Place Your Bids, South Florida!

One of the most anticipated auctions in South Florida history will take place in Fort Lauderdale this Summer. A world class collection of diamond encrusted jewelry and luxury watches from the estate of high-profile ponzi schemer, Scott Rothstein is scheduled to be auctioned off to registered bidders on July 13th at The Broward County Convention Center.

Florida‘s largest ponzi scam in history yielded over $1.2 Billion for the now dis-barred Fort Lauderdale Attorney, Scott Rothstein. The upcoming July Auction will be the 2nd massive auction of Scott Rothstein’s estate. In 2010, many of the convicted felons big-ticket items were sold at auction, raising a total of $5.8 million to begin repaying his most affected investors.

Of the valuables remaining in Rothstein’s estate are a world-class collection of diamond adorned jewelry and a vast inventory of the most treasured luxury watches in history. Large diamonds, rubies, sapphires and over 200 luxury watches of high-end designers such as Rolex, Patek Philippe, Franck Muller, Gerald Genta and Richard Mille are all included in the auction block.

These items will all going to be made available to the public on July 13, 2011. The auction of Scott Rothstein’s Estate will be held at the Broward County Convention Center in Fort Lauderdale, FL. Other pieces will include jeweled accessories that Scott collected for his cherishes cigar collection, two late-model Corvettes and an 09′ Mercedes SL 550 coupe.

In order to avoid a harmful mistake in judgment by venturing for himself what the jewelry belonging to Rothstein’s Estate may be worth, Rick Levin had the Sun Sentinel contact Jeff Josephson, President of Raymond Lee Jewelers in Boca Raton.

The following are initial assessments given by Jeff Josephson, President of Raymond Lee Jewelers, when presented with the star jewelry pieces that are to be sold at the July 13 auction:

A woman’s platinum diamond bracelet with 41 emerald-cut diamonds weighing a total of nearly 24 carats:
“Gorgeous, high quality, beautifully made. Thirty grand for that.”

A white and yellow gold necklace featuring a 10-carat, heart-shaped diamond:
“Probably worth $85,000.”

A woman’s fancy-yellow, 12-carat diamond ring:
“That is probably a quarter of a million dollars. — Enough money for a couple of Ferrari’s.”

“It is all good stuff,” Jeff Josephson concluded of the pieces. “I think that I want to go to that auction.”

Josephson will, in fact, be attending the auction come July. It is a fair assumption that a large number of attendees from those closely invested or intrigued by the jewelry industry in South Florida will be present at the Broward County Convention Center on July 13, 2011, eager to see for themselves one of the most impressive timepiece collections in history.

Read Full Story Here…

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• Jewelry and Watches Sell Big at Christie’s Geneva (since1910.com)
• Rare Red Diamond Auction at Sotheby’s Sydney (since1910.com)
• Convicted Ponzi schemer from Broward subject of reality show episode (pbpulse.com)
• Another load of Rothstein’s bling heads to auction (thediamondringreview.com)
• Rare jewelry auctions set record prices in Geneva (seattletimes.nwsource.com)