbag, shoes and more, visit the following link:

http://raymondleejewelersblog.com/2011/07/01/feature-friday-a-chanel-surprise-coming-your-way/)

Rothstein Auction Acquired Piaget Watch

Although Josephson won less bids than he hoped, he says there’s a serious lesson here.

“It shows how ridiculous someone is when money is no object. I’m blown away by how many watches Rothstein owned, he has more than most stores have in stock. I hope the people who got burned are reimbursed,” says Josephson

WPTV Channel 5  reported on the days events at the

Rothstein ‘ponzi auction’,

as well as the

WSVN Channel 7 Miami/Fort Lauderdale News.

—————————————————————————————————————————– 

Enjoy Some Highlights From Today’s Leading Press Outlets...

And…

Ponzi schemer Scott Rothstein may be serving time, but his white gold Piaget watch sold for $77,500 on Wednesday.

Think that’s a lot? Around 1 p.m., a new auction high was set on a limited edition Concord watch for $100,000. There was also a white gold Franck Muller watch that fetched $47,500 and a Patek Phillippe watch that went for $61,000.

Crowds Gathered Early at the Scott Rothstein Auction

Rothstein Auction Preview: Raymond Lee Jewelers In The News

As we reported to you yesterday, Raymond Lee Jewelers will be attending the high-profile South Florida auction of Scott Rothstein remains.  Diamond, jewelry and luxury watch collection remains, that is.  The US Treasury Auction of Seized and Forfeited Property, under the management of Rick Levin & Associates, Inc., will be held at the Broward County Convention Center in Fort Lauderdale, FL. The auction will officially begin at 9 a.m. on July 13, 2011.

Following yesterdays ‘Rapid Reporting’ of the Scott W. Rothstein auction preview, Raymond Lee Jewelers was highlighted by Forbes.com and the South Florida Business Journal as the leading forefront of attending jewelry industry professionals.

pbrinkmann@bizjournals.com | (954) 949-7562 On Twitter: @SoFlaBrinkmann

Photo Credit: Mark Freerks/ "Lee Josephson of Raymond Lee Jewelers examines a watch up for auction."

Jewelers are among the early crowd previewing the watches, jewelry and cars that make up the latest auction of Ponzi schemer Scott Rothstein’s ill-gotten booty. There are 203 watches, including such brands as Piaget and Rolex; a 2009 Mercedes-Benz, a 2008 Corvette and a 2009 Corvette Z06.

Read Full Article ‘Jewelers turn out for

Rothstein auction preview’ South Florida Business Journal

Forbes.com: ‘Jewelers turn out for Rothstein auction preview’

More information on auction items available at Rick Levin & Associates, Inc.

Scott Rothstein Auction Preview: ‘Rapid Reporting’ Hot off the Auction Block via ‘Raymond Lee Jewelers’

‘Rapid Reporting’

Raymond Lee Jewelers has become an active participant in the Scott W. Rothstein estate auction, taking place on July 13, 2011 at the Broward County Convention Center in Fort Lauderdale, FL.

Raymond Lee Jewelers Arrival: Scott Rothstein Auction Preview

And Now… A Raymond Lee Jewelers ‘Rapid Reporting‘: Scott W. Rothstein Auction PREVIEW!

Raymond Lee Jewelers President,  Jeff Josephson, had been contacted by the Sun Sentinel shortly before this initial post, on behalf of Rick Levin & Associates, whose professional brokerage firm has been handling estate auctions for over 20 years.  Josephson was contacted by the request of Mr. Levin, who wisely refrained from venturing a guess as to what the estimated value of key pieces of jewelry included in the Scott Rothstein auction block might be.

The Sun Sentinel reporter covering this intriguing ponzi scheme plot discussed with Mr. Josephson a few key pieces of this high-profile auction. Of those pieces, a woman’s fancy yellow 12-carat diamond ring, platinum diamond bracelet with 41 emerald-cut diamond and a 10 carat heart-shaped diamond pendant necklace were all given a general assessment. The fancy yellow diamond ring was estimated to be worth nearly a quarter of a million dollars, comparative to the cost of a “couple of Ferraris.”

These items, amongst a vast collection of designer watches and luxurious cigar accessories will be up for auction come July 13, 2011.

“With the Scott W. Rothstein Auction scheduled to take place at the Broward County Convention Center on July 13, 2011,                      featuring key items that sparked the interest of Raymond Lee Jewelers immediately, we will have at least one representative                    present, eager to purchase the glistening remnants of Rothstein’s estate.”  June 10, 2011

Channel 4 News: On The Scene!

Scott Rothstein Auction Preview

Raymond Lee Jewelers: 'Rapid Reporting' Scott Rothstein Auction Preview

%d bloggers like this: