Worthy Reviews: Selling My Tiffany Diamond Ring - a Client's Journey
We've had the privilege to help many clients get more for their valuables but this client really got our attention. Not only was Cara's Tiffany bridal set stunning, it had also been through quite the journey on its way to us.
See what we learned in our post-auction interview with Cara:Q. How did you find Worthy?
A. I conducted a pretty straight-forward Google search for "jewelry consignment".
Q. Did you try selling your ring elsewhere?
A. I did! At the beginning of the year, I took my ring to a local jeweler that I had known - they have a pretty good local presence. I decided to consign the ring with them in order to maximize the value without much risk. It was up for consignment for 6 months with no luck. When the consignment period was up I decided not to extend it and tried another local jeweler. They said they had a dealer in NY who would purchase it outright-I liked the price but found Worthy and thought I would give it a try.
Q. Did you have any hesitations with Worthy?
A. I was pretty uncomfortable with it but decided to call and learn more. I called and met my account manager, Josh. He really walked me through the process and helped me understand that there would be no obligation, that everything is insured, etc. I had him show me everything! The insurance ticket was another re-assurance before I went to ship also.
A. Most certainly, yes. I really felt like you all knew what you were doing and that you are genuine people that wouldn't be working at a company like this if it was a scam or anything.
Q. Do you feel that you got the highest market value for your ring?
A. Yes, for sure - especially since it was higher than anyone else was willing to offer. I was very happy with it.
Q. Would you use Worthy again or recommend us to others?
A. Definitely! I've already started recommending you to people I know. I even told a coworker of mine who was considering eBay to try you guys out instead.
About Tiffany & Co
Headquartered in New York City, Tiffany & Co. is renowned for its diamond jewelry and luxury goods. Founded on September 18, 1837, under the name Tiffany, Young, and Ellis, the company was once purveyor to Russia’s imperial family. Today, Tiffany & Co. is known worldwide as an arbiter of style and taste. Thanks to the company’s reputation for best-quality jewelry, Tiffany’s engagement ring resale value is typically very high, so long as the ring is in good to excellent condition. Prices are always dependent on demand, and it’s no surprise that these beautiful rings are always top sellers. When the market for Tiffany’s engagement rings is robust, as it is today, their owners tend to be pleasantly surprised with the outcomes of their auctions. The final outcome? When compared with other jewelry brands, Tiffany’s engagement ring prices tend to be far better, particularly on the resale market.
High Resale Value
Because the value of diamonds and precious metals fluctuates over time, jewelry resale value tends to be variable. Items from well-known luxury goods manufacturers like Tiffany & Co. tend to command higher prices than other, lesser-known, lower-quality brands, no matter how the general jewelry resale marketplace is doing. As Cara’s story illustrates, Tiffany jewelry resale value performs better in comparison to non-branded jewelry. Our professional buyers are highly attracted by branded pieces like Tiffany’s, and this ultimately results in higher bids. Antique, vintage, and contemporary Tiffany jewelry continues to offer high resale value in our marketplace.
What to Do with Old Tiffany Jewelry
When it comes to old or unwanted jewelry, many people opt to give it away, save it “just in case,” or remove the diamonds and sell them separately from the setting. Sometimes, jewelry owners opt to remove precious stones and have them reworked into new designs that they can wear or pass on to their heirs. In cases involving old Tiffany jewelry, though, the options are far different. Because this is a prestigious brand that offers highly sought-after engagement rings and other pieces, it pays to keep the jewelry intact and either keep it to pass on as an heirloom or sell it on the secondhand jewelry marketplace. Antique Tiffany jewelry designs are highly coveted for their unique beauty, and more recent models are in equal demand due to their quality and exquisite craftsmanship. As Cara discovered when reselling her Tiffany bridal set, not all resale markets have the ability to offer excellent prices.