June 19, 2025

0.75ct. tw. SI-I natural diamond drop/hoop earrings, 3.6gr., 14kt. gold. $1,320.00 CAD. 151-00364

They are more than just a diamond hoop or a simple drop earring, this pair does a great job at being glamorous in a modest and easy to wear size. Diamond earrings continue to be one of our most popular estate jewellery categories. This pair is very clever, looking like a 1.00 carat single stone drop at the bottom of each hoop. The drop sections each actually contain 9 smaller diamonds that overlap each other leaving no empty spots to reveal the illusion. The four decorative claws further reenforce the mimicry and are nothing more than ornamental. As a finishing touch all the gold areas around the diamonds have been rhodium plated to a brilliant white finish. The 34 round brilliant cut diamonds used in the 4 sections total an estimated weight of 0.75 carats. They are well matched and of better quality than typically seen in most multiple stone designs, SI clarity and HI colour. The earrings are secured by easy to use hinged locking posts, always lined up and no fussy friction backs to keep track of. The decorative filigree gallery is a nice touch that doesn’t serve any purpose other than to look pretty. These earrings are made from close to 3.5 grams of upgraded 14 karat gold. Excellent condition and estate priced at $1,320.00 CAD. Stock #151-00364.

June 18, 2025

2003 Rolex Submariner 40mm 16610 Canadian Delivery $13,500.00 CAD. 505-00608

If you like em complete here’s your Submariner. The demand seems insatiable for ANY Submariner. New or old they’re always in high demand. We’re quite fortunate to get them in on a regular basis, but they are seldom as complete as our latest example, right down to a copy of the original bill of sale. The first owner was disposing of some receipts in his fireplace when he thought better of burning the Rolex receipt from October 2003. A photo copy of the original clearly shows the scorched areas from the fire.  I love it when an older watch comes in with its full compliment of boxes, documents all in perfect condition. The box looks like the watch was never stored inside. No stains or blemishes on the tan swede cuff of the inner box, its wooden lining is 100% scratch free courtesy of the protective foam sheet still in place. The chronometer hang tag is perfect too. Punched paper endorsed warranty card with black cardboard and sleeve are accounted for with sharp crisp edges. The service/instructions booklets look like they’ve never been opened fully as there are no creases in the spines. Bracelet is in excellent condition showing little sag and no stretch. The embossed Rolex logo on the buckle cover still displays fine detail that is lost when refinished too often. Case lugs are thick, serrated bezel edges are sharp allowing precision adjustment of the 60 minute timer bezel. The factory applied fine beveled edge is softening slightly from use but can easily been seen. Scuffs, scratches and minor impact marks are present on the case/bracelet but overall condition for a 22 year old professional Rolex is very good. The 16610 Submariner is a very common model but finding one complete in this condition is rare. These are the last of the aluminum bezel inserts and the traditional 40mm thin lug design common to all Submarines from 1953 until the release of the ceramic bezel model in 2010. Over the close to 25 year production run I’m sure Rolex made hundreds of thousands of them perhaps more than a million. Since they’ve been discontinued and replaced with the new ceramic bezel model collectors are turning to these. Plastic crystal Submariners routinely sell for over $20,000.00 making the 16610 one of the only options. Bill Le Boeuf Jewellers knows this watch well, in June 2023 we did a full service to the automatic chronometer movement including vacuum/pressure testing. Our invoice detailing the service comes with the package. We are happy to include a one year warranty to cover the next owner. This collectible Submariner is priced at $13,500.00 CAD. Stock #505-00608.

June 17, 2025

22KT. Fancy link necklace, 16 inch, 1.6mm, 7.8gr. $1,272.00 CAD. 431-00675

Showcasing a timeless box chain design interspersed with intricately patterned fancy link sections throughout, this exquisite 16 inch long estate necklace is a meticulously constructed piece of jewellery. Crafted from luxurious 22-karat yellow gold that is 91.6% pure, the 1.7mm wide box chain design features square-shaped links that create a smooth, uniform appearance, while the fancy link sections introduce a unique design element adding visual interest to the piece. Each ornate link is finely textured, adding depth and sophistication, while maintaining a graceful and balanced aesthetic. The combination of design elements results in a necklace that is not only aesthetically pleasing but also well-constructed. Reflecting exceptional craftsmanship, the chain boasts a solid construction and substantial weight of 7.8 grams. The high-karat gold radiates a rich, warm hue, characteristic of 22 karat purity, making this necklace both a statement of elegance and a valuable investment. The recyclable gold content alone is worth $1,050.00 as of writing this posting (June 11, 2025). At 16 inches in length, this chain is perfect to wear alone, pair with a pendant or layer with other necklaces for a more personalized look. A blend of tradition and modern style this estate necklace stands out for its durability, refined design, and luxurious presence. Estate priced at $1,272.00 CAD. Stock #431-00675.

June 16, 2025

1991 Rolex Submariner 16613 40mm with box & paperwork $15,000.00 CAD. 505-00606

When the Rolex Submariner debuted in 1953 it was regarded strictly as a highly functional “tool” type watch. Made to accomplish a few specific tasks under some very harsh conditions. It was the first watch waterproof to a depth of 100 meters, now they are rated to 300 meters. The rotating bezel made it possible to quickly calculate elapsed time. It was never designed to win any beauty contests. A few decades later a calendar appeared on the watch adding an obvious and handy feature. Shortly after that a solid gold model became available. In 1984 the first steel and gold combination added a new more affordable “jewellery” version. Model 11613 came out in the late 1980s and featured the then new Rolex caliber 3135 movement that powered submariners for the next 25 years. This movement is considered one of the most durable and reliable available. An almost 50 hour power reserve is longer than many automatic watches even today. Retired from production in 2009 has made the 16613 just a little more desirable.  Replacement model 126613 has grown a touch to 41mm diameter but now comes with a ceramic bezel insert, updated case and bracelet but still has the familiar look that was established decades ago. A brand new 126613LN will also run you $22,250.00. This example dates from 1991 and includes the original box with endorsed warranty papers. These are showing up less and less as collectors are beginning to take good examples off the market. A full technical revision was performed on the watch in 2016 including an replacing the factory crystal, crystal gasket, case gasket, bezel insert, vacuum and pressure testing. Overall condition is very good, the bracelet shows very little sag or stretch. The watch has been carefully and respectfully polished, the four lugs are still thick and display a nice crisp beveled edge that often is missing on overly polished cases. You would never guess looking at the condition that this watch was made 34 years ago. Comes complete with original box and paperwork. Bill Le Boeuf Jewellers complimentary 1 year warranty is included for the estate price of $15,000.00 CAD. Stock #505-00606.

SOLD

June 15, 2025

1971 Rolex GMT Master 1675, 1 owner with box & papers. $20,000.000 CAD. 505-00343

Relative to its original purchase price of just $190.00 CAD in 1971, this Rolex had a costly service of $45.00 just 3 years later. The repair/service cost almost 25% of what the entire watch sold for a few years before. The repair was likely required due to a severe shock or drop of some sort as it needed a new balance staff (common repair) and a general cleaning while it was disassembled. A similar service to a contemporary Rolex would likely cost somewhere in the $1,200.00 to $1,500.00 today. While that sounds like a lot of money, it only represents about 10% of the value of the new Rolex GMT Master II. This tells quite a bit about the cost of Rolex watches and the servicing fees. Highly skilled watchmakers and technicians were plentiful in the 60s and 70s, every small town had at least a few of them. The occupation wasn’t very lucrative as plenty of competition kept the servicing costs extremely low. My father was an experienced watchmaker in the 1950s; there was plenty of work to be had, but not much compensation relative to the skill and time required to maintain such fine instruments. Today qualified watchmakers are far more appreciated and compensated accordingly. The cost of a new Rolex watch has seen exponential price appreciation in the last 50 years. The median income in the year our latest estate watch was made (1971) was around $10,000.00; the cost of the watch represented around 2% of a year’s wages. With a median Canadian income of around $64,000.00 (according to statistics Canada) in 2023, a modern Rolex GMT-Master II now costs over 21% of a year’s wages. Rolex has become far more than just a high quality watch manufacturer, they have transformed their business into one of luxury and lifestyle. This one owner 1971 Rolex GMT Master is a testament to the quality of Rolex watches. How many consumer products can literally be used 24/7 for one’s entire adult life and then left for the next generation to use? You’ll always pay up for a good Rolex but there are far worse things you can do with some extra income. This unlikely investment was quite a surprise to the original owner when he finally decided it was time for a new home after over 50 years of ownership. This local watch comes with its original invoice from the summer of 1971. It also comes with the mentioned 1974 service receipt from Rolex Canada. It was serviced again at Rolex Canada in late 2002. That major service included an overhaul to the self winding mechanism plus replacement of the dial, hands, bezel insert, crown, case tube, repair bracelet (new buckle perhaps), and a few miscellaneous movement parts to the tune of $994.00 (over 5 times the original purchase price) plus sales tax. Incidentally, sales tax in Ontario increased 260% from 1971 to 2002, it seems Rolex isn’t the only one who knows how to make money. In a perfect world, we’d prefer to have all the original 1971 parts still on the watch, but we’re thrilled just the same to have a Rolex this complete with a known history. The replacement parts are genuine Rolex, just not original to the watch. Also included is the rare GMT brochure, fully endorsed punched paper warranty booklet, original chronometer hang tag, green plastic product tag with matching serial number, 2002 service papers with carbon copy, service/travel pouch, and various other payment receipts. Notice that the penmanship is the same on the original sales invoice and warranty paper. The original inner/outed box is complete but the spring loaded hinge is broken. Despite being over 50 years old, we have no concerns about offering a complimentary 1-year warranty (prorated for 5 years) on this classic dual-time Rolex GMT Master 1675. Our estate price is $20,000.00 CAD. Stock #505-00343.