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Deep Pockets Are Funding This Growing Online Retailer That Appraises Jewelry in Person

Published

10 years ago

May 19, 2016

INSTORE Staff

E-tailer now has jewelry appraisal locations in four major cities.

Online retailer The RealReal will open a new jewelry and timepiece appraisal office in San Francisco, its fourth such location, the Fashion Times reports. The article notes that jewelry is among the fastest-growing categories for the e-tailer, which opened appraisal offices in New York, Los Angeles and Chicago in the past year. The RealReal – which scored $40 million from a venture capital firm last year – lets clients bring in jewelry and timepieces to be evaluated by gemologists and watch experts, who then draw up valuation documents that are posted on the site. Consignors earn 60-70 percent of the selling price.

After 35 Years in Kent, Bonaci Fine Jewelers Found the Right Partner to Close the Right Way

Bob Bonaci spent 35 years building a jewelry business and community presence in Kent, Washington. When he decided it was time to retire, he knew the process would take careful planning — and the right help. Fellow jewelers who’d been through it pointed him to Wilkerson. The results exceeded expectations. Wilkerson’s hands-off approach let Bonaci step back while the team handled every detail, meeting his personal and financial goals throughout. “It is phenomenal, the success that we’ve had.” Watch Bob share his retirement story.