It's buyer beware at a "high value jewelry" auction in Saskatoon this weekend, warns the province's consumer protection branch.

Heritage Auctioneers Alberta Ltd. is advertising the auction items as "magnificent pieces of jewelry" and "high value jewelry confiscated for non-payment."

Newspaper ads list emeralds, rubies, sapphires, pearls, a 2.25 carat pear-shaped diamond and a men's Rolex watch with diamonds. According to the ads, the auction will start at 2 p.m. on Sunday, with viewing at 1 p.m., at the Saskatoon Inn.

The company is registered in Saskatchewan, but it does not have a licence to hold an auction nor has it posted a bond, says Larry Wilson, deputy registrar of the consumer protection branch of Saskatchewan Justice.

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