ubid and bidz auction sites - Are these Jewelry Sites Legit?

Free Member
laganlas
Posts: 20
Joined: 12 Nov 07
Karma: 
26 Feb 08 08:50:35 pm
Has Jimmy or Forum heard of ubid auction site? They are based in Florida.

Same question for Bidz auction site?

Would appreciate feedback. Don't want to give my credit card details incase they are scam.

Full Member
fm1234
Posts: 838
Joined: 14 Dec 05
Karma: 
26 Feb 08 11:19:18 pm
uBid and Bidz are both very well established, legit companies. Try the forum search function; you'll find numerous threads discussing both.


Frank


"Failure is not when you fall down. Failure is when you don't get back up."

--J.J. Luna
Free Member
jimmy_huber
Posts: 2867
Joined: 11 Mar 10
Karma: 
27 Feb 08 02:19:13 am
Yes both these sites are legit and both have been around for many years.


Link hidden: Login to view by SaleHoo
Full Member
josephanointing
Posts: 9
Joined: 07 Feb 08
Karma: 
1 Mar 08 11:36:19 pm
I just bought my first piece of jewelry on bidz.com for 66.00 dollars!
The compare price was like over 1000 dollars. Sounds too good to be true but
I will have them appraised when they come in. Even if they are only worth like 200 bucks that would still be awesome! I will keep y'all updated on the process.
Alright thats all for now. Check yah all later!

Erik W

Full Member
fm1234
Posts: 838
Joined: 14 Dec 05
Karma: 
2 Mar 08 12:46:12 am
The compare prices on Bidz are absurd, but there are great bargains to be had. Do not let yourself fall in love with an item on Bidz! Most items will be relisted many times, as they deal in quantity.

If I may offer a suggestion, here are some tips for valuing potential purchases from Bidz:

Get the gold price in grams from Link hidden: Login to view

Multiply this per gram price by the fineness of the gold. 24k gold is 100% pure gold; 18k is 75%, 14k is 58.5% etc. So at the current spot price of $31.35/gram, 14k gold has a spot value of ($31.35*0.585) $18.33 per gram. Most Bidz listings specifically state the weight of the ring, so multiply this weight by the spot price -- an average 6 gram ring at 14k fineness has $109.98 worth of gold in it. If you can get your bid anywhere near this price you are doing very well (every so often -- rarely -- I have purchased a ring with stones for less than the spot price at Bidz. It's a great source.)

Regarding stones, stay away from lab created and stick purely to natural ones. Gem values are highly subjective, and there are many varieties, so I won't get into specific valuations on each, but bear in mind that for the most part Bidz is not selling super high quality stuff -- their precious stones (diamonds, rubies, sapphires ad emeralds) tend to be very low quality unless they are accents, so avoid them altogether unless very specific quality info is given and a very clear picture is given.

Hope this helps!


Frank


"Failure is not when you fall down. Failure is when you don't get back up."

--J.J. Luna
Free Member
laganlas
Posts: 20
Joined: 12 Nov 07
Karma: 
31 Mar 08 04:28:39 pm
Hello Frank,
Read with interest your comments on Bidz. Any idea where they get their jewelry from? Would love to buy direct from the source without the bother of bidding. Is this possible to find their sources?

Thanks.

Full Member
fm1234
Posts: 838
Joined: 14 Dec 05
Karma: 
5 Apr 08 02:17:08 pm
Read with interest your comments on Bidz. Any idea where they get their jewelry from? Would love to buy direct from the source without the bother of bidding. Is this possible to find their sources?


With the volumes in which Bidz deals, it would be next to impossible to compete with them even if you did know the source (and most likely they are working with a direct manufacturer anyway.) I once found SJC's manufacturer, which was great news until I found out that their minimum order was $ 100,000.00 Competing on this type of jewelry is almost impossible, because there are firms in India, Thailand and Vietnam (in particular) that churn out massive quantities at next to nothing prices. If you can get a piece on Bidz for barely the value of the metal, let alone the stone and the craftsmanship, with a minimum order quantity of 1 and professional quality pictures already taken of it (those can run around $10 per item or more) then stick to the winning proposition and use Bidz as the supplier.


Frank


"Failure is not when you fall down. Failure is when you don't get back up."

--J.J. Luna
Free Member
authenticdeals
Posts: 4
Joined: 21 Sep 07
Karma: 
10 Apr 08 07:28:56 am
***Deleted By Admin**

Free Member
jimmy_huber
Posts: 2867
Joined: 11 Mar 10
Karma: 
10 Apr 08 09:32:25 am
*******DELETED BY ADMIN*******

This user is not a registered Seller For Link hidden: Login to view
Be advised it is not recommended that you contact this person untill they have registered with Link hidden: Login to view as a Seller and have been cleared to sell to salehoo members.


When they have been cleared they will have the title

*****Registered Seller ***** under thier username.

Sellers can register with salehoo for free. By visiting this link for further information.

Link hidden: Login to view

If you continue to post without salehoo approval your posts will be deleted and you account may be removed If we decide to do so.

Thanks / Jimmy_SaleHoo


Link hidden: Login to view by SaleHoo

Wait! Want Some FREE Supplier Details?

Discover four of the most profitable niches on eBay and get details for the best suppliers for these niches. Enter your details below and we will send them instantly.

Thanks! Please check your email inbox.

Your list of profitable markets and supplier details are on their way to your email inbox.
Be sure to add support@salehoo.com to your safelist to ensure we can deliver the free suppliers details to you.

If you haven't received an email from us in 5 minutes, please check your spam folder or email us at support@salehoo.com.