Karats by Auction House
since 1999
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Why Buy Fine Jewelry at a Specialized Fine Jewelry Auction Company?

1/27/2023

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Buying fine jewelry at a specialized auction company can save thousands over retail prices because the prices at auction are determined by market demand rather than a fixed retail markup. In addition, auction companies often have access to rare and one-of-a-kind pieces that may not be available at retail stores. Additionally, auctions can be an exciting and fun way to purchase jewelry, as there is an element of competition and the thrill of potentially getting a great deal!

Check out our high quality fine jewelry selection exclusively at www.KaratsAuctions.com today!

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From the Mine to Your Jewelry Box: Fine Jewelry Creation (and how to avoid the Crazy Retail Mark-ups!)

1/27/2023

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The process of making fine jewelry begins with sourcing the gemstone. Gemstones can be mined or purchased from a supplier. Once the gemstone is sourced, a jewelry designer will create a design for the piece of jewelry, taking into consideration the characteristics of the gemstone, such as cut, color, and size. The design is then sent to a jeweler, who will use tools to create a wax model of the piece. Once the wax model is complete, it is then cast in the desired metal, such as gold or platinum. After casting, the piece is then polished and set with the gemstone. The final step is to inspect the piece for any defects and then it can be shipped to the customer or retailer.

Jewelry typically goes through a number of different stages before it reaches the consumer at a retail location. The process begins with the mining of the precious stones and metals that will be used to make the jewelry. These raw materials are then sent to a manufacturer or supplier, who will use them to create finished jewelry pieces.

Next, the jewelry will be sold to a wholesaler or distributor, who will mark up the price to cover their own costs and make a profit. The jewelry will then be sold to a retailer, who will also mark up the price to cover their own costs and make a profit. Finally, the jewelry will be sold to the consumer at a retail location, where it will be marked up again to cover the costs of operating the store and to make a profit for the retailer.
In total, the markup on jewelry can be significant, with the final retail price often being several times higher than the cost of the raw materials used to make the piece. Additionally, the brand name, designer, rarity, and other factors also affect the price.

At Karats Auctions we cut out the huge retail mark-ups as we don't have to pay for a stand alone retail space, fancy signs, salesman commissions, and all of the expensive display cases, lights, and plush carpet!  Instead, we offer high quality, fine jewelry direct to the public for 50 to 90% off of retail prices!  The only catch is this: you have to bid to win.

Check out our monthly and twice-a-month fine jewelry and gemstone auction right here at www.KaratsAuctions.com

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The Importance of Fine Jewelry in our Modern World

1/27/2023

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In our fast-paced world with all of it's busyness and chaos, be sure not to overlook the importance cultivating a fine jewelry collection to make the journey shine.
  1. Fine jewelry is a timeless and elegant accessory that can add a touch of luxury and sophistication to any outfit. Whether it's a simple pair of diamond stud earrings or a statement necklace, fine jewelry can instantly elevate your look and make you feel more confident and stylish.
  2. Fine jewelry is also a great way to make a personal statement or express your individuality. With so many different styles and designs available, you can choose pieces that reflect your personality and interests, whether that's a classic pearl necklace or a bold and colorful gemstone ring.
  3. Fine jewelry is also a great investment. Many high-quality pieces, such as diamond engagement rings or gold bracelets, hold their value over time and can even appreciate in value. This makes them a great choice for those looking to invest in something beautiful and lasting.
Ultimately, Fine jewelry is more than just a fashion statement, it's also a timeless, elegant and personal accessory that can be a good investment as well. It can add a touch of luxury and sophistication to any outfit, elevate your look, and express your individuality.

Shop our high quality fine jewelry pieces at second hand prices that can't be beat anywhere!  Only at www.KaratsAuctions.com
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    James Egge is the Owner of  Karats Auctions, a member of the IGS (International Gem Society), and a member of the MAA (Minnesota Auctioneer's Association).

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7101 York Ave S #309
​Edina, MN 55435

What Our Clients Are Saying

"James Egge at [Karats by] Auction House far exceeded my expectations with how I thought the online auction process worked and how much it could bring in.  He and his staff were knowledgeable, friendly, hard-working and very respectful of my property. Not only would I use them again, but I'm happy to refer my friends and family to Auction House!" -Erik C., Golden Valley, MN
"[Karats by] Auction House brought top dollar for my collectibles and coins.  I am very pleased and continue to bring my items to them.  James (and team) do a first-class job with photography & researched descriptions which is why I believe they get the prices they do.  Very satisfied and well worth the wait." -John P, St. Cloud, MN

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