- Report: #1474742
Complaint Review: Genesis Rare Damonds - toronto ontario
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Author Confirmed
Why?
Genesis Rare Damonds
49 Ontario St, 7th Floor toronto, M5A 2V1 ontario, Canada
Phone:
416-927-0030
Web:
N/A
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Genesis Rare Damonds Sold Diamonds as an investment, kept up-selling, kept reducing minimum bid, will not return calls or e-mails toronto ontario
Bought diamond for investment. Later asked them to market it for me. Did not sell at their suggetsed minimum over several sales. They claimed there was a buyers premium so I would get the full bid price.
They suggested puting it into an $8340 setting and it was sure to sell for a minimum of $45,000. I sugested $40,000. They were sure it would sell foe 45 - 50k. after several sales they sugested we place it in a large sale in Hong Kong with Ritchies. Cost would be $3,428.28 sellers commision. Dropped minimum price to $34,000. Assured me if it did not sell it would be placed in future Rithies auctions at no addition cost. They subsequently cancelled the contract with Ritchies. I asked for a refund of the commission which was refused.
They contacted me to place the ring in their sale at a reduced price of $29,000 which I agreed to even though I now had about $35,000 invested. Ring did not sell in their sales.
Contacted me last fall and wanted 5% commision up front on the $34,000 to place in another auction house. Also suggested the $29,000 should be reduced. I refused so they said they would place it in their December sale.
Have had no report on that sale and they do not answer telephone messages or emails.
