Buying Jewellery From Police Raids & Bankruptcies

Whoa, whoa – buying jewellery that belonged to criminals?! Yes!

I didn’t even know this was a thing until I came across First state auctions through a sponsored Facebook post. The website mentions that they are “selected as auctioneers to various Commonwealth of Australia government agencies in the sale of seized, recovered and unclaimed jewellery.

I browsed through the catalogue and my first thought were:

Wow.

Not only were the pieces beautiful, but had rare items such as Argyle pink diamonds. I was salivating while browsing the catalogue. The other aspect I noticed were the very reasonable prices. I usually purchase my fine jewellery second-hand, but these prices were even cheaper than that. They were significantly less than what you would pay at a retail jeweller.

I know what you’re thinking “Is this even legit?”. Well, I decided to buy something and try it out so I’ll waste my money instead of yours.

Look at those stunning diamonds!

The Money Marketer, The Money Marketer Blog, Ruba Khan, Ruba Khan Blog, Ruby necklace, ruby and diamond necklace, first state auctions, 1.05 carat ruby
So beautiful, right?!

I decided to sign up and place some bids. After being outbid very quickly, I managed to actually secure a piece! I bought this beautiful 1.05ct ruby, diamond and 14k yellow gold necklace for $475. With the 20% buyer’s premium, I paid a total of $570 which included registered shipping. This necklace was new and not pre-owned which was awesome for that price.

Winning the auction was such a thrill. Is winning auctions addictive? I could totally get on it. Moving on, the process post-purchase was excellent. I was immediately emailed a confirmation of purchase and my invoice. Later, a staff member reached out to confirm my address. After that, it was shipped out within a day or so by registered mail and I was provided a tracking number. Their efficiency was awesome and made me feel very confident about my purchase.

I received my package within 4 days of purchase and here is my beautiful new ruby, diamond and gold necklace! What do you guys think is the story behind this necklace? I wonder who it belonged to.

The Money Marketer, The Money Marketer Blog, Ruba Khan, Ruba Khan Blog, Ruby necklace, ruby and diamond necklace, first state auctions, 1.05 carat ruby
Looked even better than the picture! Came in a beautiful box too!
The Money Marketer, The Money Marketer Blog, Ruba Khan, Ruba Khan Blog, Ruby necklace, ruby and diamond necklace, first state auctions, 1.05 carat ruby
So elegant and dainty!

Would I do it again?

Yes! Not only do you get a great deal on beautiful fine jewellery, but it’s such a fun experience. I really enjoyed the process of browsing, bidding and of course the feeling of winning the auction. As someone with a regular income, I’ll have to save for months before I make another purchase but I am certainly going to browse regularly!

Published by themoneymarketer

The Money Marketer is a financial discussion space to discuss all things money and investment, with a touch of food and lifestyle.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: