When Perth jewellery store, Charles Edward Jools, closed its doors last year there were questions raised as to where the stock would go.
Under instruction from liquidator Cor Cordis, its stock is being auctioned off in an effort to repay the store’s debts.Over 300 pieces of jewellery is being auctioned by Pickles, Australia’s No. 1 auction and valuation specialist, via three separate online auctions in consecutive weeks, starting Wednesday, October 28.Pickles’ Finance and Advisory Executive, Ray Webb, says the jewellery has been independently valued by Haddys Gemmological Services, a family run business with over 45 years’ experience in servicing, valuing, and selling jewellery.“We estimate the auction items have a total RRP value of $1.4m. There are pieces to suit all tastes – from the gregarious to the subtle – in the form of earrings, necklaces, bracelets, and more,” says Mr. Webb.Pickles predicts these two pieces in particular will be in hot demand:
Tanzanite and Diamond Earrings, RRP: $52,800 – Tanzanite is a rare blue gem that is commercially mined at only one location in Tanzania. These earrings feature two Tanzanite gems (15.42ctw) and 16 Diamonds (8 x 0.385ctw and 8 x 2.145ctw).
Pearl Necklace, RPP: $32,670 – This multistrand pearl necklace features a clasp made from 139 Diamonds (1.7ctw).