Princess Cut Diamond Ring of 1.51ct GIA F SI1 | First State Auctions

Princess Cut Diamond Ring of 1.51ct GIA F SI1

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Princess Cut Diamond Ring of 1.51ct GIA F SI1

Lot # 75 Sydney

Diamond Ring with a centre Princess cut (Square Modified Brilliant) Diamond of 1.51ct (with GIA report graded as F SI1) and remaining Diamonds totalling 0.23cts. 18ct white gold. Ring size N. (New)

Type : Diamond
Category : Ring
Colour : F
Clarity : SI1
Cut & Size : Princess
Purpose : Engagement
Metal : White Gold
Gold Carat : 18
Gemstone Carat : 1.51
Secondary Carat : 0.23
Condition : New
$1.00 AUD
This auction is closed for absentee bidding

Princess Cut Diamond Ring of 1.51ct GIA F SI1

Lot # - 75 Sydney

Diamond Ring with a centre Princess cut (Square Modified Brilliant) Diamond of 1.51ct (with GIA report graded as F SI1) and remaining Diamonds totalling 0.23cts. 18ct white gold. Ring size N. (New)

Type : Diamond
Category : Ring
Colour : F
Clarity : SI1
Cut & Size : Princess
Purpose : Engagement
Metal : White Gold
Gold Carat : 18
Gemstone Carat : 1.51
Condition : New

What is an absentee bid

  • Absentee Bidding is a term that is used when you are not able to attend a room auction but still wish to bid at the auction.
  • Your Absentee Bid can either take the form of a Maximum Bid or a Phone Bid.
  • Your Absentee Bid includes GST but does not include the buyer's premium.
  • The latest your Absentee Bid can be submitted online is 3 hour prior to the start of the auction start time.
  • To place an Absentee Bid, you need to complete the online Absentee Bid form that can be found on the website page of item you wish to bid for.
  • If the Absentee Bid form is not fully completed it will not be able to be processed.
  • Pre-authorisation of $1 will be taken to validate your credit card when you submit your Absentee Bid. If your bid is successful, full payment will be taken from the credit card provided, and the goods will be sent out by secured & insured post within 3 working days, or can be collected from our Sydney Head Office. Our Customer Service Team will contact you prior to shipping for further verification and shipping confirmation.
  • If multiple Absentee Bids for the same amount are received, the bid that is received first will be given precedence.
  • Absentee Bidding is a complimentary service offered by First State Auctions.

What is a maximum bid

With this type of bid you provide us with instructions about the maximum amount you are willing to pay for the particular lot in question.
Your bid is left with the auctioneer and executed on your behalf using up the amount required to "knock out" any competition during the sale and against any reserve price (if applicable).

This doesn't mean that you will pay the maximum amount. If the auction activity is at a lower level on the day you may get the item for less. If room bids go above the maximum bid then the Absentee Bid is unsuccessful.

Tips for Successful Maximum Bidding

  • Check the auction estimate on the item . this is available online after successful login. Auction estimates are an estimate of what an item might sell for at auction, based on what similar items have sold for at previous auctions.
  • By browsing our extensive list of past sales you will get a good idea of the approximate amount you may expect to pay for similar jewellery items.
  • The most effective strategy to win an item at auction is to bid the maximum you are willing to pay.

What is a phone bid

The phone bidder will need to be available to answer the call from the auction start time to finish time. If the call is not answered the bid will not be able to be processed. A staff member will call a few minutes prior to the lot number being put up for auction, and then keep the bidder informed of bids taken from the floor. The bids will be called out on the bidder.s behalf to the auctioneer.

If successful, full payment will be taken from the credit card given, and the goods will be sent out by secured & insured post within 5 working days, or can be collected from our Sydney Head Office.

You will be contacted prior to shipping for further verification and shipping confirmation.

In the case of phone bids, the conversation may be recorded.

If present at the auction, but needing to leave early, ID will need to be verified and credit card details recorded, and signature verified.

What are the auction estimates

Auction estimates are an estimate of what an item might sell for at auction, based on what similar items have sold for at previous auctions. Please note that this relates to auction prices, not retail prices (which are typically considerably higher). In other words, an auction estimate gives an indication of the auction value of an item. These are not inflated prices, but aim to be a realistic guide. Any item can of course sell for less or more than the auction estimate, depending on the interest on the day. Please ask our friendly staff for the auction estimate for any items you are interested in.

Joining our Loyalty Club also enables you to view the auction estimates on our website.

For all other enquiries regarding auction estimates, please contact us.

What is the buyer's premium

First State Auctions, like all other traditional auction houses, charges a buyer's premium. The fee is charged by us to cover administrative expenses associated with conducting the auction. The buyer's premium goes directly to the auction house and not to the seller. The standard buyer's premium at First State Auctions is 18% and is one of the lowest in the industry.

A buyer's premium is charged on all items purchased at First State Auctions and this 18% must be added to the hammer price. It forms part of the total invoice amount that is paid by the winning bidder. The buyer's premium is not negotiable.
Example: If you bid $1000 with the auctioneer and he declares the item sold to you (hammer price), you will then pay a further 18% buyer's premium on top of this. So your final invoice amount will be: $1000 + $180 = $1180