The auction, set to take place on December 7th, is being overseen by John Moran Auctioneers. The company is taking advantage of Erika’s and the earring’s notoriety cleverly using social media to get the word out and take a little dig at Erika simultaneously.
Taking to Instagram, the auctioneers made sure to hashtag Erika’s name in their post, captioning it, “We. Have. THE. Earrings. #erikajayne #diamondearrings” alongside a photo of the jewelery.
John Moran Auctioneers Vice President, Stephen Swan, added in the post, “They are quite possibly the most talked about jewelry in the world at the moment, which adds kind of an unknown excitement and interest factor.”
Molly Burns Keith, who is a jewelry director at the company explained, “The earrings are near colorless and have very nice clarity. The settings are delicate and well-made and show the true fire of the stones. They were found in really good condition and, according to the recently obtained GIA reports, each stud is over 6-carats, making the combined total more than 12-carats.”
Unfortunately, according to TMZ, the earrings are being valued at a way lower than the price they were originally purchased at.
Originally purchased at $750K, the earrings are now expected to only fetch between $250K-350K. However, auction prices are normally lower than retail.
Viewers keeping up with Erika will remember that the entertainer had to turn over the earrings as part of estranged husband, Thomas Girardi’s, bankruptcy and embezzlement case as he used money that was meant to be awarded to victims of a plane crash and a burn victim among others, to pay for the RHOBH star’s gift. Erika has firmly maintained that she knew nothing of Tom’s misdeeds.
In addition to Erika’s diamonds being sold to the highest bidder, Tom’s alleged mistress and “friend” turned over “gifts” that he had bought her over the years willingly, to be auctioned off as well.
They include, “small Tiffany heart-shaped white gold and pave diamond necklace, a small Cartier gold and pave diamond necklace, a Bulgari pearl and diamond necklace, and diamond stud earrings approximately 1.75 carats each,” according to the trustee presiding over the Girardi bankruptcy case.