Gold Buyers - Gold Futures Rise Ahead of U.S. Jobs Data

Source - http://www.marketwatch.com/
By - Sarah Turner
Category - Gold Buyers

Posted By -  http://tinyurl.com/DiamondBuyer

Gold Buyers

SYDNEY (MarketWatch) — Gold futures rose on Friday, ahead of U.S. jobs data that are expected to give investors more clues on the health of the economy. 

Gold for delivery in April GCJ3 -0.03%  rose 70 cents to $1,662.70 an ounce in electronic trading hours on the Comex division of the New York Mercantile Exchange. 

The gains came after gold futures fell more than 1% Thursday, as profit-taking set in following an advance fueled by the surprise fourth-quarter contraction for the U.S. economy seen in data earlier this week. 

“Buyers are simply not willing to hold their long positions going into Friday’s session because of the Chinese manufacturing [Purchasing Managers’ Index] and U.S. nonfarm payrolls numbers,” said Fawad Razaqzada, analyst at GFT Markets, in a note out early 

The Chinese manufacturing data, released during the Asian session Friday, painted a mixed picture for the key sector. 

An official government manufacturing index slipped to 50.4 from December’s 50.6, while a rival survey from HSBC showed a rise to 52.3 in January from 51.5 in December. Still, both indexes remained above the 50 mark separating growth from contraction.

Meanwhile, the nonfarm payrolls data are expected to show that the U.S. economy added 170,000 jobs in January and a drop in the unemployment rate to 7.7% from 7.8%, according to a MarketWatch survey of economists. 

“A disappointing figure may help boost [gold] prices, in our view,” said HSBC metal analysts. As was the case after this week’s U.S. gross domestic product data, gold tends to benefit from safe-haven buying if investors are concerned about economic developments. 

Around the wider metals complex, silver for March delivery SIH3 -0.12%  rose 9 cents to $31.44 an ounce, and April platinum PLJ3 +0.26%  advanced $1.60 to $1,677.00 an ounce. 

March palladium PAH3 -0.64%  declined $4.15 to $741.55 an ounce, while copper for delivery in the same month HGH3 -0.23%  lost 1 cent to $3.73 a pound.

Sell Watches Sydney - eWatches Announces Their Valentine’s Day Designer Watches Sale

Source - http://www.sfgate.com/
By - Press Release
Category - Sell Watches Sydney
Posted By - http://tinyurl.com/BuyWatches1

Sell Watches Sydney

eWatches announces their yearly Valentine’s Day Sale on trending designer watches. Watches for men and women are reduced up to 92% off retail prices during this promotion.

eWatches, a leading internet retailer of discount designer watches, announced their yearly Valentine’s day sale. Back by high demand, this year’s Valentine’s Day Sale is offering designer watches up 92% off retail prices. eWatches is proud to offer the hottest designer brands such as Invicta, Lucien Piccard, Bulova, Stuhrling, Skagen, Glam Rock watches and many more.

Valentine’s day is famous for massive bargains and long lines in stores across America. eWatches encourages customers to browse their store in the comfort of their home and purchase early to make sure their watches arrive before the 14th.

One of eWatches’ most popular designer watch collections is Invicta. Founded by Raphel Picard, there are several collections that make great gifts for Valentines Day. The Bolt Reserve collection is a best seller for men’s watches, with their masculine style and durability. 

The Invicta Men's Bolt Reserve Chronograph Two Tone watch is a great example of their timeless style. This watch is encased in brushed and polished stainless steel and is complemented by a stainless steel ion plated band. Watches for men should be stylish but rugged and the Bolt Reserve collection showcases these qualities.

Water resistant up to 200 meters, this watch screams durability. Measuring in at 52 mm in diameter and 17mm in thickness, this chronograph two tone Invicta watch is a thin and comfortable watch to wear. This watch makes a great Valentine’s gift for any man.

“I just received my order in Mexico and it is great, thank you so much for shipping it to my home, the watch is in excellent condition and the most important thing is my wife is so happy with her birthday’s gift. Thank you so much.” said Andre Levi, customer of eWatches. Customer satisfaction is what eWatches strives for. 

eWatches encourages customers to visit their website to take advantage of discounted prices before Valentines Day. Customers can search for the style they are looking for and narrow down their selection based on brand, size, style and color. 24 hour customer service is available to answer any questions about shipping, gift receipts and wrapping options.

About eWatches:

eWatches.com is an award-winning internet retailer of discount designer watches serving tens of thousands of satisfied customers since the company’s inception in 2003. In both 2007 and 2008, Inc. Magazine selected eWatches.com as one of ‘America’s 500 Fastest Growing Companies’ in its annual Inc. 500 list. eWatches provides a superior shopping experience to its customers with:

• Low Price Guarantee
• Free Shipping on all domestic orders
• 30 Day Money Back Guarantee
• 100% Satisfaction Guarantee

Diamond Buyer - Yes, You Can Buy an $8 Million Diamond at Christie's

Source - http://ny.racked.com/
By - Tiffany Yannetta
Category - Diamond Buyer
Posted By - http://tinyurl.com/SellDiamondEarrings

Diamond Buyer

Twice a year, Christie's hosts its very own Luxury Week. This past December, that included six auctions in four different categories: jewelry, watches, wine, and 20th Century design. In total, the auction house brought in over $72.2 million in sales, significantly exceeding pre-estimates. Out of everything sold, the big hitter was a Graff magnificent diamond ring: It was a rectangular cut, 50 carats, and potentially flawless. Oh, and it sold for $8,370,500. 

A spokesperson told us that out of all of the sales, jewelry tends to get the most intese. "Jewelry always sees competitive bidding, especially because people are so knowledgeable about the value of the stone. That can get very heated." Though the above-mentioned diamond arguably stole the show, the second runner-up wasn't so bad either. The 3.1 carat circular-cut fancy reddish-orange diamond sold for $2,098,500—a world auction record for a reddish orange diamond.

In addition to jewelry, the Steven Greenberg: Masterpieces of French Art Deco collection also saw a few surprises. We were told that it was "the most important collection of French Art Deco furniture that's ever come to auction in the United States. People came out from all over the world to bid on these pieces." For example, a Jean Dunand vase estimated at just $40,000 to $60,000 ended up going for a whopping $386,500. 

As our rep explained, "It really is an exciting week because people can come in for a little bauble, or a painting in one of our interior sales, or they can leave with an $8 million diamond. It's a very glamour week." If you'd like to partake in any of those activities, you can do so at the next luxury week in June.

Sell Jewellery - Nizams' jewellery Need Conservation: Australian writer

Source - http://timesofindia.indiatimes.com/
By -  Mir Ayoob Ali Khan
Category - Sell Jewellery
Posted By - http://tinyurl.com/DiamondBuyer01

Sell Jewellery

HYDERABAD: Australian writer John Zubrzycki, who penned the biography of the 'original owner' of the Jacob Diamond expressed concern at the fabulous jewellery of the Nizams being locked up in the vaults of the Reserve Bank of India and said the unique pearls in that collection could get damaged if they are not treated for conservation.

"I am not an expert on pearls. But I have been told by some jewellery experts that the pearls in the collection of the Nizams' jewels require regular upkeep. If they are not properly maintained they would lose their shine and texture," he told the TOI on Wednesday.

The Nizams' jewellery is now the property of the government of India as it bought them at the intervention of the Supreme Court in 1995. The collection comprises 173 jewels, excluding the famed Jacob Diamond and the 22 emeralds. Many of these jewels have pearls which are described by experts and traders as unique and invaluable.

Since its purchase, the jewellery had been put on display twice in Delhi and as many times in Hyderabad. It was first brought to Hyderabad in 2001 and later in 2006. The demand for the extension of the exhibition was so huge during its second round that it went on for about a year at Salar Jung Museum, which had been provided with special security.

According to official sources, the state government has to make a strong case for housing the collection in Hyderabad. The central government wanted to hand over the jewellery for permanent display in Hyderabad provided the state government came up with a viable building plan with necessary security system. After making some tentative moves, the state government has put the whole thing on the backburner.

Making a pitch for its permanent display in Hyderabad, Zubrzycki said, "Any other country in the world would have felt proud to showcase its national heritage. It puzzles me why India is shying away from putting the Nizams' jewellery on show permanently. I feel that Hyderabad should be a natural choice for the exhibition of these jewels as they all came from this part of the country," he said.

He believes that the rule of the seventh Nizam Mir Osman Ali Khan needs to be objectively evaluated to make the people know how the history has taken its course. "The public has a right to know the role of British colonialists, Indian government and the positions the Nizam had taken in relation to his state. I think the Nizam, who started off as able ruler, was not able to take decisions freely. There were many forces that were influencing him," the Australian writer said.

Zubrzycki said that the diamond merchant Jacob, who sold the Imperial Diamond (which later came to be known as Jacob Diamond), was also a magician and spy. A Christian from Diyarbakir, Turkey, he sold the diamond to the sixth Nizam Mahboob Ali Khan who took him to court in Kolkata for criminally cheating him. Jacob died a poor man in Mumbai.

Gold Buyers Sydney - Here Is the Robot That Will Extract Water From the Moon

Source - http://mashable.com/
By - Megan Garber
Category - Gold Buyers Sydney
Posted By - http://tinyurl.com/DiamondBuyer

Gold Buyers Sydney

One of the biggest challenges of space travel has very little to do with the traveling itself, and more to do with everything that happens afterward. 

How will humans sustain themselves if we send them back to the moon (and, as planned, to Mars)? Food, even freeze-dried, is heavy. Water, too. Maintenance is expensive, in every sense of the word. 

So, if manned space travel is to become a long-term reality, we'll need to find ways to cultivate the places and planets we visit: to mine their soil for nutrients, to find the water hidden in their depths, to generate the air that will make everything else possible.

NASA has an idea for doing all that, and it takes the form — as so many innovative ideas seem to these days — of a robot. 

Meet the Regolith Advanced Surface Systems Operations Robot — RASSOR, for short. The robot (pronounced as "razor") is an excavator device, designed to extract (yes) water, (yes) ice, and (yes) fuel from the soil of the moon. And from the soil of similarly dusty bodies (like, say, Mars). 

NASA is envisioning that RASSOR, currently in development in prototype form, will not only perform the Greek-fable-meets-rocket-science-reality task of getting water from rocks; it will also take the remaining dust and convert the chemicals it contains into two things crucial to astronauts: air for breathing, and fuel for moving. "The robot," NASA says, "would be the feeder for a lunar resource processing plant, a level of industry never before tried anywhere besides Earth."

How do you design a device that can do all that work? How do you create an automaton that is rover and water filtration center and power plant all rolled in one rolling vehicle? One obvious challenge is mass. 

On the one hand, the robot in question has to be light enough to feasibly fly on a rocket. (It takes about $4,000, NASA says, to send a single pound of payload into space.) On the other hand, though, the machine has to be heavy enough to operate in less gravity than that offered by Earth. (In the moon's case: less than 20% of that gravity.) It also has to be generally substantial enough to dig into soil without tipping over, and to operate — like its fellow lunar and Martian rovers — as a kind of multi-purpose machine.

The current prototype has solved many of those problems by applying its multi-purpose intentions to multi-purpose design. The drums that the machine will use to gather soil double as legs — which can, in turn, help the robot to navigate dusty terrain. (They also allow the 100-pound, 2.5-foot-tall device to dig effectively, since one of those drums can act as a grip to balance the robot as it does its work.) 

Though the current design has given the RASSOR a tank-like shape, with tracks to balance the robot as it roves other worlds, NASA is considering replacing that base with wheels — which would make the next RASSOR iteration a little more Martian-rover-like than the current one. But the modular capability, ostensibly, would be a constant.

A shape-shifting, water-mining spacebot! NASA expects that the RASSOR 2 — the next generation of the spunky little power plant — will begin testing in early 2014.

Sell Gold - Swiss Banks Lose Old Taste for Gold

Source - http://www.cnbc.com/
B y - Jack Farchy
Category - Sell Gold
Posted By - http://tinyurl.com/SellGold1

Sell Gold

The wealthy have for centuries stashed their gold in Swiss vaults. But Swiss bankers are now reluctant to accept the world's bullion in the same old way, as they seek to reduce the size of their balance sheets.

UBS and Credit Suisse, which dominate the powerful Zurich-based physical gold market, have raised the fees they charge for holding the precious metal, according to clients and people familiar with the banks.

The move is an attempt to persuade their biggest clients - including other banks, hedge funds and institutional investors - to take direct ownership of their gold in so-called "allocated" accounts, with the bank simply acting as a custodian.

Under more common "unallocated" gold accounts, depositors' bullion appears on the banks' balance sheets, forcing them to increase their capital reserves. Like their global peers, UBS and Credit Suisse are under pressure from regulators to reduce capital-intensive activities ahead of the introduction of new Basel III global banking rules.

People familiar with the banks' thinking said the move to raise fees was part of a broader attempt to reduce the size of their balance sheets. "When it's on balance sheet it does create costs," a person with knowledge of the banks' strategy said. "If there's an additional cost in terms of liquidity, it should be shown transparently."
Fees vary for different clients, and traders said that the increase had not been uniform but that it was generally in the order of about 20 per cent. Vaulting fees are typically about 0.05-0.1 per cent of the value of the gold.

More From The Financial Times:

Gold Vaults Charge More for Storing Bullion

UBS Introduces Fees on Franc Deposits

Banking: Optimists May Hope for a Turn of Sentiment After Hard Year

Credit Suisse declined to comment on the fee hikes, but confirmed that it was "adjusting its charges for precious metal accounts for financial institutions". UBS declined comment.

Higher vault fees are the latest sign of strain in Switzerland's banking industry, as investors in search of a haven for their wealth pile money into the country. Last month, UBS and Credit Suisse imposed negative interest rates on short-term cash deposits in an attempt to stem inflows from investors seeking a haven from the eurozone crisis.

The move has caused a stir among traders, given Switzerland's significance as a hub for physical gold trading, and is also opening up opportunities for rivals. Non-Swiss banks are considering building new vaults in the country to take advantage of the move by UBS and Credit Suisse, according to industry executives.

Some gold investors began shifting their holdings from unallocated to allocated accounts - which are generally more expensive - at the beginning of the financial crisis. While holders of allocated gold are protected if a bank goes bankrupt, holders of unallocated gold could lose their investment.

"Banks have been keen for clients to move out of unallocated gold positions into allocated gold positions," said Philip Klapwijk, head of metal analytics at Thomson Reuters GFMS, a precious metals consultancy. "We had a phase where it was driven by perceived credit risks [after the bankruptcy of Lehman Brothers]. But this is being driven by banks themselves saying to customers, 'Move this gold to allocated accounts so it's not on our balance sheet'."

UBS has in recent months urged clients to place their gold in "collective pool custody" accounts - vehicles that maintain direct ownership of gold bars on behalf of several clients. By grouping clients' gold deposits, banks can avoid the logistical headaches involved in accounting for individual investors' bars.

Diamond Buyer - Strong start to Fourth Antwerp Diamond Trade Fair

Source - http://www.diamondne.ws/
By - Pauline
Category - Diamond Buyer
Posted By - http://tinyurl.com/SellDiamondEarrings

Diamond Buyer

The fourth edition of the Antwerp Diamond Trade Fair opened today in Antwerp, Belgium. With scores of visitors waiting in line to collect their badges at the registration desk, foot traffic in the corridors of the Antwerp Diamond Bourse and the Diamond Club of Antwerp was strong, turning the exhibition booths of the 83 participating companies into beehives of activity. 

“We knew that this year’s fair would be busy since we have invited close to 300 buyers,” said Raphael Rubin, a senior member of the ADTF Organizing Committee. “When you add in those buyers who were invited in previous years, and choose to come back to visit the ADTF, you have a full house. This year, we’re also welcoming buyers’ delegations from Greater China, Europe, the Middle East, and other regions,” he added.

For Oscar Garcia Escamilla from Barcelona, the fair is a perfect fit. “I have just struck out on my own as an independent diamond buyer, after working in wholesale and retail for more than a decade. This fair is an excellent introduction to a great number of suppliers. This certainly will not be my last visit to Antwerp,” he said. 

Katy Frevre-Biache, of Emmanuel Esch Company of Luxembourg, said the fair was a great opportunity to find a rich selection of goods. “Antwerp is relatively close to us, and we come to the city quite often on business trips. But this fair’s formula enables us to see a lot of companies, inspect an enormous selection of goods, and all in a very short time span which is the perfect mix for busy businesses. Just great!”

Meanwhile, Jorge A Lievano, a high-end jeweller from Bogota, Colombia, said he was very impressed with the concept and its execution. “It’s a very elegant event, and well organized,” he stated. Lievano said the invitation to participate in the fair had come at the right mom ent as he is looking to broaden his diamond inventory, and hoping to forge relationships with a number of Antwerp suppliers.

Sell Scrap Gold - India Imported 33% More Gold in January to Beat Tax, Group Says

Source - http://www.bloomberg.com/
By - Swansy Afonso
Category - Sell Scrap Gold
Posted By - http://tinyurl.com/DiamondBuyer

Sell Scrap Gold

Gold imports by India, the world’s biggest buyer, probably jumped 33 percent in January as traders and jewelers rushed to stockpile before the government increased taxes to curb a record current-account deficit. 

Overseas purchases may total 75 metric tons to 80 tons this month compared with 60 tons a year earlier, with bulk of the imports being made in the first three weeks, Bachhraj Bamalwa, chairman of the All India Gems & Jewellery Trade Federation, said by phone. Domestic demand, which has weakened in the past week, may improve in February because of marriages, he said. 

India raised the duty on gold and platinum imports to 6 percent from 4 percent on Jan. 21 to reduce current-account deficit and moderate demand for the precious metal that’s rallied for 12 straight years. Higher taxes may cut demand, trimming imports to as low as 750 tons in the financial year starting April 1 from 855 tons estimated for this year, Nomura Holdings Inc. said Jan. 22. 

“People imported more gold in the first week of January in anticipation of the tax,” Bamalwa said. “Imports weakened after the tax was announced and demand is yet to pick up.” 

Standard Chartered Plc said earlier this month that its gold shipments to India soared on mounting concern the duty would be raised. Physical gold demand has been unusually strong for this time of year, with “good buying” from Southeast Asia, Standard Bank Plc said on Jan. 22.

Wedding Season

Buying gold is considered auspicious in India during religious festivals and weddings. The festivals start in August and end in November, and are followed by the wedding season. 

Gold for immediate delivery was little changed at $1,659.62 an ounce at 1:41 p.m. in Mumbai. Prices rose 7.1 percent last year, the smallest annual gain since 2008. 

India’s current-account deficit widened to $22.3 billion in the three months to Sept. 30 as a faltering global economy hurt exports, the central bank said Dec. 31. About 80 percent of India’s current-account deficit, the broadest measure of trade, tracking goods, services and investment income, is due to gold imports, according to the Reserve Bank of India. 

The rupee fell to a record low of 57.3275 against the dollar last year as bullion imports widened the current-account gap. Bullion in Mumbai surged to a record 32,464 rupees ($603) per 10 grams (0.35 ounce) on Nov. 26 and gained 13 percent last year. The contract for February was little changed at 30,359 rupees on the Multi Commodity Exchange of India Ltd. (MCX)

Buy Watches - Is The Only Way Up For Swiss Watch Prices?

Source - http://www.watchpro.com/
By - Press Release
Category - Buy Watches
Posted By - http://tinyurl.com/BuyWatches1

Buy Watches

ETA SA, the movement maker of Swatch Group and most of its Swiss competitors, enjoys the sort of market share that would have most countries hounding them through the courts for restrictive practices. Its Swatch Group stable mate Nivarox, which makes precision mainsprings for mechanical movements, is even more dominant.

However, such is the dependence of the majority of Swiss watchmakers on the components produced by ETA and Nivarox, they have lobbied for more than a decade to ensure that the manufacturers never turn off their supply. Even colossally wealthy groups such as LVMH and Richemont will remain hooked on their output until they can build or expand their own component factories.

There would be a misconception to imagine that the ETA monopoly is jealously guarded by its parent Swatch Group. In fact, the group has been trying to wean other watchmakers off its movements for 10 years. Back in 2002, the late Swatch Group president Nicholas Hayek announced that it intended to stop supplying ébauches (the term of French origin for a watch movement without its mainspring, dial or hands) to any companies that were not owned by Swatch Group.

Hayek argued that it was vital for the long-term health of the Swiss watch industry that it begin to create its own mechanisms, but Swatch’s competitors successfully claimed that they would be driven out of business if they had to move immediately away from using ETA’s parts.

The Swiss Competition Commission (Comco) opened an investigation into the issues in 2003. Two years later it concluded – broadly – that both Swatch Group and its competitors were right. Turning off the ETA taps too quickly would indeed be detrimental to the health of the wider Swiss watchmaking industry, but forcing ETA to keep making everybody else’s movements indefinitely would stifle innovation, competition, and ultimately lead to stagnation.

In 2005, Comco ordered that ETA continue to supply movements at the levels of the time until 2008. Supply could then be reduced at an agreed rate by ETA to the competitors of Swatch Group.

The draw-down from 2008 to 2010 was only partially successful, so the SCC recalibrated the rules – effectively giving ETA’s customers more time to get their acts together. As things stand today, ETA is permitted to reduce supplies by 30% by 2015, 50% by 2017 and 70% by 2019. The supply of Nivarox mainsprings can also be reduced by 70% from current levels by the year 2023. However, even these revised deadlines look set to be missed and amended as part of an ongoing negotiation between Comco, Swatch Group and customers of ETA and Nivarox.

The end to this parts war may be in sight, according an article in the Financial Times in November. Comco spokesperson Patrik Ducrey said progress was being made following a consultation with 60 companies that use ETA and Nivarox components.

The results of this consultation, which remain confidential, were sent to Swatch Group in October, and could lead to a new roadmap being outlined as early as January.

Sell Diamond Earrings - Why I'm Not Buying Diamonds This Valentine's Day

Source - http://www.huffingtonpost.com/
By - Press Release
Category - Sell Diamond Earrings
Posted By - http://tinyurl.com/DiamondBuyer

Sell Diamond Earrings

First, let's think about what Valentine's Day really is. Long before it became a Hallmark holiday, Valentine's Day commemorated Saint Valentine, a third century Roman saint. The story goes that Valentine was imprisoned for performing secret weddings of soldiers who were forbidden to marry by order of the Roman Empire. Valentine, according to legend, also healed the daughter of his jailer Asterius. Centuries later a rumor was started that the night before his execution, he sent this woman a note signed "from your Valentine."

While various Christian denominations celebrated February 14th as a feast day, it was not until the High Middle Ages that V-Day became associated with courtly love. By the 1400s, Valentine's Day took on the more modern trappings of professions of love amongst lovers, exchange of "valentine" cards, and gifts of flowers and confections. Mass-produced greeting cards became commonplace in the 1800s, and by the next century, standard gifts included red roses and chocolates packed in red satin, heart-shaped boxes. But it was only in the 1980s that the diamond industry jumped on the bandwagon, using V-Day as a reason to push diamond jewelry.

In other words, American women swallowed the bait, yearning for their very own diamond rings, just like the rich and famous.

De Beers also wants you to believe that "A Diamond is Forever." The slogan's double entendre is perfect for connecting diamonds with love. Diamonds themselves last forever (not true, diamonds can chip, shatter, and be incinerated), and your love -- symbolized by your diamond purchase -- will last forever. 

Why should I buy diamonds that are neither "forever," nor traditionally romantic to express my true, genuine love on this very real and meaningfully traditional lovers' day?

The other reason to not buy diamonds this Valentine's Day -- one of the most popular proposal dates -- is because I believe we are now finally in the post-diamond era. It used to be true, and unfortunately still is to a large extent, that men would have no alternative but to buy diamond engagement rings for their soon-to-be fiancees. Many couples feel serious social pressure to buy the "traditional" diamond trappings. But that is changing. People are learning about the myth of the diamond engagement ring "tradition," and making their own choices based on their own personal tastes, budgets, and lifestyles.

Consequently, we are seeing more and more people buying colored gemstones instead of diamonds to set as center stones in their rings. In addition to the bridal bling, colored gemstones are making serious inroads in the fashion jewelry market, like anniversary rings, stud earrings, pendants, bracelets, etc. I welcome this addition of color to every jewelry box. 

And if love is appreciating what's unique about your partner and your relationship together, then why not choose jewelry that expresses that uniqueness? One HuffPost reader, Evanique Lindsey, commented on my article about Mark Zuckerberg proposing to Priscilla Chan with a ruby ring:

Well I personally think that diamonds are overrated. Thousands of dollars on a ring is just crazy. Just get me my birthstone and his birthstone together and I am a happy girl.

This is a fabulous idea! You can save money, for sure, have a truly special look that symbolizes your relationship, and enjoy the two vibrant colors together in your ring. But you are not limited to your birthstones, especially if your girlfriend doesn't care for hers. Think of what her favorite color is, what colors she wears most often, and what you know will match her sense of style and culture.

Sell Scrap Gold - PRECIOUS-Gold Prices Fall As Euro Hits Session Lows

Source - http://au.finance.yahoo.com/
By - Clara Denina
Category - Sell Scrap Gold
Posted By - http://tinyurl.com/DiamondBuyer01

Sell Scrap Gold

LONDON, Jan 23 (Reuters) - Gold fell further from this week's one-month high on Wednesday as the euro slid to session lows versus the dollar, with signs of improving global economy, after strong euro area economic figures, capping investors' interest in the metal.

The latest euro zone consumer confidence data showed a rise to -23.9 this month from a December figure of -26.3, suggesting households can help boost the bloc's economic recovery.

Spot gold fell 0.2 percent to $1,688 an ounce by 1534 GMT. It hit a one-month high of $1,695.76 in the previous session but failed to retain upward momentum on lower investment demand and technical resistance.

"We can see rather lacklustre interest for gold right now, with investors withdrawing some money from the gold market (as the global economy shows signs of improvement)," Tobias Merath, global head of commodity research at Credit Suisse said.

"At the moment there is also a bit of portfolio effect going on as gold's returns in 2012 moderated to 7 percent from 18 percent in the previous ten years and were than returns in equities," he added.

"This implies that investors are trimming their positions in gold to adjust their portfolios, preventing the metal from breaking above the key $1,700 level."

The SPDR Gold Trust, the world's top gold ETF, has seen an outflow of nearly 15 tonnes so far this year.

Recent monetary easing in Japan had triggered rallies in equities, which gold has tracked closely in the past days. Accomodative policies are usually seen as positive for gold, as rampant cash printing would prompt currency debasement.

"We continue to see a lot of monetary easing from the Bank of Japan and other central banks, and we think ultimately this will pick up gold sentiment once again," said Standard Bank analyst Walter de Wet.

But gold stalled below $1,700 an ounce in early January and has struggled to break through key resistance at the 55-day simple moving average of $1,695.50, which has capped prices for the last five sessions, frustrating buyers.

"You have the high from January 2 which is $1,695, you have the 55-day simple moving average which has capped it for the last five days at 1695.50," Axel Rudolph, a technical analyst at Commerzbank, said.

"That whole band basically just seems to cap gold. Although it's trying to go higher, it's failed every single time around here," he said.

INDIAN BUYING SLACKENS

Demand in the physical gold market remained strong in the south-east Asian region, but buying by major consumer India was expected to pause in the next few days while the government provides details on tax changes this week, analysts said.

The Indian government lifted the import duty on refined gold to 6 percent from 4 percent and more than doubled the import duty on gold dore bars and ores.

"The news that India is lifting its import taxes on gold temporarily is having a negative impact on sentiment," Standard Bank's de Wet said.

Spot silver rose to a five-week high of $32.44 an ounce, extending a seven-day run higher. It was last seen at $32.18, unchanged from the previous close.

"Silver has outperformed gold year-to-date and its market's supply surplus is being taken up by investors, who tend to buy the metal when risk appetite is on the rise," Merath said.

"We expect further upside for the metal in the short term," he added.

A robust inflow into silver-backed exchange-traded funds has helped spot silver prices rally more than 6 percent so far this year, as the metal's exposure to a quickened pace of economic growth attracted investors.

Holdings of iShares Silver Trust, the world's largest silver ETF, stood at 10,689 tonnes on Jan. 22, up 604.9 tonnes, or nearly 6 percent, from the end of 2012.

In other precious metals, spot platinum was down 0.3 percent to $1,688.49, while palladium lost 0.1 percent to $722.97, staying below last week's multi-month highs, made on the back of output cuts in South Africa and hopes for an improvement in demand. (Additional reporting by Jan Harvey; Edited by Veronica Brown and Alison Birrane)

Sell Jewellery - 5 Things You Should Know Before Selling Jewelry

Source - http://fashionable-jewellery.blogspot.com
By - Press Release
Category - Sell Jewellery
Posted By - http://tinyurl.com/SellGold1

Sell Jewellery

The drop of any economy always leads to the rising value of one substance in particular, and that is gold. When a currency loses its value, the value of gold goes up as it is seen as more stable than a government-backed piece of paper. This is due to a lack of trust in the government that backs the currency. Whatever reasons cause this, the United States is in the middle of a recession and you can tell by the surging gold prices in the market these days. Many different companies are now popping up, offering cash for spare gold, and they are advertising at an incredible rate.

Now in major cities you can find places to sell jewelry and scrap gold for money right on the street. A jewelry buyer is a great place for someone to sell a watch, and other gold buyers will take pieces of gold and pay you for that too. However, if you do plan on selling, there are a few things you should remember before you dive headfirst into anything.

1. You can't trust engraving- When a piece of jewelry is made, an engraving is often made so future owners can tell the quality of the metals being used. However, there is no law in most countries that force engravers to be honest. So just because your ring says it's a certain grade of gold, doesn't mean that it actually is, and an expert jeweler will be able to point it out quickly.

2. Scrap gold prices don't reflect retail value- Just because the same ring in the store window is priced high doesn't mean that your ring will be worth as much to a scrap gold company. What this means is that when you sell a ring to a scrap gold company, they simply want the valuable gold and don't really care about looks or appeal. So you will get the money for just the gold, not the actual jewelry. Another way to look at it is by relating it to buying a car, the moment you walk with a ring out of a store, it is worth less than the same one inside the store.

3. Jewelers use appraising as a marketing tool- If you bring in scrap gold or an old piece of jewelry to a jeweler, you should know that the appraisal brings in a price for trade-ins only. What that means is that they will not usually give you cash back, but let you trade it in for a different piece of jewelry that is equivalent to the appraisal price.

4. Better kept jewelry is worth more- If you do want to bring in your old jewelry to a jeweler to sell it, make sure the upkeep on the jewelry is done well. If the jewelry is in good condition, it will bring in more money when you try to sell it.

5. New Jewelry is worth more than old, unless it becomes antique- Jewelry is also like a car in that its value goes down over time. Unless it is rare, or antique, kind of like a classic car, the jewelry will be seen as old and out of style, meaning that it will fetch a lower price in the market.

Sell Diamond Earrings - First 2014 Corvette Sells for $1.1 Million at Auction

Source - http://mashable.com/
By - Pete Pachal
Category - Sell Diamond Earrings
Posted By - http://tinyurl.com/SellDiamondEarrings

Sell Diamond Earrings

How much would you pay to be the first owner of the all-new Corvette Stingray? Whatever your price is, it's probably not as much as NASCAR team owner Rick Hendrick's, who just laid down more than a million bucks for the car.

Hendrick bid $1.05 million for the first Stingray to come off GM's production lines — model 0001 — at the Barrett-Jackson car collector event in Scottsdale, Az., Road & Track reports. The money will be donated to the College for Creative Studies in Detroit.

Charitable contributions aside, the price is exorbitant. While Chevrolet hasn't announced the final price of the new Corvette, it has said it'll be close to what current Corvettes cost now, which run about $50,000.

Hendrick has paid a lot of money to be first in line for other Chevy cars, according to the Latinos Post. His winning $350,000 bid at a Las Vegas auction got him the first 2010 Camaro SS, and he also won the first 2011 Corvette Z06 Carbon Edition.

SEE ALSO: Carbon Fiber: The Secret of the 2014 Corvette Stingray

GM unveiled the 2014 Corvette Stingray last week. Released for the 50th anniversary of the car, the new model is the seventh generation of the iconic sports car and shares just two parts with the previous generation. The new Corvette departs from its predecessors with muscular lines, carbon-fiber parts, redesigned (and controversially rectangular) tail lights, and a retractable dashboard LCD.

We got a chance to check out (but not drive) the new Corvette when it paid a visit to New York City, and although it's a beautiful car, we wouldn't pay a million bucks to be the first person to drive one.

Sell Jewellery - Jewellers To Benefit From Combined Melbourne Fairs

Source - http://www.jewellermagazine.com
By - Press Release
Category - Sell Jewellery
Posted By - http://tinyurl.com/DiamondBuyer

Sell Jewellery

As the Melbourne Jewellery Fair gears up for its first collaboration with the Gift Fair next month, organiser Expertise Events is confident that retailers and suppliers will appreciate the new partnership. 

 

Jeweller reported last year that the Melbourne Jewellery Fair would co-locate with Reed Gift Fair in Melbourne to create a combined event. Both fairs will be held at the Melbourne Convention & Exhibition Centre, although each will maintain its own separate hall space. 

 

Melbourne Jewellery Fair organiser Gary Fitz-Roy says recent feedback from this year’s exhibitors – there are 29 new exhibitors - regarding the joining of events has been encouraging. He believes the combined event will present suppliers and retailers with a range of new opportunities.

 

“I think it’s an effective use of people’s time and it allows visitors to see a greater offering,” Fitz-Roy explained. 

 

“Comments specifically from some of the people in New Zealand are saying it looks like it’s more worthwhile to come and visit now because of the bigger offering.” 

 

Different badge

Under the joint promotion arrangement, registered jewellery fair visitors with photo ID will gain automatic free access to the gift fair.

However gift fair visitors will have to meet a certain criteria before gaining access to the jewellery fair. Those who are successful will receive a badge that clearly identifies that their business is predominately a gift store that may sell jewellery.

“I think the different badge will go a long way to making it easier for exhibitors to identify or differentiate that there’s two major demographics of visitors – one being someone that sees themselves as a purist jewellery retailer and one that is a gift retailer that carries some jewellery,” Fitz-Roy said.  

He believes this year’s fair, which has been extended to three-days (from 2-4 February), is an important opportunity for the industry members to interact and provide each other with advice on how to improve business at a time “when things are tough”. 

In line with this sentiment, a networking evening with a relaxed social focus where the organisers will provide drinks and finger food, will take place on Sunday between 5pm and 6pm. 

“We started the networking evening ast year and we received very positive feedback from retailers and exhibitors,” he said.  

“I think that in these times it’s a really good opportunity to be able to discuss any issues that may exist in a more relaxed environment.” 

The co-located event is being conducted on a trial basis and Fitz-Roy says its results will be reviewed over the next few years. 

“At this stage we hope the joint event is an ongoing activity because we see it as a positive move,” he said. 

Sell Watches - Martian Watches Wirelessly Connect You To Your Phone

Source - http://www.inquisitr.com/
By - Press Release
Category - Sell Watches
Posted By - http://tinyurl.com/SellWatches

Sell Watches

Martian Watches made their debut this past week in Las Vegas as they introduced their new line of watches that connect you to your phone.

I was given the opportunity to attend the 2013 CES with a group of IQ writers this past week. Before the event kicked off, he went to the PEPCOM Digital Experience.

This is where I was able to get a view of these revolutionary new Martian Watches.

These Martian Watches first look like ordinary watches with a little bit of class, but upon further investigation I noticed something a little different.

Built inside the watch, there is a 96 x 16 pixel OLED display that is capable of displaying text messages (up to 40 characters) or the name of an incoming caller.

That’s right, Martian Watches allow the wearer to communicate with their phone via Bluetooth.

The user can use their Martian Watch to answer phone calls, make phone calls, set calendar notifications, and listen and reply to text messages.

It even has vibration and LED alerts for when you get a incoming text message or phone call.

Martian Watches is set to release their new line in the spring.

When released, you will be able to pick your own Martian watch up through the company’s website, specialty retailers, consumer electronics retailers, wireless carriers, and office supply retailers.

The new line of Martian Watches will sell between $250 and $300 dollars.

Is a watch worth that much money?

Seeing as how people are spending thousands of dollars on Rolex watches, I think it’s safe to say that they will have no problem selling the Martian Watches.

Diamond Buyer - Antwerp: Diamond hub throws another party to up its game

Source - http://www.ft.com/
By - Claire Adler
Category - Diamond Buyer
Posted By - http://tinyurl.com/DiamondBuyer01
 

Diamond Buyer

In late January, Antwerp will hold its largest ever invitation-only show in its 110-year-old diamond trading halls, pulling out all the stops to entice jewellers, manufacturers and retailers.

 

Seventy-five exhibitors are expected to welcome 500 visitors from 50 countries, including Russia, China, the US, South America and the Middle East. Speakers include Reena Ahluwalia, an Indian-Canadian jeweller whose designs have been feted with awards by De Beers and Rio Tinto and were transformed into a Belgian postage stamp in 2010.

Fair organisers say 80 per cent of all rough diamonds and 50 per cent in value of polished diamonds in the world are traded in Antwerp, with an average turnover of $350m daily. 

But business is not what it used to be. While global trading volumes are stable or rising, the volume of the trade in Antwerp is down. Once it was arguably the world’s most important centre for polishing and trading rough diamonds. Today, however, much polishing has shifted to India.

The rise of internet diamond businesses, sometimes sister companies of Antwerp-based groups, has contributed to driving down prices.

“The mood in Antwerp is negative,” says an industry insider who did not wish to be named. “Polished diamonds are selling slowly, which is a reflection of the general market, especially in Europe.

“While the industry has seen dynamic growth in the Far East from which Antwerp has benefited, there has also been a big shift to Hong Kong.The government and Antwerp’s long- established banking infrastructure are not supporting the trade like they used to.”

The next generation of some established companies are not joining their family businesses as they fear it may not offer the wealth and security it brought their parents. “Over the last two years, many Indian businesses with offices in Antwerp have split their interests more evenly between diamonds, coloured stones and property,” says David Marshall, London-based jewellery designer and manufacturer.

Be that as it may, fair organisers have been fielding calls from more buyers than ever to secure their place on the coveted list of guests. Last year’s fair included a lavish dinner for 600 and their partners, who were flown in at the fair’s expense. 

Antwerp is doing its best to evolve with the times, establishing a Facebook presence and, in an increasingly marketing-savvy environment, is using its annual fair to shine the light on what it does best. Today the city industry’s largest source of revenue comes from polished diamonds. It is still home to the traditional crafts of diamond cutting, especially fancy shaped stones, and re-cutting and polishing high value stones.

Companies from Israel, India, Russia, the US and Hong Kong, have offices or partners there.

Dimexon, a Mumbai-based group with manufacturing facilities worldwide, recently opened a new facility in Antwerp, firmly establishing its European head office in the city’s diamond district. “Dimexon’s Antwerp unit is focused primarily on polishishing and jewellery distribution to address the requirements of the western markets, as well as rough diamond sourcing,” says Vishal Mehta, company director. 

For UK-based companies, Antwerp is only a day trip away, making buying relatively convenient. British companies also have the advantage of not having to foot the VAT bill for diamond imports from Belgium, even if they originated from elsewhere.

Jody Wainwright, sixth generation director and head gem buyer at Boodles, regularly sources stones from Antwerp. 

“While the glamour of thefair is impressive and exciting, companies will come and go, but Antwerp remains home to companies that have withstood the test of time, including those my great grandfather bought from that I still buy from today,” he says.

Tobias Kormind and Vadim Weinig, founders of 77Diamonds, look to Antwerp for larger, rarer stones. “Only the most skilled craftsmen are left in Antwerp, which means there is quality there. You can also find niche goods in Antwerp, and you can get any type of unique diamond shape made. If you are within the circle, there is a lot of trust,” says Mr Weinig. 

David Marshall says suppliers are now regularly visiting London. “Some of the companies have realised they can’t just sit there and wait. They have to get out and promote themselves like everyone else as, nowadays, you can have a stone flown in the next day from pretty much any supply source.”

Sell Gold - India Hikes Import Tax On Gold By 50%

Source - http://www.skynews.com.au
By - Press Release
Category - Sell Gold
Posted By - http://tinyurl.com/SellGold02

Sell Gold

India, the world's top gold consumer, has hiked the import duty on the precious metal by 50 per cent to reduce demand and help stem the country's ballooning current account deficit.

Gold purchases are one of the biggest contributors to India's current account deficit - the broadest measure of trade - which hit a record $US22.3 billion ($A21.3 billion), or 5.4 per cent of GDP, in the July-September quarter, as imports outpaced exports.

The Government said the rise in the import duty on gold from four to six per cent would take effect immediately. Last year it doubled the duty on gold to four per cent.

'The duties will be reviewed after some time if there is a moderation in the quantity of gold that is imported into the country,' Economic Affairs Secretary, Arvind Mayaram, told reporters.

The hike is part of a wider set of measures to improve the finances of Asia's third-largest economy, which faces stubbornly high inflation, a sharp slowdown in growth as well as the hefty current and fiscal account deficits.

Ratings agencies have threatened to downgrade India's sovereign investment rating to junk status unless the government takes steps to close the nation's the deficits.

India has long been the world's biggest buyer of gold with purchases strongest during the religious festival and wedding seasons.

Last year's rise in the import duty on gold dampened demand temporarily but purchases picked up again.

Many Indians - especially in rural areas where there are few banks - purchase gold in the form of jewellery, bars and coins as a hedge against inflation.

Sell Scrap Gold - Sell MCX Gold Feb Fut below Rs 30300: Fortune Financial

Source - http://www.moneycontrol.com/
By - Press Release
Category - Sell Scrap Gold
Posted By - http://tinyurl.com/SellWatches

Sell Scrap Gold

Fortune Financial Services has come out with its report on Gold. According to the research firm, one can sell MCX Gold February contract below Rs 30300 for target of Rs 29930-29400 with stoploss above Rs 30540.

Bullion futures contracts are likely to trade lower next week due to appreciation in the rupee, and long liquidation in benchmark COMEX contracts. On COMEX, bullion futures are seen trading with a weak bias as investors may book profits as the near term direction of precious metals remains uncertain. Although Spot gold was little higher last week on comex following a slightly-better-than expected reading on Chinese 4Q growth.

Physical demand for gold remains healthy, with consistently strong buying in India and China since mid- December.  MCX Gold Feb contract has turned negative on chart and expected to remain weak unless trades above 31210. Market will turn positive if market holds and trades above this. Traders can sell on small pullback; initial targets are seen near 29930 and 29347, if market breaks critical support of 30300.

Recommendation Traders are advised to sell below Rs 30300 for target of Rs 29930-29400 with stop above Rs 30540.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Sell Watches - eWatches Announces Their Valentine’s Day Designer Watches Sneak Peak

Source - http://news.yahoo.com/
By - Press Release
Category - Sell Watches
Posted By - http://tinyurl.com/SellWatches

Sell Watches

 eWatches announces their Valentine’s Day sneak peak at their massive sale on designer watches. Selected timepieces will be reduced up to 85% off retail prices.

Hollywood, Fla. (PRWEB) January 21, 2013

Discount designer watch retailer eWatches is well known for offering massive price cuts on top designer watches. They have announced this week the launch of their Valentine’s Day sneak peak on their top trending timepieces. As a leading retailer of designer watches, they have brought back their sneak peak due to the requests of their customers from last year’s inaugural promotion. 

Offering designer watches from Seiko, Glam Rock, Lucien Piccard, Swiss Legend, Bulova, Invicta, Skagen and more, eWatches is proud to offer top name designer watches at low prices. The Bulova Marine Star collection has over 16 hand crafted Bulova watches at discounts up to 85% off.

Founded in the 1870’s by Joseph Bulova, an immigrant who came to New York from Bohemia, he quickly distinguished himself from the hundreds of jewelers in Manhattan. Bulova is a brand comprised timeless watches for men and women. They were the first to debut a complete line of men’s wristwatches and this heritage still holds firm in Bulova’s Classic collection. 

The Men’s Marine Star Chronograph Black Grid Stainless Steel watch is a favorite among the 16 timepieces in the Bulova Marine Star collection. This watch is encased in stylish brushed and polished stainless steel body with an elegant black grid dial. The dial is accented with silver tone hands and finished on top with a black and blue bezel with tachymeter scale included. This timepiece is water resistant up to 30 meters and the stainless steel band and body will ensure durability.

"I placed an order with you last week for a Bulova watch. I received an e-mail within the quarter hour showing me the FedEx Ground tracking number. The package arrived the day you estimated it would and the day FedEx said it would. The watch is absolutely flawless, and the price was truly unbeatable” said Joe from Tucson, customer of eWatches.

eWatches offers seasonal specials and promotions such as this Valentine’s Day sneak peak which customers can save big on top trending designer watches. Purchasing early and taking advantage of the low prices will help ensure that the watch is available and delivered promptly. Selected watches will ship same day if ordered before 2pm.

About eWatches:

eWatches.com is an award-winning internet retailer of discount designer watches serving tens of thousands of satisfied customers since the company’s inception in 2003. In both 2007 and 2008, Inc. Magazine selected eWatches.com as one of ‘America’s 500 Fastest Growing Companies’ in its annual Inc. 500 list.

Diamond Buyer - Diamond Jewelry Buyer Shows You How to Sell Used Jewelry

Source - http://www.digitaljournal.com
By - Press Release
Category - Diamond Buyer
Posted By - http://tinyurl.com/DiamondBuyer

Diamond Buyer

 Jewelry buyer and consumer advocate Carl Blackburn teaches how to sell pre-owned diamond jewelry for more cash with his new personal blog at CarlBlackburn.com.

Carl Blackburn Fine jewelry Buyers has launched an online Knowledge Corner, where Carl Blackburn teaches customers how to sell used jewelry and diamonds for a fair price. A long-time consumer advocate, Blackburn has been writing articles for many years regarding fine jewelry, collectable timepieces, and other portable luxury assets. "We've seen a big shift in recent years, where millions of Americans have become aware of the thousands of dollars of liquid assets they have lying in their jewelry boxes. However, getting reliable and useful information on how to sell a diamond and estate jewelry has been hard to obtain," says Blackburn. The popular California jewelry buyer is now making it easier with his new blog "Carl Blackburn's Knowledge Corner" at CarlBlackburn.com. "At Carl Blackburn Fine jewelry Buyers, we take a two-pronged approach to the buying of pre-owned diamond jewelry and fine watches," says Blackburn. "Customers can rely on us for both excellent buying offers AND detailed information about their items, including how we have arrived at a fair market price." According to Blackburn, when customers receive a free consultation at Carl Blackburn Fine Jewelry Buyers, his professional jewelry buyers don't just ask the seller how much they want for their item--like many pawn shops and other jewelry buyers do. His expert staff (which includes GIA certified gemologists) conducts a full market appraisal of the item, describing their evaluation process in detail as it's being performed. "What I am going to be sharing with you in my personal blog is all the same inside knowledge and information that my jewelry buyers share with our clients every day," says Blackburn, who is a 2nd generation estate jewelry buyer, internationally-recognized jewelry designer, and owner of Carl Blackburn Fine Jewelry Buyers. In order for people to understand how to sell jewelry and diamonds for a fair price, they need to know how much money they can expect when selling diamond jewelry. That is why one of Carl Blackburn's first knowledge posts is titled "How much Money Can I Expect When I Sell My Jewelry?" In this article, Blackburn breaks down the margins and percentages for when you sell used jewelry to a jewelry buyer directly and when you sell your jewelry on consignment. To read that article and other knowledge articles by Carl Blackburn, please go to his official blog at: How to Sell Used Jewelry. To talk with one his A+ BBB jewelry and diamond buyers, please call (619) 531-8980. Carl Blackburn Fine Jewelry Buyers is a luxury diamond and watch buyer that provides professional expertise in estate valuations and asset loans, so that you can receive the maximum return. The company's estate buying offices are located at 911 Sixth Avenue, San Diego, CA.

Sell Gold - Aussie Prospector Strikes Gold With $300k Nugget

Source - http://www.theaustralian.com.au/
By - The Wall Street Journal
Category - Sell Gold
Posted By - http://tinyurl.com/SellGold1

Sell Gold

A rare gold nugget roughly the size of a large hammer weighing almost 177 troy ounces (5.5kg) worth nearly $300,000 at current prices has been unearthed near the town of Ballarat in Victoria.

The prospector used a metal detector, a shovel and a crowbar to unearth his find Wednesday morning, said Cordell Kent, owner of Ballarat's The Mining Exchange Gold Shop. Mr Kent is representing the nugget's owner in talks with potential buyers, but declined to name the prospector.

"He's a very happy camper," Mr Kent said of the prospector, adding the man had found natural gold nuggets in the past, but the largest had weighed just a quarter of an ounce.

The nugget is 22cm long and 14cm wide at its broadest point, and is between 97 per cent and 98 per cent pure gold, Mr Kent said. The prospector initially weighed the nugget on his bathroom scales at 3.4kg, but a more precise measurement by Mr Kent showed it weighed 5.5kg or 177 ounces.

The high price of gold now trading at $1688 an ounce is tempting more and more prospectors to scour the outback and Australian towns associated with past gold rushes in search of the precious metal.

In 2010, a solo prospector unearthed the Ausrox Nugget, a football-sized lump weighing 50 pounds (22.6kg), using a metal detector on a site east of the Western Australian mining town of Kalgoorlie. The nugget was later sold to an American buyer for more than $US1 million.

Cathy Anza, of the Perth Mint, said the Ballarat nugget is likely to fetch a premium to the value of its weight in gold.

"It would probably be in the top ten to fifteen largest nuggets in the world that haven't been melted down," Ms Anza said. While larger nuggets have been discovered in the past, many of them were melted down for their gold content.

The rarity factor of the Ballarat nugget would likely see it secure a greater value, Ms Anza said.

Mr Kent said buyers are already lining up to bid on the nugget, which is likely to remain a display piece rather than get melted down.

"I was up until 1.30 in the morning answering email and phone calls," Mr Kent said, adding a sale is likely to be finalised in the coming days.

"We've got offers on the table and we don't want to lose those offers," he said, adding the prospector is looking forward to paying off debt on his house and his bills.