The pearls certainly are not as described. There is not a South Sea or akoya in that set, and I highly doubt the clasps are gold. Based on the gram weight they describe, they would be better off melting down the clasps and throwing out the pearls. But for $10, not a big loss. But they are dishonest...
I would not be surprised if the piece received looks like their other "akoya" pearls for sale here:
http://cgi.ebay.com/370-59-CTS-11-2-...QQcmdZViewItem
Or here:
http://cgi.ebay.com/318-18-CTS-11-3-...QQcmdZViewItem
Their Tahitians are amazing as well:
http://cgi.ebay.com/212-32-CTS-OF-DO...QQcmdZViewItem
It always amazes me to see all positive feedback from a seller like this. Maybe because the junk doesn't cost anything...?