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Fair Price: A Buyer’s Perspective

Fair Price: A Buyer’s Perspective

What is a Fair Price? According to the Business Dictionary, fair and reasonable price is selling price that is fair to both parties considering quality, performance, supply situation, delivery time, and payment options. Fair to both parties. Here, however, I would like to take a closer look at the price issue from a buyer’s perspective. The fact is that sellers can and will take care of themselves. They are professionals in their respective field. Sales are what they do for…

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Smart Shopping: What it is and Why it matters

Smart Shopping: What it is and Why it matters

What is Smart Shopping? In essence, smart shopping is when you buy the right item at the right price. Yes, basically we are speaking about the concept of value for money. However, when people hear about the concept of value for money, most of them think merely about the right price. The concept of smart shopping is not only about the right price. It is much broader. The right price is, of course, a substantial element of this concept, but…

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Green Beryl vs Emerald

Green Beryl vs Emerald

Green Beryl vs Emerald: The Color “Emerald has many special qualities, but colored stone professionals generally agree that emeralds are, most of all, about color. Emerald has been the standard for green among colored stones for thousands of years”, as the Gemological Institute of America (GIA) puts it. Indeed, the subject matter of “green beryl vs emerald” is all about color. And about value, of course. Emeralds are praised for their green color, whereas green beryls lack this crucial component. Both, emerald…

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Lead Glass-Filled Rubies at Auctionet

Lead Glass-Filled Rubies at Auctionet

Recently I came across an auction website called Auctionet (auctionet.com). The abundance of lead glass-filled rubies (composite rubies) at this auction website grabbed my attention immediately. So, I decided to dig a bit deeper. One of the first things I noticed was that all these composite rubies are heavily overvalued by the experts. As discussed in the post about lead glass-filled rubies, their actual price is around $2 per carat only. Here their estimates range from EUR 30 to EUR 134…

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Vintage Jewelry that is not Really Vintage

Vintage Jewelry that is not Really Vintage

Over the past few years, I have noticed that vintage jewelry has become extremely popular amongst buyers. It is not to say that it was not popular before, but I noticed this trend relatively recently. I was somewhat surprised to discover that vintage jewelry is so popular that the buyers are ready to pay more (sometimes even substantially more) for an article of vintage jewelry than for an alike article of contemporary jewelry on many occasions. That seemed somewhat illogical,…

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Easy Tips on How to Identify a Lead Glass-Filled Ruby

Easy Tips on How to Identify a Lead Glass-Filled Ruby

Despite the fact that lead glass-filled rubies, also known as composite rubies, are nearly worthless (as described in my previous blog post), there are plenty of people who will try to sell you a composite ruby as the real thing. Some sellers would openly lie to you, others would conceal the truth (the latter happens intentionally as well as unintentionally – due to the seller’s lack of professionalism). So, here are a few things you should always pay due attention…

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Lead Glass-Filled Rubies: A Perfect Waste of Money

Lead Glass-Filled Rubies: A Perfect Waste of Money

What is a Lead Glass-Filled Ruby? Lead glass-filled rubies first appeared on the market in 2004. According to the Gemological Institute of America (GIA), “the GAAJ laboratory in Japan issued a lab alert about rubies they had seen that had large numbers of fractures filled with high-lead-content glass, which made them appear very transparent. Since then, large quantities of this material have reached international markets.” The starting material is of very low quality: opaque, industrial-grade stones, rather brownish than red….

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Cadmium in Jewelry: Serious Threat to Your Health

Cadmium in Jewelry: Serious Threat to Your Health

What is Cadmium? Cadmium is bluish-white, soft metal. Although it is a natural element in the Earth’s crust, its concentration is extremely low. According to Wikipedia, “the average concentration of cadmium in Earth’s crust is between 0.1 and 0.5 parts per million (ppm)”. Usually, cadmium is not present in the environment as a pure metal. It is primarily found in zinc-containing ores, but it may also be found in lead and copper ores. According to the GreenFacts initiative, “Cadmium is…

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Price estimates at Liveauctioneers

Price estimates at Liveauctioneers

Of course, Catawiki is not the only auction house that provides unreliable and inconsistent price estimates for their lots. I have written before on how important price estimates are and what their real purpose is. They should serve as a reliable guide for potential buyers who are not experts in the respective field. Instead, they are being used as a marketing tool, and it is being done in a very shameful, unethical manner. These inflated estimates are used to delude…

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How much a lot should cost: Auctioneer’s price estimate

How much a lot should cost: Auctioneer’s price estimate

Auctioneer’s or expert’s price estimate in theory It really does not matter what terminology a specific auction site uses: Catwiki calls it “expert’s estimate” (previously they called it “auctioneer’s estimate), liveauctioneers and bidsquare call it “estimate” – they all imply that an expert has evaluated that particular item and determined what, according to his/her expert opinion, a fair market value of this item is. In other words, an expert signals us, potential buyers, that the final auction price (winning bid)…

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