Web Review: Jewelryway.com

By Gil Galanti

Most of us have jewelry, watches, or other valuable objects at home that we no longer wear, use or even like anymore. In the past, people were reluctant to trade-in these assets instead, they’d store them away with the objects just gathering dust. But, according to Jewelryway.com, today this is no longer the case.

“Some people are hesitant about selling jewelry and other valuables, for fear that it will appear that they need the money” says the website. “Actually, we find that 95% of the people who sell us their jewelry are doing so for other sound, intelligent reasons.”

A lot of money is tied up in valuables that are unused or unwanted. Jewelryway.com was optimized for a single purpose - making the process of selling those valuables - no matter what the reason is - a comfortable and profitable transaction: Jewelryway.com provides users with shipping materials, specially designed for jewelry shipment and up to $25,000 in insurance, through the US Post. Upon receiving items, it will appraise them and then make an offer to purchase. On acceptance of the offer, payment will be issued immediately.

Jewelryway.com claims its offers are of the highest possible purchase price. Although, it stresses, if you choose to decline the offer it will return the item fully insured at its expense. When it comes to divorce settlements, sellers are finding the method an especially smooth way to handle the liquidation of assets.

Jewelryway.com’s parent firm, Bruce D. Verstandig & Co. Inc., operates an international diamond and jewelry wholesaling business. With an established international diamond and jewelry trading network, the company manages to increase its buying and selling power, as well as providing customers a better deal than can be offered at the average local jeweler. Jewelryway.com is really another form of the known “vertical integration” and “approaching consumers” processes that the international diamond and jewelry industry is steering towards.

If you are selling something, what you need is an offer, not just an appraisal. Jewelryway.com will make an offer claiming it “keeps with the wholesale market value of the diamond”. Now there is a fine modern Internet business model.

Honey!? Where is that old diamond ring we got from your grandmother back then…?

IDEX Website Review is an objective evaluation, expressing clear and balanced opinions on retail diamond and jewelry websites. All articles published in this review are solely under IDEX’s editorial control and are not commercially influenced. If you'd like to submit a site for inclusion in our review list, please send an email to webreview@idexonline.com with your full name, job description, company name and Internet domain name of your proposed website.