Ebay Jewelry Sales Surging!

ebayThird-quarter sales of jewelry through online auction house eBay totaled $1.6 billion for the third-quarter ended Sept. 30, the company announced Wednesday.

Gross sales across all trading platforms for the third quarter ended Sept. 30 totaled $10.8 billion, a 30 percent increase from the $8.3 billion reported in the third quarter last year. Other categories to break the $1 billion sales mark for this third-quarter were: eBay motors at $14.1 billion; clothing and accessories at $3.1 billion; consumer electronics at $3 billion; computers at $3 billion; books, movies and music at $2.5 billion; home and garden at $2.4 billion; sports at $2.1 billion, collectibles at $2.1 billion, business and industrial at $1.5 billion; toys at $1.5 billion and cameras and photo at $1.3 billion.

The number of registered eBay users increased 35 percent for the quarter, reaching a total of 168.1 million people. The company reported 458.6 million new listings for the third quarter, marking a 32 percent hike over the same period last year.

PayPal, the online payment company owned by eBay, reported a total of 86.6 million accounts for the third quarter, increasing 53 percent over the same period in 2004. PayPal handled $6.7 billion in payments for the period, a 44 percent increase over last year.

Our advice: If you’re buying diamonds on Ebay, make sure that they have either a GIA (Gemological Institute of America) or AGS (American Gemological Society) grading report.

These are the two best diamond grading laboratories in the business. Their accuracy, stringency, and consistency is unequalled. Stay away from other grading “labs”.

Check out the stores examination/review periods and Return/Refund Policies to make sure you have enough time to get the merchandise independently appraised and returned/refunded if you so desire.

What information is the Vendor providing? Lab Reports, Photo’s, Cut Grade Analyses, Light Performance results are all the types of reports you should be looking for. Treat this purchase with the same care and consideration you do for a house and car. Get as much information as possible.

Check the vendor’s feedback carefully and compare to the merchandise that was purchased. What does the feedback say?

Same goes for rings and settings. Get it appraised to corroborate that it is as described.
There are very reputable diamond vendors on Ebay selling quality merchandise but you need to do your homework to find them and make sure you do not get taken advantage of.

Christie’s Sells Pink Diamond for $6 Million at NY Auction

Christie’s has auctioned off a 25.02-carat fancy pink, internally flawless pear shaped diamond, which sold for $6,008,000 or $240,000 per carat. The stone was purchased by Dubai-based dealer Amer Radwan, who bid fiercely against two other dealers.