Rule number 201 in auctioning: If the seller openly admits in the first line that his product is unreasonably priced, do not purchase that product.

This is especially true when tanzanite, typically priced at around $500 per carat, is being sold for $10 million here. For that price, you could hire someone and pay them to visit Tanzania and excavate twice as many gems for you. After all, the Tanzanian government nets about $20 million from its tanzanite exports. Do the math — why would this one set equal half of that price? Because of the glorious chandelier-style settings? I don’t think so.