GIA 5.45-carat Princess-cut solitaire ring sold for $33,822. (photo courtesy of Worthy.com)
Not to be a “Debbie Downer” so close on the heels of St. Valentine’s Day, but believe it or not, it is said hat in today’s world between 40 and 50 percent of married couples get divorced. Recent research from the University of Washington says that divorce rates also spike after the holidays. All of this may leave those who are splitting up wondering what to do with their diamond engagement rings. Some women return the ring to the man, who shoves it in a drawer not knowing how to get his money back. Some women keep them and have the stones re-set, others want to get as far away from the memory as possible. For that reason, Worthy.com established an on-line diamond auction platform that enables the seller to sell with confidence that they have received true value for their stone. Similarly, buyers get assurances.
The seller owns their diamond right up to the point when it is purchased and its the seller also determines the price he is willing to accept for the piece. The middleman is eliminated. Essentially, the diamond auction platform, called Worthy, directly matches the seller of a diamond with a numerous buyers looking for diamonds.
GIA certified 10.01-carat radiant-cut 3-stone ring, sold at auction for $78,185. (Photo courtesy of Worthy.com)
Additionally, the process of understanding what an unwanted diamond could be worth is simple. The seller simply goes to the site and enters as much information as they know about the piece via a simple Q/A format that then transfers the information to the site. Unsure what to say about your stone? Worthy com offers the ability to speak to a representative at any point.
Once the information has been input, the seller receives a preliminary evaluation and the thousands of buyers, already online looking for diamonds, will be notified of the potential, getting them ready to bid. Adding assurance, Worthy works with the Gemological Institute of America (GIA) the world’s most trusted source for gems, so final evaluation of any piece will take place by a trusted professional. Even better: the site guarantees that they will find the best buyer within 7 days. (Don’t do this if you are still on the fence about that split.)
