How to ship your jewelry to us, for an offer to purchase
What is needed is an offer not an appraisal
Perception of Price
Purchase VS an Appraisal
What is a realistic value to expect
What value do you use to make an offer
Why Jewelryway
Plain Facts
What Happens When You Sell A Diamond
Appraisal Information and the How's of Valuations
Valuation - Chart of Market Values
FAQ
If "A Diamond Is Forever" , why is the value of a diamond not forever?


How to ship your jewelry to us, for an offer to purchase:

Jewelryway will provide you with shipping materials, specially designed for your jewelry shipment to be insured ($25,000.00 maximum) through the United State Postal System. Your Jewelry will be Insured for the a mutually agreed upon insurance amount. Furthermore, All items are fully insured under Jewelryway's jewelers block insurance policy, while in our possession in our secured facility.

When we receive your items, Jewelryway will inspect and appraise (view a sample of the form we use) your item(s) and inform you of our exact offer to purchase via telephone or email.

Upon your acceptance of our offer, payment in US Funds will be issued immediately, overnight delivery of payment is available at your request.

If for any reason you choose not to accept our offer of purchase, Jewelryway will return your item(s) using a fully insured and safe method at our expense.

For your protection please DO NOT ship us your jewelry prior to receiving an RFO number from us. As, we use this number to track and inventory your valuables through our systems.

When using your own shipping materials, it is important that you print out and complete our inventory form and keep a copy for yourself. Please include the intake number with your return address on the outside of the box.

Shipments should be sent to:
Jewelryway
589 Fifth Ave.
Suite 1202
New York NY 10017

We will offer to purchase your items(s) at the highest possible purchase price. Upon your acceptance of our offer to purchase, Jewelryway will pay you immediately.

If for any reason you prefer to have your item(s) returned, we will do so in an insured manner at our expense.
If you have any questions, please call 212 -319- 0070 or Toll Free within the US at 1-800-238-3642
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What is needed is an offer not an appraisal

If you are selling something, what you need is an offer, not an appraisal. An offer is the actual price someone will pay you today for an item. Someone who tells you what you should get for an item but won't buy it himself is not making an offer. A dealer who suggests a consignment of items at estimated selling prices is not making an offer. Your items may not sell for some time and they may ultimately bring considerably less than the estimate. In fact, they may not sell at all.
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Your Perception of Price is Critical

It is the perception of price that usually decides whether we are successful in buying an item from a client. The price we must pay depends on objectively determined factors- including the quality, size, rarity and marketability of the item. If an appraisal imparted an unrealistic idea of value a customer will never sell. No one will be able to meet his or her expectation. On the other hand, we buy nearly everything that is offered to us by people who have a correct understanding of the value of their items.
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Offer to Purchase VS an Appraisal

The appraised value for insurance is an estimate of the retail replacement price, including both the wholesaler's and the retailer's profits.

The insurance appraised value is usually significantly higher than the actual cash value. In fact, many times, the insurance value appraisal issued at the time of purchase is higher than the purchase price, sometimes by as much as double.
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What is a realistic value to expect?

A diamond that was purchased from a retail jeweler the offer to purchase will be considerably less than what you paid, with good reason, and definitely less than the 'diamonds appraised value'. A diamond sold by a retail jeweler for $ 7,000.00 does not have the value of $ 7,000.00 on the wholesale market or even $5,000.00 . Why not?
The short answer is profit. Every diamond that is sold across a retail counter passes through many hands, and all those hands need to make a profit. It is not uncommon for the local jeweler to sell a diamond for double what he paid a diamond distributor for it. Understandably, the retailer has to cover his expenses of rent, employees, advertising, etc.
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What value do you use to make an offer?

Jewelryway will make an offer that is in keeping with the wholesale market value of the diamond.
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Why Jewelryway?

JewelryWay is a trusted and respected purchasers of diamonds. We purchase millions of dollars in diamonds annually. A small traditional jewelry store (retailers, pawn shops, etc.) like to buy only certain diamonds, what they can sell to their clients. Additionally chances are you will be offered a lower price from them.

Jewelryway buys all cuts, all shapes all the time. Why?
Our parent firm, Bruce D. Verstandig & Co.,Inc. is a well known diamond & jewelry wholesaler in the trade. With established relationship for trading diamonds and jewelry around the world, this increases our buying and selling power.

The company maintains its offices in the heart of the jewelry district of New York City:
589 Fifth Avenue (Suite 1202) New York NY, 10017.
If You have and further questions, please call us toll-free 800-235-3642 or send us an e-mail.

When you are ready to sell, Jewelryway is ready to buy.
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Here Are The Plain Facts:

If you bought your diamond from a jeweler, prepare yourself for a reality shock. Traditional diamond-buyers are going to offer you a lot less than you paid, justifiably, and definitely less than the diamond's appraisal value. For example, if you paid $10,000.00 at a retail jeweler, you are not going to get $10,000.00 obviously when you sell. Or $8,000.00, or even $7000.00 from any professional industry buyer. The offers you receive might make you feel violated, however, it is our responsibility to give you the true picture of the diamond-buying business and pay in that arena at the highest end possible.

Before a diamond reaches the consumer through a jeweler it has passed through many hands: miners, cutters, distributors, brokers, wholesalers and then finally the retailer. During these levels of distribution the prices practically double with continuous mark ups. The $10,000.00 diamond in your local jewelry store was originally sold to the distributor for about half. Retailers have to cover their expenses (employees, rent, etc.), so in the end you pay $10,000.00.
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What Happens When You Sell A Diamond?

A professional buyer must offer a tad less than the distributor price.
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What is an appraisal?

An appraisal is an expert opinion as to the identification, authenticity, quality, design and value of a jewelry item. The detailed information provided on an appraisal is helpful when selling, yet the valuation is not. An appraisal is never an offer to buy unless specifically stated.

Limitations of an appraisal
If the stones are mounted, the grading of color, cut, clarity and weight will be approximate. Unless the stones are removed from the mounting, a positive identification of the stone and its quality are not always possible with many gemstones. Additionally, jewelry appraisals frequently ignore the condition and marketability of the items.

How is the value on an appraisal determined?
The formula used to attain the value stated on the appraisal is determined by the needed purpose of the appraisal; i.e. insurance replacement , estate liquidation, fair market value (IRS), bankruptcy, etc.

Understanding the different purposes of appraisals and how they use different value criteria, helps to explain the confusing and not always understood difference between market value and insurance value appraisal.

Fair market value is a legal term defined by the Treasury Regulations (IRS) - Fair Market Value (F.M.V.) - "That price at which property would change hands between a willing buyer and a willing seller, neither being under compulsion to buy or sell, and both having reasonable knowledge of relevant facts."

Insurance Replacement Appraisal - The appraisal states the approximate price at which you could replace the article with a similar article at a retail store, which sells jewelry of like quality. The retail replacement price includes both the wholesaler's and the retailer's profits.

You should not expect to be able to sell the article for the appraised value, as the insurance value is usually significantly higher than the actual cash value. In fact, many times insurance value appraisals issued at the time of purchase can be higher than the purchase price by as much as double.

Estate Appraisal - This requires an appraisal of the cash value of an item, based on what a willing buyer and a willing seller would agree to without a forced sale. An estate appraisal is based on the premises that the collection is to be liquidated. Since it does not consider selling costs nor current prices for labor or creative design, this type of appraisal is normally lower than appraisals for insurance replacement value.

Marketable Cash Value - Defined as the cash price a willing seller would receive for property, net of all selling expenses, from a willing buyer, neither being under any compulsion to buy or sell and both having reasonable knowledge of relevant facts, within a reasonable time period and in a relevant market.

Liquidation Value - Defined as the price realized in a sale situation under forced or limiting conditions and under time constraints. This action may be initiated by the owner or a crediting institution and may not necessarily take place in the most appropriate marketplace.
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Valuation - Chart of Market Values

A. Retail Market

The price at which the ultimate consumer (the public) would pay for new and unused merchandise, from a retail establishment commonly in the business of selling such merchandise.

B. Wholesale Market

The price which would be paid by the retail establishment, commonly in the business of buying such merchandise, which would require assembling, mounting , setting, etc. into full utility, enabling it to be sold to the ultimate consumer.

C. Second Hand Market

The price at which the ultimate consumer (the public) would pay for used merchandise, with partial or full utility, from a retail establishment commonly in the business of selling such merchandise

D. Collector Market

The price at which a collector would pay for merchandise, new or used, from a dealer commonly in the business of selling them through gem & mineral shows, mail-order catalogues and retail establishments.

E. Consignment

Net dollar amount by sale for cash determined by taking into consideration salability, commission and refurbishing fee as applicable, time not being a consideration

F. Scrap Market

The price that can be expected for merchandise with no utility or the possibility of adding utility and determined only by the value of its component parts.

G. Auction Market

The price that has been paid for similar items, in a similar state and condition, new or used.
Net dollar amount is based on utilization of major auction houses - Such as Sothebys, Christies, with commission deducted.
Auction houses - It is a balancing act for the customer , wondering if waiting will bring a bigger payoff or conversely, putting a piece up for public sale and hoping that when the sale arrives the market will not be going through economic distress . Auction houses collect four to six months ahead and that's a big disadvantage.

Note :
The relationship between price and value is often misunderstood. Price is an accomplished fact, the actual sales price;. while value is an expected dollar amount under specific market conditions, usually inflated to make the purchaser feel better. Actual price paid is the evidence of market value.

Independent appraisers who neither buy nor sell are at a disadvantage in estimating the immediate cash value of an item of jewelry. It is difficult to appraise the value of something without being fully acquainted with the market for it. As an active buyer and seller you learn. Losing and making money is a good teacher.
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Q: I paid 8,000 for my diamond ring and/or its appraised for 14,000 can I expect to get an offer for the appraised value or my original cost?

A: See above diamond value and pull appraised notes

Q: How can I get an idea of what you would offer me for my jewelry?

A: Information, information, and information. The more detailed information you can provide will allow us to give you our best guestimate.

Q: What happens if I do not know the color the clarity

A: With diamonds the 4C's are the most important information needed to determine value, and who provided that information.
A diamonds value is determined by the 4 C's ; color, clarity, carat weight and cut. Without all the 4C's it is impossible to even give an estimate of an offer without us physically seeing the diamond. It is important to know that who determined the 4C's as accuraccy is n issue many times without an independent lab report.
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