If no one competed for a stone, it could be won at a low price. However, if there was competition and others bid against each other, the price of the raw stone would rise, but at least they would know the base price.The second method was sealed bidding. In this case, after selecting a stone, one would remember its number and write one bid on a slip, placing it into the bid box. The highest bid would win after the final review.The auction was divided into four zones: A, B, C, and D. Zones A and B were for open bidding, while zones C and D used sealed bidding. That day’s focus was on open bidding. For sealed bids, participants would submit their bids after reviewing the stones, and the results would be announced the following day. Everyone entered Zone A, taking note of the stones they were interested in and setting mental price limits. In the afternoon, based on their analysis and stone numbers, they would participate in the bidding.The exhibition area was filled with piles of
Last Updated : 2024-10-08 Read more