Lisa Black, USMS District Asset Forfeiture Coordinator, explains that the agency is mainly looking to prevent anyone related to the case from obtaining the diamond, whether that be family of the criminal or officers who worked on the case. The agency is adamant about avoiding conflict of interest or even the appearance of it.To ensure that the best efforts are made in this regard, Black says before the winning bidder can claim the diamond, his name will be given to the US Attorney's Office, which will then determine whether or not the transaction can be completed. Investors should also be aware that there may be another reason for a rejected bid. The USMS is allowed to deny any bid for any reason, including money. The agency, which expects national and international interest, has taken the position that it is the bidders' responsibility to do their own research and then to decide how much they are willing to pay for the Golden Eye. Bid 4 Assets supports this idea, though they have made the grading report publicly available. What is not and will not be disclosed is the value of the stone. However, Diamond Investing News has been informed that the USMS will reject the winning bid if the figure is too far below their determined value. Diamond professionals strongly advise potential investors to bid with more than cash. Having the stone appraised and researching the market is imperative, they say. There are no known stones like the Golden Eye. It is not even clear exactly where this diamond came from, but there are currently no indications that the stone is missing, stolen, subject to UN sanctions or Kimberley Process claims. Unique and problem-free can be a very positive characteristics when considering diamond investments, but those factors alone should not be the basis for decisions.
An appraiser who stresses that she does not offer investment advice also stressed that if she were considering this stone for resale, she wouldn't put any money into it until she knew who her potential buyers are and how much they are willing to pay.Another thing...the bids in the auction will increase in $110,000 increments. Diane Flora of the American Gem Society warns against relying on escalating bids to determine the stone's value or resale potential. Since it is unknown who the bidders are or why they are trying to get the diamond, for all anyone knows a person with deep pockets who isn't even interested in value or selling the diamond could drive its price way up, she says. US Marshals To Sell Rare Yellow Diamond from Diamond Investing News