Calamity Gem
Registered Shopper
- Joined
- May 28, 2023
- Messages
- 7
On Wednesday Dave Troth introduced a yellow sapphire showcase with an account of the high price of these gems at an auction house in Geneva he had recently visited, as they are no longer being mined. He went on to auction a mixture of old stock from the Gemporia vault. The highest price was for a 9k gold ring featuring a “heavily included” 7x5 mm 1.3 carat solitaire from Thailand with zircons, which closed at £499. A couple of different designs with similar gems commanded the same price, or slightly less. Today just 3 days later on the 7 am breakfast wheel, the same ring which cost £499 on Wednesday was auctioned for £149, relating presumably to its original auction price when it was new stock. Two other similar rings also auctioned on Wednesday at £300+ higher went for £127 and £99.99 respectively today, showing it was no one-off mistake (the current web price for the £499/£149 ring is £259. I nearly choked on my cornflakes! How can Gemporia possibly continue to claim “if we get a good deal, we pass the savings on to you”?