$1.5 Million Ruby and Diamond Bracelet for Sale on TRR

[etoupebirkin]

In my experience with TRR, the higher the item value, the pickier they are. With items over $20K (Hermes bags), I had to provide purchase receipts.

I believe the item to be authentic. I just wonder whether there are people that shop on TRR that have that kind of buying power.

ETA: It is on my "Obsessions" list. I do have a birthday coming up....

Somehow I think if I bought it, I would not live to see my next birthday, LOL!!!

 

[allanrvj]

What do you think the full market value is of this piece? I am so curious.

just the story behind this, being a nod to the Jarretière bracelet, part of the Treasure of rubies HJ collection, perfectly matched rubies, etc... my conservative estimate is at $2.5M at the minimum and $4M at the maximum, if ever it was sold at an auction like Christie's and serious collectors have gathered around.

to me $1.5M is just the cost of the rubies themselves.

 

[chanellover333]

Maybe TRR is offering to take a much smaller cut than the auction houses? Does anyone know what kind of commission auction houses take?

 

[A1aGypsy]

The whole GIA report is curious too. Why wouldn’t you get a broader report done?

 

[nicole0612]

I am thinking that it must have been a gift or an inherited item and the person selling is ok with getting less than it could be worth potentially because they want a no-fuss process and probably don’t know about the pros and cons of various options. They may have also not known the exact worth.

If I were in their shoes, I would have it recertified by VCA heritage and have it repaired by VCA, and then hired an agency to deal with the sale details and legwork about various options/platforms. I just had a heritage item recertified by the VCA heritage department with their certificate about the item (it took about a year? 9 months?) - note they do not reissue a COA - it is $1800 + tax for the authentication/certification process and they now really almost require for you to also do a new step which is a valuation for an additional $1200 + tax. You can opt out of the valuation, but it delays the process by a few months from 6-9 months to 9-12 months (this is what was explained to me, I have no idea why).

 

[meemeetoo]

I am thinking that it must have been a gift or an inherited item and the person selling is ok with getting less than it could be worth potentially because they want a no-fuss process and probably don’t know about the pros and cons of various options. They may have also not known the exact worth.

If I were in their shoes, I would have it recertified by VCA heritage and have it repaired by VCA, and then hired an agency to deal with the sale details and legwork about various options/platforms. I just had a heritage item recertified by the VCA heritage department with their certificate about the item (it took about a year? 9 months?) - note they do not reissue a COA - it is $1800 + tax for the authentication/certification process and they now really almost require for you to also do a new step which is a valuation for an additional $1200 + tax. You can opt out of the valuation, but it delays the process by a few months from 6-9 months to 9-12 months (this is what was explained to me, I have no idea why).

It really must be owned by someone who just doesn't know their options and/or is in dire need of the cash? Probably inherited and just known to be worth 'a lot'. Or it fell off the back of a truck? VCA should have a record of the original client of a piece like that.

I would also have definitely sent it back to VCA to be authenticated and fixed up. I would also have asked VCA if they wanted to buy it back for their Heritage sales, if the current owner didn't want to wait for the next Christies/Sotheby's High Jewelry sales. In addition, Sotheby's (like many others) has their 'Buy Now' option which you'd think would get more of the kinds of folks who can just drop $1.5 on a bracelet than on TRR? I didn't know VCA is now also pushing for the valuation process (for an extra fee, of course). I have a piece which was sent to NY and NY sent it to Paris right now, and I was only told about the $1800. I was also not told that there wouldn't be a new COA (unlike Patek and Vacheron who gave new documentation). Sigh.

 

[etoupebirkin]

I think it’s still a hard to sell item due to the price point. There’s not that many people with the wherewithal to buy a piece like this in cash. Even if the have the cash, is it to their taste, lifestyle, and do they $1.5 million want to buy it?