RESULTS SURPRISING FOR DIAMOND SALE

Although jewelry stores have been reporting that they have been able to sell more engagement rings, eternity rings and various expensive gems in the past year than they have in several years since the recession started, a recent auction of rare and fancy gems ended up being a disappointment because some of the expected sales did not materialize which weighed down the estimate thought to have been likely for the sales of all the jewels. One piece of jewelry that was slated to sell was a thirty three carat diamond which was supposed to have sold for seven million and did not.