Arizona Auctioning Over $1.25 Million in High-End Jewelry Seized by Government

Are you looking to catch a great deal on high end goods? An auction taking place in Arizona this weekend will feature a collection of luxurious jewelry, watches, and coins with a combined value of over $1.25 million.

According to the Counter Narcotics Agency (CNA), the items were confiscated from illicit drug activities. The Sierra Auction has made the items available and online bidding is currently open.

A variety of products will be available for bidding, such as a 18k Presidential Rolex adorned with a diamond bezel valued at more than $65,000, a 14k men’s oval diamond ring featuring a 5.02-carat diamond, evaluated at $80,000, along with other luxurious jewelry containing diamond-encrusted elements and unique designs.

The funds generated through the auction will be returned to law enforcement agencies in the community.

According to Sierra Auction, every year they acquire a significant amount of money from seized jewelry and vehicles from law enforcement agencies across the state. Great deals can be had for consumers when these items are sold on a monthly basis. The funds raised are returned to the respective agency.

The bidding will end at 5 p.m. on Monday, and the successful bidders can retrieve their purchases from 4298 N 35th Dr, Phoenix, AZ 85019. For further information, please visit this link.