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

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.

uBid and Bidz are both very well established, legit companies. Try the forum search function; you'll find numerous threads discussing both.


Frank

Yes both these sites are legit and both have been around for many years.

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

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

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.

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

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