Are you interested in participating in Gemcor’s monthly jewelry salvage auction as a buyer or seller? Our recovery rates are the highest in the industry. Please provide your contact information so we can provide you with more details.
Introducing a revolutionary opportunity for our insurance and private clients to bid on jewelry items that have been recovered from various Insurance companies. We receive new salvage items on a daily basis and all items are inventoried and placed up for auction the 1st of each month.
The auctions last one month and every auction has a starting bid price, a target sale price and a ‘buy it now’ price. The winner of the auction item is the person who selects the ‘buy it now’ option or the person with the highest bid at the close of the auction, as long as that bid exceeds the target sale price.
All items are sold ‘as is’ and have been inspected by our gemologist. Payment must be made within 7 days of the close of the auction. An additional 7 day ‘inspection period’ will be allowed for the purchaser to confirm acceptance of the item. After 14 days, the sale is final.
Our first LIVE auction will begin January 1st, 2014. Be sure to check back then for awesome deals on lost and found jewelry items, repurposed jewelry items, consignment items, and loose diamonds/gemstones.