The Complete Guide for Selling Your Diamond Jewelry in Cincinnati
Last updated: December 10, 2020
In our 21st century society, more and more women are choosing to take a minimalist approach to their jewelry. While this could be because diamond jewelry fashion trends are changing, another likely reason is that it is harder to see the value in keeping a large collection. Instead of squirreling away all the pricey gifts and hand-me-downs gathered over the years, modern women are paring down their jewelry boxes to just the pieces they love. The rest can be better used elsewhere - like sold to the local pawn shop or jeweler to fund a vacation, home improvement project or educational pursuit. However, while trends in jewelry are changing, the resale environment is stuck in the past. It’s still hard to get a fair market price no matter where you go, but the introduction of Worthy is changing this notion.
Anyone looking to sell their diamond jewelry now have more options available. On our online platform, a wide network of buyers bid competitively for your high-quality jewelry, a system that results in higher prices for all involved.
Using Worthy was so easy, I felt very comfortable.
Sierra Fein · Happy Client
How Do I Get the Best Price When Selling My Jewelry?
Getting a fair market price used to mean putting in a lot of work. It required traveling between your area’s various jewelry buyers, pawn shops, and fancy boutiques to compare offers. This quest was necessary because going to a single location has never been a good way to sell jewelry. The business model that most shops runs on leaves them no room to extend reasonable prices on used items, and everything one sees in the windows and display cases is sold on markup. Accounting for local demand and overhead, it often happens that the only quote a dealer can afford to give is shockingly low.It takes a market with high demand and volume to generate reasonable prices for used jewelry, so local options have a disadvantage. Worthy is an online alternative where jewelry is sold directly to buyers in search of items like yours. These are qualified buyers with the ability to pay market value rather than suggesting low-ball offers.
Where Can I Sell My Jewelry in Cincinnati?
The options that used to comprise the status quo, such as pawn shops, local jewelry stores, boutiques and diamond buyers, are now being left in the dust by Worthy. Cincinnati residents can sell their diamond jewelry in any of the places below, but the prices they receive will vary.
Local Cincinnati Jewelers: The dealers in the greater Cincinnati area are a decent option, but for those who want the best price, significant effort is required. Going to multiple locations for different quotes is a semi-effective way to raise the average offer, but not an efficient one. Most of these places make all their profit from high margins on new items, so even if the stars align and there’s enough cash on hand, room in inventory and potential demand, you will probably still walk out with an offer that’s half of what you expected.
Online: Customers who use the Worthy website can easily sell their jewelry from their home. We make the process simple and safe, and the first step is just to give us some information about your jewelry. You will also receive our recommendation for a trending price. Afterwards, we pay for insured FedEx shipping to our headquarters, where it receives a professional photoshoot and GSI or GIA grading, so that buyers can place confident bids.
Great website, super fast sale and great people to work with.
Francesca Ruini · Yarmouth Port, Massachusetts
Francesca Sold
A Diamond Ring
How Do I Sell My Jewelry on Worthy.com?
- Get Your Trending Price – Describe your diamond jewelry, and Worthy will show you how similar items auctioned online to give you an idea of its value.
- Schedule a FedEx Pickup – Worthy will prepare a FedEx shipping label for your jewelry. Your jewelry will be fully insured against theft, loss or damage while in transit to our headquarters.
- Grading & Auction Preparation of Your Jewelry –All jewelry on the Worthy auction platform is graded at GSI labs or at GIA. This results in an e-report. Next, the jewelry will be photographed in high definition from every possible angle. This provides potential buyers with all the information they need to make an informed decision during the auction process.
- The Auction - Worthy invites interested jewelry buyers to place bids on your high-end jewelry. The GIA or GSI report presents buyers with the technical specifications of your jewelry. During the auction, jewelry sellers can watch the auction map live to see the bids coming in.
- Claim Your Payment – If the highest bid meets or exceeds the minimum reserve price set for your jewelry, you will get paid ASAP. If not, you may request to have your jewelry returned to your address free of charge.
Come to Cincinnati
Nestled near the intersection of the Licking and the Ohio River, Cincinnati was founded in 1788 as the first new city built after the American Revolution. Now the seat of Hamilton Country, Cincinnati is the third-largest urban center in Ohio and the 65th largest city in the United States. It experienced booming growth in the 19th century as the place where most of the country’s pork was processed, and between the years 1840 and 1860 was the 6th largest city. There are other meat-related themes that occupy the lives of Cincinnati residents, including the famous Oktoberfest festival, where they eat countless sausages and drink giant mugs of beer with visitors. Drinking beer is itself an important part of the Cincinnati lifestyle, and residents on average drink twice as much as the average American – around 40 gallons per person per year.
This proud American city is also home to its share of celebrities. Neil Armstrong was born in Cincinnati in 1930 and went on to become the first human to walk on the moon. He returned to Cincinnati after his travels in space, and lived there until the end of his life. Another well-known Cincinnatian is Jerry Springer, who most Americans know as the host of his dramatic daytime television show. What some forget is that at one point, Mr. Springer was also the city’s mayor.
The major metropolitan hub of Cincinnati has grown exponentially and continues to draw new residents each year who enjoy its clean streets, Midwest charm and cheery atmosphere. Its population gives Cincinnati a mature local economy, so those looking to buy or sell their diamond jewelry in the area have many options.
Luxury Item Protection
The major metropolitan hub of Cincinnati has grown exponentially and continues to draw new residents each year who enjoy its clean streets, Midwest charm and cheery atmosphere. Its population gives Cincinnati a mature local economy, so those looking to buy or sell their diamond jewelry in the area have many options.
Luxury Item Protection
Based in Richmond, Virginia, Brinks is a global leader in security-related services for banks, retailers and even governmental customers. We trust Brinks, to assist us in the secure transport of high value items and the maintenance of our vaulting systems.
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for more about our item protection policy
The Benefits of Working with Worthy
Go to a jeweler in our network or use Worthy.com, and you will quickly discover the unique way we operate and why it is so beneficial. There are a few important tenets we stick to: security, transparency and objectivity. This recipe has served us and our customers well.
Security: Handling expensive and delicate items, especially those with meaning for their owners, necessitates the utmost caution. We pay for fully-insured FedEx shipping, strong physical and digital security measures, and always keep your items under lock and key. Worthy guarantees the security of the items entrusted to us by our customers, and we work hard to minimize risk.
Transparency: We’ve found that individual jewelry sellers like to be as hands-on as possible during the auction process – a tendency that we wholeheartedly support. In addition to setting minimum bid levels, customers have access to real-time information on the location and status of their item, granting peace of mind and more control.
Objectivity: We do not put a price tag on the items that come through our door. Single jewelry buyers might check a ring quickly to determine that its stones are real before throwing out an offer, but we do things differently. Only the grade and other measurements define the value of our jewelry, and we add in high-resolution photography and bit of advertising to encourage buyers. These buyers can be confident in the quality of what they’re looking at and bid accordingly.
Are Worthy's Buyers Trustworthy?
The buyers in our network were all thoroughly vetted by us before being accepted. We test on an array of subjects that show us how reliable an applicant is, including intrinsic gem valuation, industry reputation and solvency. Those who pass are the kinds of buyers we want in our network: educated, reputable and always able to pay.
They generally look for specific types of jewelry items on the auction platform, namely diamond pieces like engagement rings and earrings. Diamond bracelets, necklaces and even loose stones also generate significant interest, and buyers can be found for watches and other goods as well. Submit your item today to receive our recommendation on a trending price.
