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Sotheby’s Jewelry Auctions Fetch $562M in 2015

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One illustrious diamond in particular buoyed last year’s sales.

International auction house Sotheby’s recorded $562 million in 2015 jewelry sales spread over 11 separate auctions, a figure that falls shy of 2014’s record of $602.5 million, according to Rapaport. “The company sold $300.5 million of pieces at its two Magnificent Jewels and Noble Jewels auctions in Geneva, including $161.7 million at the May event and $138.8 in November, where it auctioned off the high-profile Blue Moon diamond for $48.5 million.”

Read more at Rapaport

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When There’s No Succession Plan, Call Wilkerson

Bob Wesley, owner of Robert C. Wesley Jewelers in Scottsdale, Ariz., was a third-generation jeweler. When it was time to enjoy life on the other side of the counter, he weighed his options. His lease was nearing renewal time and with no succession plan, he decided it was time to call Wilkerson. There was plenty of inventory to sell and at first, says Wesley, he thought he might try to manage a sale himself. But he’s glad he didn’t. “There’s no way I could have done this as well as Wilkerson,” he says. Wilkerson took responsibility for the entire event, with every detail — from advertising to accounting — done, dusted and managed by the Wilkerson team. “It’s the complete package,” he says of the Wilkerson method of helping jewelers to easily go on to the next phase of their lives. “There’s no way any retailer can duplicate what they’ve done.”

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