CIRCA featured in Robb Report – What to Know Before You Resell Your Jewelry
by Carolyn Meers on March 29, 2018
For the past 18 years, Circa has been handling the delicate process of appraising, offering to buy, and ultimately reselling jewelry from private collections. “We’re a very approachable company,” says co-founder and president Richard Tilles. “Our idea from the beginning was that you should get the same luxury experience when selling the jewelry that you did when you bought it.” To that end, every Circa office (all 12 locations, from N.Y.C. and Beverly Hills to Madrid and central Hong Kong) provides private and one-on-one consultations—and, for convenience’s sake, same-day payouts.
Gems That Get Top Dollar
Whether it’s a diamond, an emerald, a sapphire, ruby, or other stones, top quality gets top value. We’ve seen a little bit of a buoyancy in the diamond market recently. We buy a lot of diamonds. We see 5-plus-carat diamonds, sometimes even 10-carat diamonds here. Obviously, we know that larger is better—the larger the diamond is, the rarer it is. Because the diamond is rare, they get quite valuable at that level. And, of course, quality speaks volumes.
Provenance Is Paramount
There are different qualities that make a ruby or a sapphire or an emerald valuable, and that is different than diamonds—it has to do with where the gemstone was originally mined. Country of origin becomes very big and very, very important in the colored-stone world. A ruby from Burma is the pinnacle of what collectors look for. A sapphire from Kashmir is the pinnacle of what sapphire collectors look for. And an emerald from Colombia is at the top of the heap.
The Brands That Always Sell
Cartier and Van Cleef & Arpels are the two brands that have the most legs—meaning that we have collectors that are just waiting for us to buy these brands so that they can come buy it from us. Certainly, there are a whole host of others that are also very important—JAR, Taffin, and, of course, David Webb is very collectible.
Iconic Pieces Command High Prices
If you’re looking at a piece of Cartier jewelry and it doesn’t look like Cartier, you’re not going to get the kind of passion and value that somebody would give for, for example, an iconic Cartier Panthère bracelet.
We’ve seen a huge demand for vintage stainless-steel sport watches by Rolex and Patek Philippe. We’ve seen these values skyrocket probably in the last 5 to 10 years. They have become really, really desirable, and we get very excited when we see a watch from the ’60s or ’70s that has a faded dial or a faded bezel.