CIRCA Places Winning Bid for Madoff-Owned Bracelet

JCK Staff -- JCK Online, 11/23/2009 4:14:57 PM

Madoff Art Deco diamond and emerald braceletIn recognition of the damage inflicted on investors by financier Bernard Madoff's decade-long Ponzi scheme, CIRCA recently spent $50,000 in a U.S. Marshals-held jewelry auction designed to benefit Madoff's investor victims.

CIRCA purchased an Art Deco diamond and emerald bracelet for twice the piece's appraised value of $25,000. The piece, made in 1925, has six emeralds surrounded by approximately 25 cts. of diamonds.

CIRCA will donate a portion of the resale proceeds to two charities: the Gift of Life Bone Marrow Foundation in Florida, which lost almost $2 million by investing with Bernie Madoff, and the Breast Cancer Research Foundation. 

For more about the piece and the auction, visit the CIRCA Blog: http://blog.circajewels.com.

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