Headlines

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

Published

7 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.

Wilkerson Testimonials

Wilkerson: “They Feel Like Family”

Newton’s Jewelers in Fort Smith, Ark., was a true institution. But after being at the helm for most of his life, owner (and descendent of the original founder) Kelly Newton decided it was time to retire. He chose Wilkerson to handle the sale. “I’ve known the owners of Wilkerson for a long, long time. I felt at home with them,” he says. The final retirement sale was just a “blast” and the Wilkerson sales team made it so very simple and straightforward, says Newton. Would he recommend Wilkerson to others? Absolutely. “They’ve done incredible work,” says Newton. “They feel like family.”