The Gem Portal is selling a greenish-blue Paraiba tourmaline at a live online auction, with a starting bid of $1.
The lot, an 8.31-carat Mozambique gemstone, will go on offer with no reserve and sell to the highest bidder in the October 14 sale at Gem Rock Auctions, The Gem Portal said Monday. The low starting price and no-reserve format let bidders determine the stone’s value, with dealers, collectors and jewelers competing in a transparent live auction where the highest bid wins.
Bangkok-based gemstone dealer The Gem Portal specializes in sourcing high-quality colored gemstones, which it sells through its store on the Gem Rock Auctions marketplace.
“This is one of the finest Paraibas we’ve had through our hands,” said Jake Mossbarger, cofounder of The Gem Portal. “Starting it at $1 with no reserve is our way of saying we trust the market. It will find its value live, in front of everyone.”
Image: The 8.31-carat Paraiba tourmaline. (The Gem Portal)
