In today’s market, jewelry buyers have a number of great online jewelers to choose from when buying a diamond or piece of fine jewelry. But what if you want to sell a diamond or piece of jewelry?
In the past, sellers only had two real options: a local jeweler or a pawn shop. Since local jewelers don’t usually invest in physical diamonds because the process is cash intensive (typically jewelers show diamonds on loan from diamond dealers), local jewelers are usually unlikely to pay more than a fraction of the retail value for a diamond or jewelry item. Pawn shops face similar cash constraints but also face other challenges. Neither of these traditional options is designed to maximize value for the individual selling his or her diamond, and this is where Worthy comes in.
Worthy is the largest and most popular pre-owned luxury goods marketplace in the U.S., having helped evaluate and sell nearly $3Bn worth of jewelry and loose diamonds for over 500,000 users. The entire Worthy process is designed around protecting and unlocking value for the individual selling the diamond. You can read more in Worthy’s Seller Protection Guarantee.
StoneAlgo recently met with Worthy to discuss their diamond reselling process and we were impressed by what we found. Their office in Midtown Manhattan is an all-in-one operation, covering all aspects of the reselling process including customer service, cleaning, grading, photography, and more.
So what exactly does the process of selling your fine jewelry on Worthy look like? Here are the major steps in the process:
Worthy is helping to unlock value for their users in a way that we felt aligned well with our commitment to transparency and fairness. We’re proud to partner with Worthy to help StoneAlgo users maximize the resale value of their diamonds and fine jewelry.
This post contains affiliate links. If you click through and sign up at Worthy, StoneAlgo may receive a commission (at no additional cost to you). StoneAlgo only partners with brands we believe are conducting business in the right way.