Government seized jewlery up for auction in Arizona [Video]

PHOENIX (AZFamily) — Around $1.3 million worth of high-end jewelry, watches, and coins is being auctioned this weekend in Arizona.

The Counter Narcotics Agency (CNA) seized the items from illegal drug operations. Sierra Auction has listed the items available and says online bidding is now open.

Some of the items up for auction include an 18k Presidential Rolex with a diamond bezel worth over $65,000, a 14k yellow-gold men’s oval diamond ring set with a 5.02-carat diamond, appraised at $80,000 and other high-end jewelry with diamond-encrusted pieces and custom designs.

The money raised from the auction will go back to local law enforcement agencies.

“Every year, we get hundreds of thousands of dollars in confiscated jewelry and vehicles from law enforcement agencies throughout the state, and we’re selling these things every month these things come up. We’re trying to sell the product and get the money back to the agency,” said Nick Carr, president of Sierra Auction.

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