Excalibur Royale

part 1: they totally overvalue the stones, do not volunteer any supporting references and info for the pricing. What is very clear is that the valuation is driven by their 10%upfront fee that is based on the reserve price. That is also helped by human nature that turns euphoric about the high valuations they propose and in a way promise. I had a stone valued by them at 20k that later on from another dealer was valued at 5k! | part 2: unless you have the time and cash to go to these auctions there is no guarantee and verification that these stones are offered where they were promised. What you see is their website, cheap to make and maintain, no guarantee any sort of clientele is actually looking and buying. All you have is their word, references if you are lucky they may provide can be paid-of or staged | part 3: assume all Canadian diamond dealers are scammers. I have now dealt with 4 of them and you will be always screwed, it is a one way deal and there is no unbiased platform (such as a stock market) to verify pricing whether you are buying or selling | part 4: Can BBB is worthless certainly means little and clearly has no credibility, or they filter strongly in favor of the Can dealers | part 5: I have not come across any deal any dealer based in Canada will offer that has not cash flowing in their direction. A twist on a Ponzi scheme. It rung alarm bell much too late on my end. | part 6: you individual "investor" will always carry all risk!!! When you buy your money first, if you want to sell the stone to them first!!! | part 7: The Canadian diamond market simply has no decent regulations and govt oversight, so they can get away with it. Now you can can stop wondering why there is not such business out of the US! | part 8: there is little legal recourse that not quickly exceeds the cost and value you feel having been scammed for. Notice how most communication is over the phone and how little they will communicate in writing!?

They contacted me re selling my items. I have no idea how they knew I owned these items. An auction was to take place in Hong Kong through Richie Bros in the spring of 2017. Prices were not what as good as expected so they started entering other auctions or so I was told. This was all handled by David Beckler until later in 2018. It was around this time I began having problems contacting him. Apparently he developed some health issues. | Eventually Rueben Ross contacted me by phone in March of 2019 telling me he had one of my items sold but we had to act fast to build a ring by Apr 1/19. Of course this required my sending more money. According to Rueben, the sale has been completed and paid. Three weeks ago I was simply waiting for the foreign currency to clear the bank ( in 5 to 7 business days). Still have NOT received my money and nobody is returning my calls!! | As of this morning I have a new contact, Jeffery Kushner. apparently he is Ruebens supervisor. Two phone calls later I still haven’t had a return call from him either.