The first round of auction items is a pink diamond ring provided by the Las Vegas jewelry appraisal authority. The main stone is a 9.55-carat fancy oval modified brilliant-cut pink diamond, set in 18k rose gold, with the color graded as Fancy Orangy Pink, and a clarity of VVS1. The estimated market price ranges from $750,000 to $810,000, with a starting bid of $500,000 and each bid increment is not less than $5,000.
Allen Zhang wasn't interested in the first dozen or so rounds of auction items. He was merely enjoying the sight of the auction items and the long-legged models parading on stage.
Most assets at the Whale Auction are risky, akin to collateral or laundered items, overlapping with court auctions in nature. Essentially, the owners are either about to flee due to trouble or have already been incarcerated.
