Blue Nile Partners with Diamond Buy-Back Company

The service will be “disruptive,” the firms say.

Online jeweler Blue Nile has partnered with Mondiamo to introduce “a disruptive service that enables consumers to sell their diamond jewelry for cash through a simple and transparent process.”

Mondiamo is using Blue Nile’s live pricing data for GIA-graded diamonds to create a guaranteed cash offer ranges for the jewelry, according to a press release.

Mondiamo then sends customers a fully insured shipping kit to send the jewelry to its evaluation center for inspection and final offer value.

The collaboration test-launched in June 2016. Mondiamo’s service is currently available in the U.S. and Canada. Plans call for global expansion.

“One of Blue Nile’s guiding principles is to provide transparency to consumers so they can make a diamond purchase that’s right for them, and this partnership with Mondiamo provides that transparency to those who wish to sell their diamond jewelry,” said Harvey Kanter, Blue Nile’s chairman, CEO and president. “Blue Nile has one of the largest inventories of GIA graded diamonds in the world, which makes us the most reliable place to buy high-quality diamonds, and now with Mondiamo, to sell diamonds at tremendous values.

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