The U.S. Marshals Service is conducting a live and Web simulcast auction to sell 255 lots of fine jewelry, watches and gold coins in San Antonio Saturday August 18th. The items being sold were seized from federal court cases nationwide and are now forfeited to the government. The U.S. Marshals Service consolidates pieces from cases nationwide and holds a large auction several times a year. Proceeds generated from the auctions are used to compensate victims of crimes and supplement law enforcement programs.
Of course, what interests me is the platinum ring with a 15 ct. fancy yellow diamond which is valued up to $180,000.
The value of $180,000 seems extremely low for a 15 carat diamond! I am certain that the clarity grading must be fairly low. SI2? Perhaps the stone is a Fancy and the setting has been designed to maximize the color because it just seems low.
Either way, the auction starts at 10 a.m. CDT at the Adrian Spears Judicial Training Center, and the Web simulcast is at www.txauction.com.
Eager to see what the winning bid comes in at and if they describe the stone in more detail! Stay tuned for the results…