WEBVTT
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The topics and opinions expressed on the following show are
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solely those of the hosts and their guests, and not
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those of W four WN Radio It's employees or affiliates.
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We make no recommendations or endorsements for radio show programs, services,
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or products mentioned on air or on our web. No liability,
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explicit or implied shall be extended to W four WN
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Radio It's employees or affiliates. Any questions or comment should
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be directed to those show hosts.
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Thank you for choosing W four WN Radio.
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Hello, and welcome to Fearless Fabulous You. I am your host, Melaniem,
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and I love helping women like you make competent decisions
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about their lives to live it on their terms and
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hopefully not get scam, which is what we're going to
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talk about today. I can't stand sammers.
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What about it. I don't like being scammed. I've been scammed.
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I don't like.
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People who's scam and it just seems like right now
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the world of business is just filled with scammers, and
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they target people, particularly women of a certain age, They
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target the elderly, they target I think.
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Women are the men.
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I don't know about that, and all the stats, but
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I just feel it, and we're going to talk about
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that today, but we're can talk about it in a
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very productive way because what we're going to talk about
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actually is another big problem that many of us have,
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many of us me, I've been there, and many of
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my friends are having to clean out their elderly parents'
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house after they have sadly either downsize and moved into
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assisted living or maybe they've deceased. But I think I
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have a conversation every week with someone who says, oh
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my god, I have to deal with my mother's or
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father's home and all the stuff in it. I had
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this conversation yesterday with a friend who's executor of an estate,
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and the big question is, oh, all this jewelry, I
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don't know what to do.
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And then there's the third thing. Right now, a lot
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of us may be trying to make ends meet. Maybe
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we are trying to downsize ourselves.
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Maybe we want to take advantage of the amazing escalating
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prices of gold right now and cash. In The thing is,
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many of us don't know how to go about doing it,
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and we are potentially victims of getting scammed. And as
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I said, scammers are among us We're going to talk
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today with an expert in a kind of a new
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Ish company called Unvoult. She is Nadia Ready, is the
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co founder of unvolt and we're going to talk to
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her about how to get the best.
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Value out of selling your jewelry.
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Like I have sold some of my mother's jewelry, I've
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sold joy over the years.
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I probably didn't.
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Sometimes I think I'm made the best decision. Sometimes maybe
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I didn't. I think a lot of it is that
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many of us are selling under dress and we move
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too quickly. So this show is intended to one help
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you identify opportunities for selling your jewelry, two how to
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do it wisely and not get scammed and get the
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best value out of it. And three how to recognize
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red flags that there may be someone scamming you if
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you are trying to sell. So when you're going to
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get out of the show is hopefully better intelligence and
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confidence if you make the decision to sell your jewelry
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now or in the future. So I'm going to introduce
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her guest, and she's going to tell us a little
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bit more about her and her company. So Nadya Ready,
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welcome to Fearless Fabulous.
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You Hi, thank you for having us. Thank you.
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So, first tell us a little bit about you.
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You what is your background and how did you get
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into this end of the business, because most of my
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guests don't start out in this, They go into it
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because they see a need or had an experience.
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So a little bit about me. I'm I'm na here.
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I have been a career product manager, have been. I
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started my career in the banking I was at Deutsche
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Bank for about six years and then worked worked in
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great growth companies like dot Dash, learned how to build
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a business ground up like what it needs to scale
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and now i'm we are building Unwald And to your
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point on how we got here, we got here by
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observing the problem right when when we think about jewelry,
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what we see customers facing is just information asymmetry. Uh.
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They don't understand what the jewelry is worth. And there's
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a very ekey way of knowing what the jewelry is worth.
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Today that means you either have to go to a
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pawn shop or you have to work with cash for
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gold kind of establishments. And nobody enjoys that experience, and
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hence it has become such a such a big threshold
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for people to cross to understand what jewelry that they
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have and what is the worth of the jewelry. We
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wanted to solve this problem by providing radical transparency through
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our platform. And when you think about on Wall dot Co,
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the way I want to think I want the users
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to think about it is it's like Robinhood for jewelry.
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If you have a stock, you track it right, you
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add a portfolio, you track it every day. Gold has
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outperformed SMP in the last twenty years. We want customers
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to actually understand value of their jewelry in a similar way.
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So with advancement of technology, with advancement of AI vision,
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we are able to provide you that service. So what
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unvoult is is with few click, few pictures and some information,
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we are able to give you an estimate of what
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that jewelry is worth, right from the comfort of your
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own home, and you get to track it, you get
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to add to the portfolio, you track it. Gold moves
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every day. Value of your jewelry moves every day, and
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if you decide to sell it, we are able to
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help you sell it. And the ethos behind the company
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is how do we provide radical transparency in a space
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that is so opique to users, you only nobody shares
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the right information that I kind of break down of
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why your jewelry is worth what, and that is what
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we want to.
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Bring to the users.
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Well, as I said, a lot of people inherit jewelry
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and they're selling under duress because they're usually liquidating an
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a state, which is very stressful. I did that with
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my mother's I also liquidated my own home and I
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sold everything in most of my possessions. A lot of
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people are doing it because I have a financial need,
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They're desperate. I want to just say I did go
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to unvault dot Co. I did a sample with a
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piece of set of jewelry and I think the estimate
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came back about eleven and seventy one dollars for a
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set of amethyst earrings with a pearl and a necklace. Now,
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I am the person that does believe and I have
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done shows on this of the importance.
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Of having your fine jewel appraise.
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It can get pricey, but if you're planning to wear
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it and go out or you want to ensure it,
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you must have current appraisals. So I have not had
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time to compare the estimate that Unvoult gave me to
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my appraisal, which is going to be obviously high because
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it's from replacement value. But it is something that I
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found very easy to do. At the end of this show,
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there's a little video which will show a little bit more.
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But really this is about understanding how to do it
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and how to avoid any red flax. You mentioned cash
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for gold, you mentioned pawn chops. For me, those are
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the bottom feeders of the industry. There are resellers. There
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are people selling jewelry. I'm going to go over all
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the ways people are selling jewelry now and then I
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want you to say.
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Which ones are probably not the best, so you take
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your okay.
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There's people selling on eBay and real Real and those
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kinds of sites.
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There are people selling on Facebook Marketplace.
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There are people who go to a jewel and say, here,
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what are you going to give for that?
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There's the places in New York like Sir God and
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others where they go what are the red flat without.
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Saying anyone's yeah, what are what are the pros and
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cons of some of those?
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Yeah? See. The the way to think about it is
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a As you mentioned, there are lots of platforms that
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help you sell your jewelry. And the way I would
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think about it is in two dimensions, right, the value,
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the value that you get from this platform and how
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long do you have to wait before you get the
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value for the money, Because those are two dimensions that
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are very important when you're trying to u get cash
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or get some liquidity on the jewelry that you have.
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The reselling platforms that we have where you have to
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list and list in uh, consign your jewelry. The reason, uh,
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the reason is that you might get higher value of
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your jewelry from such platforms, but you have to wait
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for a long time. You have to wait for a
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right user to come in to like your jewelry. And
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sometimes people list their jewelry for six months without seeing
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a active sale happen on.
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You two years or two years.
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And then there are other outfits where you actually get
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the value quicker, but they are they are also capitalizing
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on the need of you needing immediate cash. And this
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is where we if you know what it is is worth,
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you have all the information the other party has about
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the jewelry, and that is very important. Walking into these
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outfits without knowing the information is handicapping yourself, right, Like
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you want to be in a position to question that.
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I think it's like how much gold is in it? Right? Like,
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you should always ask that question when you're trying to sell,
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because that's where the majority of the value is, and
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gold is as liquid as an asset can be, So
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you should know what the today's price is and compute
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and empower yourself before you make that decision.
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We also, I think let's start with the psychology of selling,
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because people can I you need to understand why are
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you selling the jewelry today? Why are you selling it today?
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And this is kind of like what I'm doing? Or
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is there a need are you financially in a situation
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where you must sell this, Maybe you need to settle
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a state, maybe you're in debt, whatever that reason, you
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need to understand that. But you also have to understand
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that buyers sensed desperation, and if they sense desperation, that's
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where you run the risk of going somewhere where you'll
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get low balled and you won't do your homework, you
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won't get different estimates. So you need to even if
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you are I'm going to do three different type of sellers.
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Even if you're desperate, you must have the money do
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your homework. Two, maybe you just want you have too much.
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Maybe you're tired of insuring all that jewelry, because I
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can tell you I spent the money. I actually did
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a great deal with the guys. But on my show
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he did appraisals for me. I gave some border podcast
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it's great, love him to death. And and then I
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had to go to Jewelers Mutual where I do my insurance,
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because that's very reputable and I have no skin in
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the game. But I did the homework and that's expensive.
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It adds up. So then you decide, do I really
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want to pay all this insurance to ensure fine jewelry
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that I never wear.
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It just sitsn't evolved. It's a safety deposit box.
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Or should I cash in now and use that money
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to invest in something else. The third is, as I've said,
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somebody dies, you don't want the stuff that you're cure
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at the end of your life, you just say I'm done,
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But you have to under I first understand why are
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you selling the joy? And as you said, what is
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my time frame? So with unvol how does UNVOULT work?
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Like let's say I'm coming to unvolve, I put the
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photo in, I get the estimate. I got my estimate
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for eleven hundred and seventy one dollars yesterday.
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What's next.
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So with the unwold you can track the portfolio, track
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it in a portfolio. But if you that's just as
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you said, be prepared right, know the value. You don't
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wait for the time that you desperately need cash. Let's
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start today. Let's study the journey today of understanding the
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value that you're holding. And if you wish to sell
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some of the pieces, we help you kind of liquidate it.
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And what that means is as soon as the piece,
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we want you to pack them in a safe way
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and ship it to our location in New York. We
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are based in Dimond District, and everything we do after
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is done very transparently. Transparently. Every desk has four cameras,
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so you see what we see right from us unboxing
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the package. You can see how we are assessing the goal,
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how we test it. You can see everything there, the
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weight of it, the way we test gemstones. Everything is
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available for you and this is not when you ask.
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We just give it. Like with the offer you actually
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get the video and the description of the pieces in
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a form of a PDF, and we give you a
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final offer based on what the actual assessment is. And
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if you like the offer, we pay you next day
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or the same day or next day. And given we
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are in Diamond District, we either melted for some of
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the pieces, but some of the pieces we have partnerships
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through our distributors, different real estate sorry, different estet buyers
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and different resellers, and we try to get the best
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price for you. So if there is a price for
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a reselling market for your piece, we pass it back
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to the customer. And this doesn't take long. It happens
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way quickly. It happens within twenty four hours of we
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receiving the piece that we are able to figure out
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what's the best price, and we send that we give
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that offer back to the customer.
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So here are a couple of questions.
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And as I said, Noddy, I have sold a fabricat
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I've gone to Circle.
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You know, I still live in New York, and I've
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sold that auction. I've done all of it.
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So and I saw the Facebook marketplace anyway, and here's
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my jeweler.
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So here's the thing.
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If you give the customer an estimate, is there an
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opportunity that once you go to the reseller that estimate
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can go higher or lower once you have a buyer.
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And how you said, somebody gets seal little confused.
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You said you get paid like the next day or
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two if you're still talking to resellers. Yea, and tell
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me if why would I get paid in two days
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when that price may go up?
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So we do all that process before we give you
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our offer, so we are way quick with our turnarounds
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and talk our distribution channels to established. So we do
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all that talking for you and trying to understand the
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price of the piece before we give you a final offer,
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so you don't have to wait for days in order
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to understand what the what the price is.
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So it could take how long I turn around time.
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Is typically twenty four to forty eight hours for us
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to test.
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And that seems really a short amount of time. So
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I think something I saw the considerable value. It took
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about a week. I still wonder if we'll get into
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the selling fees in a minute, because you know, for
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anyone who hasn't sold jewelry and is thinking about it,
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you can get cash on the spot if you really
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need cash on the spot, or you let's say you have.
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Bits and pieces of jewelry and we're going to get
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into that.
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I'll go with a suitcase of stuff and they'll just
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sit there go through it, and sometimes I'm like, I
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I had no idea, right, and that's something. But we'll
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get into that. You don't know what you have until
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you go to someone wherever you live. If you really
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just want to get rid of what we call unsellable stuff,
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because you're not going to do the bits and piece
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of stuff, find someone that you know, ask around, get referrals,
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and find someone that everyone trusts and goes to and
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make that your go to person.
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I don't believe I'm not a pawnshop girl.
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I want to find somebody, really, because everybody says they're
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going to get you the best price. But at the
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end of the day, as you said, gold prices are on.
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You know they're exchange, You know what they are every day.
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Do your homework, right. But in your case, you talk
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to resellers and tell me for it, and then you
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come back and say, this is the best price I
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can get you, and it could be better than what
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you could do going to a we buy bold.
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Right, they're two things here, So what as you said,
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I think we are going to get into it. But
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there's the intrinsic value of what the jewelry is, right Like,
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there is a lot of pieces that are inherited. They
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have a lot of gold in it. So when you
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weigh the goal, and when you think about it as gold,
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you actually we weigh it and we give you the
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price as is, right like, we tell you this is
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how many grams this gold is and hence the price
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is this. And the other thing to think about is
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the platform fee, right like all every service provider that
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is going to give you a cash is going to
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charge different fees, and that's where we differ. Our platform
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fees are much lower than compared to all the other outfits,
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and especially if you go to a pawn shop or
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local jeweler, those values are really high. So when you're
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thinking about it, think about it as two different things.
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One is the intrinsic value. What is the actual value
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of the jewelry that that it is and and what
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can help you understand that very clearly? And the second
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is the second is when you're liquidating, know what you're
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paying for, right, know what you're getting back, and that's Uh,
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that's a very important thing to look at. Look look
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at because at the end of the day, that that
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is what you're getting back. It's the intrinsic it's the
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value of your jewelry minus the platform fee, and that's
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what you should look to maximize.
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I think that's important.
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It's also something else to consider, uh, And it was
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interesting to me. There's gold, there's goal filled, there's goal plated,
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there's go fill a grade.
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So let's talk about that. Because gold has.
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Different forms, there's also twenty four carrot and carrot fourteen carrots?
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What's bringing the highest what should you know about that
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in terms of value? And what brings the highest value?
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But don't forget about this because it may have some
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little bit of gold in it.
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Yeah, see, the as you rightly said, the gold jewelry
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isn't made in different forms, right, Like the one that
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has most precious metals is gold felled and as okay,
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so gold felled pure gold, like that's essentially pure goal Yeah,
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the right not sorry, goldfield is the wrong word. Solid gold,
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solid solid gold.
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Jewelry, and I think it's twenty four carrot correct.
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And as the carrot goes like twenty four carrot is
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one hundred percent goal like and as the gold carrot decreases,
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the percentage of gold in that metal composite red uses.
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So that's one thing to think about. And that's where
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the majority of the value of the jewel realize. So
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a solid gold jewelry is will have higher value. Higher
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percentages of gold will have higher value, and you should
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definitely pay more attention to that. And what were the
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00:22:18.039 --> 00:22:24.640
other ones are gold filled and vermin they have way
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the way to think about it is they have like
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a few microns coating of gold on the base metal
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and the base metal can be silver or brass. These
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pieces have what we call less of the intrinsic value
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because they are not made of precious metals. Uh may
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not have valuable gemstones in them. But yeah, and and
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platforms that are peer to peer sales are better with
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these pieces. But if you go to a jewel or
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you try to value those pieces well, the value which
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where we are trying to understand the intrinsic value of
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the jewelry and help you understand the intrinsic value of
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the jewelry. Solid gold pieces are better.
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00:23:15.839 --> 00:23:18.279
So that's where you want to talk to someone. I mean,
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for me, I talk to my praiser, but it was
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a significant advestment.
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But if not, you know, this is where Unvolved can help.
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And I am not paid by Unvolved, so I'm talking
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just as a consumer. But I think this is interesting
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because I I just know so many people that are
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00:23:36.799 --> 00:23:40.279
dealing with this. Now I have so gold filled is,
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00:23:40.519 --> 00:23:44.680
as I understand, has more value than gold plate or
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goal fill.
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00:23:45.200 --> 00:23:46.759
Great, but what's important.
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00:23:46.759 --> 00:23:49.200
A couple of things from my experience is every little
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00:23:49.240 --> 00:23:51.319
bit piece matters, Like if your goal.
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00:23:51.319 --> 00:23:54.119
Chain brings or something, get it done. The other thing is,
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00:23:54.160 --> 00:23:55.880
if you're going to talk to something you're buying just
395
00:23:55.880 --> 00:23:56.599
for the goal.
396
00:23:56.680 --> 00:23:59.240
That beautiful piece that you think is stunning and has
397
00:23:59.279 --> 00:24:02.119
lots of little jamisodes of it, get the gemstones take
398
00:24:02.160 --> 00:24:04.400
it out because you don't want to if they're just
399
00:24:04.440 --> 00:24:06.359
going to sell the gold, buy the goal to sell
400
00:24:06.440 --> 00:24:09.000
the goal. You want the gemstones back at least, don't
401
00:24:09.000 --> 00:24:12.799
you agree? Don't throw the baby out with the bath border.
402
00:24:13.720 --> 00:24:18.440
So when we asss gemstones, we assess gemstones by themsels,
403
00:24:18.559 --> 00:24:21.119
right like we the gold and the piece, and we
404
00:24:21.240 --> 00:24:24.240
value the gemstones and we give you an offer combined
405
00:24:24.279 --> 00:24:33.680
offer and yeah, gemstones, gemstones have very different value value,
406
00:24:33.839 --> 00:24:37.599
so we we try and understand what the piece is like,
407
00:24:37.680 --> 00:24:41.640
how is it constructed, and then determine the value of
408
00:24:41.680 --> 00:24:43.880
the gem you the offer.
409
00:24:44.599 --> 00:24:47.000
So I have a question, So I had ammethysts value
410
00:24:47.039 --> 00:24:52.480
amethy are there? You know we all know diamonds, particularly
411
00:24:52.680 --> 00:24:56.799
you know the highest at natural are a great intrinsic value.
412
00:24:56.799 --> 00:25:01.319
But are there other pieces? Are talk about stones? Since
413
00:25:01.319 --> 00:25:04.240
you're part of that, Yeah, all the side can come from.
414
00:25:04.319 --> 00:25:08.680
Are there stones that may have more intrinsic value than
415
00:25:08.720 --> 00:25:11.960
others based on what you're seeing in the resale market?
416
00:25:12.480 --> 00:25:13.960
And let's question one.
417
00:25:14.039 --> 00:25:19.319
In question two, can someone who just has loose stones,
418
00:25:19.720 --> 00:25:23.200
sizeable loose stones go to involved and is that also
419
00:25:23.279 --> 00:25:25.799
something you will assist with them in terms of selling?
420
00:25:26.359 --> 00:25:37.240
Yeah, so stones like ruby, sapphire, emeralds and tourmaline now
421
00:25:37.319 --> 00:25:41.480
to y, yeah, pery, But tormaline is like a very
422
00:25:41.559 --> 00:25:45.400
rare stone has a lot of value. So these are
423
00:25:46.480 --> 00:25:51.359
these are some of like the the semi precious stones
424
00:25:51.440 --> 00:25:58.000
that are very valuable could be valuable and you should
425
00:25:58.000 --> 00:26:02.200
pay close attention to the Are you given to that stone.
426
00:26:02.680 --> 00:26:06.960
Of course, diamonds and diamonds value uh. People tend to
427
00:26:07.000 --> 00:26:12.799
overestimate the value in diamonds a because re dealers charge
428
00:26:12.799 --> 00:26:16.359
of premium when you're buying a diamond. You're already paying
429
00:26:16.440 --> 00:26:21.039
a six x premium fivex premium when you're buying a diamond.
430
00:26:21.799 --> 00:26:25.920
And with the introduction of lab diamonds into the distribution,
431
00:26:26.119 --> 00:26:30.359
the value value of the natural diamond has fallen significantly.
432
00:26:30.960 --> 00:26:33.480
So it has fallen significantly.
433
00:26:33.559 --> 00:26:36.359
Why with let okay, let me make understand that with
434
00:26:36.519 --> 00:26:41.079
weab grown diamonds have made the value of a natural
435
00:26:41.119 --> 00:26:41.839
diamond lost.
436
00:26:41.839 --> 00:26:47.640
Why because of the demand, Like people want to go
437
00:26:47.839 --> 00:26:54.359
for a more economical, uh suitable option uh for the diamonds,
438
00:26:54.440 --> 00:26:54.880
which is.
439
00:26:54.920 --> 00:26:56.359
Our lab grown diamonds.
440
00:26:57.519 --> 00:27:00.640
I have this debate with my hospital our lab grown diamonds,
441
00:27:00.880 --> 00:27:02.359
real diamonds.
442
00:27:03.200 --> 00:27:07.599
Composition wise, they're exactly the same. It is where you
443
00:27:07.640 --> 00:27:12.079
get them from. Is it a mind diamond versus a
444
00:27:12.200 --> 00:27:13.519
lab created diamond?
445
00:27:13.880 --> 00:27:16.720
Well, if it's his lab row, it's labbed its Yeah,
446
00:27:16.839 --> 00:27:18.759
that labor mind.
447
00:27:19.200 --> 00:27:22.400
Now that's the whole difference. So the natural the natural
448
00:27:22.440 --> 00:27:27.599
stone is a mind stone, right and the lab lab
449
00:27:27.599 --> 00:27:29.799
grown diamond is a lab created stone.
450
00:27:29.839 --> 00:27:34.279
So if you're going to Costco with self diamonds, yeah,
451
00:27:34.480 --> 00:27:36.799
Costco is very nice. Little sexual a diamond that's a
452
00:27:36.880 --> 00:27:40.680
labro dimonds. Yeah, so lack of diamonds are what you
453
00:27:40.759 --> 00:27:44.559
tend to see all over the marketplace right now. Facebook,
454
00:27:44.359 --> 00:27:47.640
you also have to be trouble because sometimes it's moisten that.
455
00:27:48.440 --> 00:27:49.119
Yes, you.
456
00:27:50.799 --> 00:27:53.000
Have to you know, if you're going to buy something
457
00:27:53.160 --> 00:27:59.559
on the internet, Yeah, a certificate of authenticity, authentication with it, appraisal,
458
00:27:59.640 --> 00:28:02.359
it's on that or don't buy it. You run the
459
00:28:02.400 --> 00:28:05.440
risk of it now being real. So lab grown diamonds
460
00:28:05.480 --> 00:28:08.160
they are a good investment or are they not?
461
00:28:11.759 --> 00:28:16.440
Lab grown diamonds have limited resale value as you can
462
00:28:16.480 --> 00:28:19.920
see on like Facebook, marketplaces or any other platform. They
463
00:28:19.960 --> 00:28:27.720
have limited resale value. But but uh, it also costs
464
00:28:27.839 --> 00:28:29.119
much less to buy.
465
00:28:28.880 --> 00:28:31.400
A lab crown diamond a lot less.
466
00:28:31.559 --> 00:28:38.359
Yeah, so it is definitely a thing to consider, right Like,
467
00:28:38.599 --> 00:28:42.559
it is a lot cheaper than a natural diamond. Natural
468
00:28:42.559 --> 00:28:50.160
diamond prices are falling and yet so lab grown diamond
469
00:28:51.160 --> 00:28:56.920
is we see a lot of like demand for engagement
470
00:28:57.000 --> 00:29:00.119
ranks now moving to lab grown diamonds. Right, so it
471
00:29:00.799 --> 00:29:06.440
is economically wow, writes Tries for a lot of people.
472
00:29:07.880 --> 00:29:08.799
So that's interesting.
473
00:29:08.880 --> 00:29:12.000
And I'm still digesting the pink turtling because I have
474
00:29:12.400 --> 00:29:16.920
pink turtling ring. I think that certain colored gemsuns go
475
00:29:17.039 --> 00:29:18.519
in and out of fashion.
476
00:29:19.039 --> 00:29:20.319
Yes, over the time.
477
00:29:21.319 --> 00:29:24.440
How we haven't talked about silver. I want to just
478
00:29:24.480 --> 00:29:26.599
talk about silver. How does it work with silver? You
479
00:29:26.720 --> 00:29:30.839
also work with silver? I'm silver doing right now, and
480
00:29:31.079 --> 00:29:36.519
obviously sterling is the Sterling is the gold standard. What
481
00:29:36.559 --> 00:29:38.640
should you think about when selling your silver? And we
482
00:29:38.759 --> 00:29:42.160
talked before we went on the show that you you
483
00:29:42.359 --> 00:29:49.279
focus on Volved focuses on jewelry and not sterling silver flatware, but.
484
00:29:50.200 --> 00:29:52.559
We can help you assess with flatware as well. So
485
00:29:53.559 --> 00:29:57.519
the process, the process with Unwald is very similar is
486
00:29:57.759 --> 00:30:00.920
like you click few photos, give us, give us some
487
00:30:01.000 --> 00:30:06.599
information on what it is made of. And what we
488
00:30:06.640 --> 00:30:09.519
do is like we take the photos, we break that
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00:30:09.720 --> 00:30:13.960
down and try and understand volumetrically how much precious metal
490
00:30:14.119 --> 00:30:16.839
is in there, and based on that we give you
491
00:30:16.880 --> 00:30:19.799
an estimate. So if you have silverware, if you have
492
00:30:19.880 --> 00:30:23.640
plates of goal, you can upload it on a Wald
493
00:30:23.720 --> 00:30:26.559
and try and see what the estimate is. What you
494
00:30:26.599 --> 00:30:28.720
can do is put it on a kitchen scale to
495
00:30:28.839 --> 00:30:33.000
actually know and upload that picture so you, uh, your
496
00:30:33.119 --> 00:30:38.519
estimates become even more accurate because essentially it is the
497
00:30:38.519 --> 00:30:41.440
precious metal that is giving the value for the jewelry
498
00:30:42.039 --> 00:30:42.759
or silverware.
499
00:30:43.160 --> 00:30:45.240
A lot of people are inheriting Stirling silver and they
500
00:30:45.279 --> 00:30:45.799
don't want it.
501
00:30:46.359 --> 00:30:50.359
Yeah, I just want to just quickly say when my mother,
502
00:30:50.559 --> 00:30:53.640
my mother's house was filled with silver things, and we
503
00:30:53.680 --> 00:30:56.160
thought she was loaded with silver, and we're all excited
504
00:30:57.880 --> 00:31:04.880
living existence. Most of the silver play and that's worth zilchow. Okay,
505
00:31:04.880 --> 00:31:05.359
it's pretty.
506
00:31:05.559 --> 00:31:07.920
Is that worth? Maybe use it to put like our
507
00:31:09.079 --> 00:31:12.000
toothbrush in. But sterling is valuable.
508
00:31:12.039 --> 00:31:13.960
Then you have to decide if you just want to
509
00:31:14.039 --> 00:31:17.480
sell the beautiful Sterling silver set, the Tiffany sterling or whatever,
510
00:31:17.640 --> 00:31:21.400
or take it to auction. Now you know, and I know,
511
00:31:21.559 --> 00:31:23.680
but let's just I have had things sold at auction
512
00:31:23.839 --> 00:31:25.000
that the auction house is list.
513
00:31:25.039 --> 00:31:26.519
I've seen Tiffany's.
514
00:31:26.559 --> 00:31:30.000
I have Tiffany silver. It has a Y in it,
515
00:31:30.079 --> 00:31:31.920
so it makes it less valuable because it.
516
00:31:31.839 --> 00:31:32.839
Was engraved with a hy.
517
00:31:33.079 --> 00:31:36.319
But I've seen Tiffany's silverware at auction for tens of
518
00:31:36.359 --> 00:31:41.559
thousands of dollars. Okay, However, what you see the auction valve.
519
00:31:41.720 --> 00:31:43.759
This is really important. I know you're not auction house,
520
00:31:43.799 --> 00:31:46.759
but I just say it's important when you because versus
521
00:31:46.759 --> 00:31:49.200
like an on bum. If you want to take something
522
00:31:49.279 --> 00:31:54.119
to auction, you need to be prepared to understand that
523
00:31:54.160 --> 00:31:56.920
the estimate price may not be a sell price. You
524
00:31:57.039 --> 00:31:59.200
need to make sure you have a reserve. You must
525
00:31:59.440 --> 00:32:02.440
have a reserve because they're going to start that bit
526
00:32:02.519 --> 00:32:04.599
a lot lower and if you have a reserve, you
527
00:32:04.640 --> 00:32:07.799
may be disappointed. Two, you need to decide if the
528
00:32:07.920 --> 00:32:10.319
value of what they can potentially sell or is worth
529
00:32:10.440 --> 00:32:12.880
just going and getting it, taking it somewhere else like
530
00:32:12.920 --> 00:32:15.119
the Unwold or somewhere just selling it for the silver.
531
00:32:15.880 --> 00:32:16.799
And Three, it may not.
532
00:32:16.880 --> 00:32:21.839
Sell, and if it does, there is a a cellar
533
00:32:21.920 --> 00:32:24.240
fee and a buyer fee. So we're gonna talk of
534
00:32:24.759 --> 00:32:30.279
a cellar fee, which you should negotiate when you can sign,
535
00:32:30.400 --> 00:32:35.160
because this negotiable usually particularly have multiple pieces, could be
536
00:32:35.240 --> 00:32:37.880
anywhere from ten to twenty percent.
537
00:32:38.519 --> 00:32:42.119
Tell me if I'm wrong, but this is more or
538
00:32:42.200 --> 00:32:44.720
less depending on the house. Right.
539
00:32:45.200 --> 00:32:47.960
Yes, you should go and appreciate that.
540
00:32:48.559 --> 00:32:51.119
Yeah, so that is and a lot of this other
541
00:32:51.160 --> 00:32:54.440
stuff is not. You can negotiate anywhere. So that's if
542
00:32:54.440 --> 00:32:56.200
you decide to go to auction if you have something
543
00:32:56.200 --> 00:32:59.279
that's really really really valuable and you really really really
544
00:32:59.359 --> 00:33:00.880
really want to sell as that.
545
00:33:01.039 --> 00:33:05.279
I sold a silver candelabra that's quite beautiful. I found
546
00:33:05.319 --> 00:33:06.279
it behind the curtain.
547
00:33:06.920 --> 00:33:11.519
Oh, when you're cleaning out your parents' house. Everywhere could
548
00:33:11.519 --> 00:33:14.119
be something. I found a valuable ringing in the bottom
549
00:33:14.160 --> 00:33:16.359
of a handbag. I thought it was costume jewelry. It
550
00:33:16.400 --> 00:33:20.440
was real. I also found one in a tailen obox here.
551
00:33:21.680 --> 00:33:23.920
Those were auction, that's how valuable they were.
552
00:33:24.440 --> 00:33:24.640
I did.
553
00:33:24.720 --> 00:33:28.759
Okay, So with Unvault, which again we've said, is an
554
00:33:28.839 --> 00:33:32.039
easier way if you don't want to go through the
555
00:33:32.079 --> 00:33:34.599
part stop of an auction, because I've also put things
556
00:33:34.640 --> 00:33:38.559
for auction that were rejected, which is part So if
557
00:33:38.599 --> 00:33:40.799
you don't want to go through that, you don't want
558
00:33:40.839 --> 00:33:42.240
to feel like you're going in, you don't want to
559
00:33:42.240 --> 00:33:45.160
go what I call the skiving route to somebody just says.
560
00:33:44.960 --> 00:33:47.119
I'll buy your gold with silver, right, just here's what
561
00:33:47.160 --> 00:33:47.559
you get.
562
00:33:48.519 --> 00:33:51.319
How does unvault work in terms of its feat because,
563
00:33:51.359 --> 00:33:53.519
as you said, there's a fee for everything.
564
00:33:54.599 --> 00:34:00.240
Yes, so we have a ten platform fee for that
565
00:34:00.319 --> 00:34:00.640
we do.
566
00:34:00.920 --> 00:34:04.160
And this as a selling fee or it is a
567
00:34:04.200 --> 00:34:06.200
posting fee or a selling figure both.
568
00:34:06.839 --> 00:34:12.960
It's all included just one fee. So the this and
569
00:34:13.719 --> 00:34:16.079
the fee is to help us kind of cover for
570
00:34:16.119 --> 00:34:20.440
the shipping cost, authentication costs, like we are selling start. Yeah,
571
00:34:21.039 --> 00:34:28.239
so and this is very low compared to other platforms
572
00:34:28.239 --> 00:34:31.719
that you see, like the fees can range from forty
573
00:34:31.760 --> 00:34:32.639
to sixty percent.
574
00:34:32.760 --> 00:34:35.599
If you're like, can you say, like who are out
575
00:34:35.719 --> 00:34:37.000
I mean, like, where's forty.
576
00:34:36.920 --> 00:34:39.400
If you go to a if you go to pawn
577
00:34:39.480 --> 00:34:43.280
shop or other cash for goal outfits, that actually goes
578
00:34:43.360 --> 00:34:45.639
up to forty to sixty percent, So.
579
00:34:45.679 --> 00:34:48.559
I think policize it's your last resort, right.
580
00:34:48.880 --> 00:34:55.480
Yes, yes, so you should definitely know the value before
581
00:34:55.519 --> 00:34:58.679
you go so that you understand what is the fee
582
00:34:58.760 --> 00:35:02.480
that they are charging you on top of that, and
583
00:35:02.559 --> 00:35:06.599
that's how you'll know how much is how much is
584
00:35:07.440 --> 00:35:10.760
what you get paid and how much is the fee
585
00:35:10.800 --> 00:35:11.840
that they're charging.
586
00:35:11.719 --> 00:35:16.559
And what were the face a game of themvolved? Okay,
587
00:35:17.000 --> 00:35:18.400
So if somebody just wants to.
588
00:35:18.320 --> 00:35:21.639
Know the value, like I did a test yesterday, yeah,
589
00:35:22.400 --> 00:35:23.199
is there a charge?
590
00:35:23.239 --> 00:35:24.639
But what if somebody has twenty pieces?
591
00:35:24.920 --> 00:35:26.760
Can they just keep unlearning and men involved and there's
592
00:35:26.760 --> 00:35:31.079
no charge for that because Workpoint charges you subscribe.
593
00:35:32.800 --> 00:35:37.920
Evaluations are completely free, so you you can create an
594
00:35:37.920 --> 00:35:42.360
account and unvolved for free and you can safely upload
595
00:35:42.840 --> 00:35:47.639
your jewelry, create your own jewelry portfolio and unvolved and
596
00:35:48.119 --> 00:35:53.039
all evaluations are free. And that's how you kind of
597
00:35:53.119 --> 00:35:56.559
know what your jewelry is worth and what your jewelry
598
00:35:56.599 --> 00:35:59.239
box is worth. Right Like, you want to have a
599
00:35:59.320 --> 00:36:04.119
complete pick of what you what is in it, and
600
00:36:04.320 --> 00:36:08.159
then you can have a very informed decision of the
601
00:36:08.199 --> 00:36:10.800
pieces that you want to part with because you're not
602
00:36:11.039 --> 00:36:15.599
wearing them, or even manage your collection better. So that's
603
00:36:15.719 --> 00:36:19.599
essentially the goal and we want to Yeah, we do
604
00:36:19.639 --> 00:36:22.639
it all for free, so you just upload and know
605
00:36:22.760 --> 00:36:23.360
your value.
606
00:36:23.880 --> 00:36:26.039
So what are the services is involved provide?
607
00:36:27.480 --> 00:36:31.639
So right now we are very focused on solving the
608
00:36:31.679 --> 00:36:36.800
problem at hand, which is provide radical transparency to customers
609
00:36:36.880 --> 00:36:42.119
when when it comes to jewelry and also help them
610
00:36:42.239 --> 00:36:46.679
liquidate and get cash the best out of the jewelry
611
00:36:47.519 --> 00:36:48.239
when they want to.
612
00:36:49.440 --> 00:36:51.079
I think the thing is for knowing when you want
613
00:36:51.119 --> 00:36:53.400
to sell. I mean, I'm sitting on a lot of jewelry.
614
00:36:53.400 --> 00:36:55.119
I'm not wearing and I'm not ready. You know, I
615
00:36:55.119 --> 00:36:56.920
don't need the money yet. I won't need the money
616
00:36:56.960 --> 00:36:58.480
able to do it. But you gotta don't do it
617
00:36:58.519 --> 00:37:00.719
when you really need the money. Do you want to
618
00:37:00.760 --> 00:37:03.519
like have it? Maybe just start wanting to take that
619
00:37:03.599 --> 00:37:07.880
money and invest in. Try not to sell when you're desperate. Yeah,
620
00:37:07.920 --> 00:37:10.519
how is artificial intelligence? I hate asking this question, but
621
00:37:10.599 --> 00:37:14.480
you get asking everybody because how was artificial intelligence changing
622
00:37:14.519 --> 00:37:15.320
this industry?
623
00:37:16.880 --> 00:37:20.760
Well, it's giving with us. It's giving like the transparency
624
00:37:20.800 --> 00:37:24.199
we didn't have before, right like with AI kind of
625
00:37:24.280 --> 00:37:28.639
vision models and like helping people break down the pieces.
626
00:37:28.719 --> 00:37:33.360
Like computer is able to tell us like, hey, this
627
00:37:33.480 --> 00:37:37.079
is what your jewelry is worth, right like, this is
628
00:37:37.159 --> 00:37:39.440
how much goal it could be. And this is how
629
00:37:40.039 --> 00:37:45.480
it's It's pretty good most of the times, right Like,
630
00:37:45.639 --> 00:37:50.960
it does a great job. And this is this is
631
00:37:51.039 --> 00:37:57.199
what what Appraises asked you a large amount of money
632
00:37:57.239 --> 00:38:00.400
to pay for is to just know the value right like,
633
00:38:00.960 --> 00:38:05.119
and now is helping reduce that cost for the user
634
00:38:05.440 --> 00:38:09.119
that you can get an estimate without actually taking the
635
00:38:09.199 --> 00:38:12.119
stuff out of your house. A lot of people, including me,
636
00:38:12.599 --> 00:38:14.719
I'm scared to take all of my jewelry and go
637
00:38:14.840 --> 00:38:18.119
somewhere right like it. You don't want to be traveling
638
00:38:18.159 --> 00:38:21.800
with all of that. You don't And that is what
639
00:38:23.079 --> 00:38:26.559
the convenience, what technology is able to provide you today
640
00:38:26.760 --> 00:38:29.880
is like at your home. You click a few pictures
641
00:38:29.960 --> 00:38:33.000
and get a few details and get an estimate.
642
00:38:33.760 --> 00:38:37.840
So a couple of things. Great point. I use you
643
00:38:37.880 --> 00:38:39.920
know that at the cheapy end.
644
00:38:40.360 --> 00:38:42.800
Uh, this is what I learned doing in the state
645
00:38:42.960 --> 00:38:48.360
sale and reselling Google lens. I will Google lens just
646
00:38:48.400 --> 00:38:50.519
to get the base, to find out what it is,
647
00:38:50.519 --> 00:38:55.199
and I do costume jewelry to so I your fine jey,
648
00:38:55.239 --> 00:38:57.639
but just for anything Google lents. I taught it to
649
00:38:57.719 --> 00:39:00.320
my nephew, my cousin's and my husband's nephew.
650
00:39:00.360 --> 00:39:03.280
The other day. He went, you can.
651
00:39:03.199 --> 00:39:05.559
Get, but don't rely on that. Then you know, there's
652
00:39:05.599 --> 00:39:09.039
places like Invaluable and Worth Point. You can subscribe and
653
00:39:09.079 --> 00:39:11.880
they can tell you how much something so for.
654
00:39:12.079 --> 00:39:13.280
Because the thing is.
655
00:39:15.000 --> 00:39:18.320
There's the value and that is what it is so for,
656
00:39:18.519 --> 00:39:21.039
and that's really important. If you decide to sell on
657
00:39:21.159 --> 00:39:25.480
somewhere like eBay, you got to see what it's selling for.
658
00:39:26.000 --> 00:39:28.440
And that still doesn't tell the story. Because it could
659
00:39:28.440 --> 00:39:31.239
sell for a lot less than the value just because.
660
00:39:31.400 --> 00:39:39.000
Right, yeah, yes, when so historical soil crisis are a
661
00:39:39.119 --> 00:39:43.800
very good reference of what the value is. One thing
662
00:39:43.840 --> 00:39:48.119
to think about is it gets especially tricky with pieces
663
00:39:48.199 --> 00:39:51.960
that are not designer pieces, right, Like if you have
664
00:39:52.159 --> 00:39:59.079
inherited like a gold bracelet from your grandma, you won't
665
00:39:59.400 --> 00:40:02.239
like Google. What Google lens helps you is like if
666
00:40:02.360 --> 00:40:06.559
there are pieces that are in large distribution, designer pieces,
667
00:40:06.639 --> 00:40:09.400
common designs, then you get like a good estimate. But
668
00:40:09.480 --> 00:40:13.000
if there's a piece that is uniquely you or uniquely
669
00:40:13.039 --> 00:40:15.840
your grandmother's, it is way hard to get like an
670
00:40:16.000 --> 00:40:18.960
estimate or know what the value is. So you have
671
00:40:19.000 --> 00:40:23.440
to use different tools for different things. And as you say,
672
00:40:24.079 --> 00:40:28.079
users should should try different tools, have their own mental
673
00:40:28.239 --> 00:40:32.400
framework of what the pieces are worth. And that's the
674
00:40:32.599 --> 00:40:35.599
kind of journey that we are trying to help customers
675
00:40:35.639 --> 00:40:39.360
live it. So we connect to a lot of different databases,
676
00:40:39.440 --> 00:40:42.679
we connect real time prices of gold and gemstones, and
677
00:40:42.719 --> 00:40:46.679
we want to get all that information to customers in
678
00:40:46.840 --> 00:40:50.800
one place rather than than them having to do multiple
679
00:40:50.920 --> 00:40:55.119
different kind of venues or tools, or even take something
680
00:40:55.199 --> 00:40:58.559
physically outside your home to try and estimate it, so wander.
681
00:40:58.599 --> 00:41:00.840
I'd use all that burden for the consumer.
682
00:41:01.440 --> 00:41:03.119
Well, if you can find it. If my phraser does
683
00:41:03.159 --> 00:41:05.960
house calls. He lives in Connecticut.
684
00:41:05.760 --> 00:41:08.760
He he schedules and I love him and would be
685
00:41:08.840 --> 00:41:10.880
jeweler at the end because he's great, because I have
686
00:41:10.920 --> 00:41:11.559
a lot of jewelry.
687
00:41:11.599 --> 00:41:12.360
But here's interesting.
688
00:41:12.360 --> 00:41:14.360
I think it's great that jundre gemstones, but I'm sitting
689
00:41:14.400 --> 00:41:16.239
on a lot of gemstones. Icheveryone what to do with
690
00:41:16.360 --> 00:41:20.719
you don't know where to sell gemstones. I think it's important.
691
00:41:20.800 --> 00:41:23.000
There are so many tools out there to sell your
692
00:41:23.199 --> 00:41:26.320
fine jewelry, and we're talking about fine just on a side.
693
00:41:26.360 --> 00:41:29.079
There's also even though you don't do a costume, jewelry
694
00:41:29.159 --> 00:41:32.079
can have some great intrinsic value.
695
00:41:32.079 --> 00:41:35.199
There's a big resell market, so do your homework there
696
00:41:35.320 --> 00:41:37.079
as well. It's amazing.
697
00:41:39.000 --> 00:41:41.239
Silver breaks my heart when I hear somebody in here
698
00:41:41.280 --> 00:41:42.880
it it's silver and they just wouldn't had it all
699
00:41:42.920 --> 00:41:44.920
melted down because they didn't care.
700
00:41:45.039 --> 00:41:47.400
Maybe they did their homework. Don't rush it. Silver can
701
00:41:47.840 --> 00:41:49.880
sterling can bring in some good money.
702
00:41:50.320 --> 00:41:53.199
I think everybody needs to understand, and I hope you
703
00:41:53.239 --> 00:41:57.559
agree now to you, there's intrinsic value, and there's sentimental value, yes,
704
00:41:58.480 --> 00:41:58.840
and you.
705
00:41:58.880 --> 00:42:01.800
Need to decide I have a lot of jewelry.
706
00:42:01.880 --> 00:42:04.480
I haven't sold it. I've sold some jewelry. I have
707
00:42:04.519 --> 00:42:07.159
a lot left. I don't necessarily wear it, but it
708
00:42:07.199 --> 00:42:12.360
has sentimental value and intrinsic value. When the day comes
709
00:42:13.039 --> 00:42:16.440
for me or anyone out there listing or watching, there
710
00:42:16.480 --> 00:42:19.519
will be a day where you will have to make
711
00:42:19.559 --> 00:42:25.239
that decision. Why do I have all this jewelry? What
712
00:42:25.360 --> 00:42:28.039
am I doing with it? Can I use the money
713
00:42:29.079 --> 00:42:33.199
for other purposes? Invest, put away from my children, my grandchildren,
714
00:42:33.800 --> 00:42:37.800
pay off a bill, whatever you need. It's a highly
715
00:42:37.960 --> 00:42:42.119
personal decision, but it's important to work with people you
716
00:42:42.360 --> 00:42:46.039
trust to help you liquid at your jewelry because the
717
00:42:46.119 --> 00:42:48.039
scammers are out there and there are just a lot
718
00:42:48.079 --> 00:42:50.639
of low ballers, and just don't do it from a
719
00:42:50.679 --> 00:42:54.159
point of desperation. Do it from a point of having
720
00:42:54.199 --> 00:42:55.760
an advantage.
721
00:42:56.039 --> 00:43:02.239
Right, absolutely absolutely power yourself with as much data as
722
00:43:02.280 --> 00:43:04.960
you can and as much information as you can about
723
00:43:05.000 --> 00:43:07.960
your jewelry, and that that is power.
724
00:43:08.320 --> 00:43:12.320
That is where do you see this business going? I mean,
725
00:43:12.400 --> 00:43:14.360
how all this unvolved and where do you see this
726
00:43:14.480 --> 00:43:15.760
business industry going?
727
00:43:16.559 --> 00:43:21.840
I'm all started last year and yeah, and we have
728
00:43:23.079 --> 00:43:26.960
we have about fifteen thousand pieces that have been appraised
729
00:43:27.039 --> 00:43:31.199
from our on our platform, about seventy million dollars worth
730
00:43:31.199 --> 00:43:36.079
of pieces that have been a praise. So it's growing
731
00:43:36.920 --> 00:43:42.480
and it's uh and I think what is what is
732
00:43:42.679 --> 00:43:46.400
the thing too? Like what gives me and need the
733
00:43:46.639 --> 00:43:50.480
joy every day is that we are solving a real
734
00:43:50.519 --> 00:43:54.679
problem for the customer. Customers are sitting with thousands of dollars,
735
00:43:54.760 --> 00:43:58.119
thousands of dollars sitting idle as you said, their pieces
736
00:43:58.199 --> 00:44:01.280
that you don't want to wear right like, or the
737
00:44:01.440 --> 00:44:05.440
pieces that are you grew out of it right there,
738
00:44:05.440 --> 00:44:08.000
designs that you grew out of it. They are pieces
739
00:44:08.039 --> 00:44:13.400
that you have inherited. Men have inherited jewelry from their
740
00:44:13.440 --> 00:44:16.480
families that they don't know what to do, They have
741
00:44:16.599 --> 00:44:21.440
no use for it. And we want users to know
742
00:44:21.880 --> 00:44:24.920
and like we want to solve that problem. Is like
743
00:44:25.000 --> 00:44:29.920
there's real asset, there's real dollars that are actually tugged away.
744
00:44:30.480 --> 00:44:35.039
We want we want everybody to treat jewelry and gold
745
00:44:35.119 --> 00:44:38.480
that they have similar to what they would do for stocks.
746
00:44:38.960 --> 00:44:42.199
You have a robin Hood portfolio, you track it every day.
747
00:44:42.239 --> 00:44:45.840
You get alert, you should do the same with the
748
00:44:45.920 --> 00:44:50.480
thousands of dollars that you have in the So that's
749
00:44:50.519 --> 00:44:53.280
the problem that we are very excited to solve for
750
00:44:53.360 --> 00:44:58.559
our customers. And we hear stories from our customers and
751
00:44:58.760 --> 00:45:01.920
how they have we how Unwild has helped them through
752
00:45:02.519 --> 00:45:06.960
different phases in their life, different life events that they
753
00:45:07.000 --> 00:45:10.880
needed help with, and that is what brings us joy
754
00:45:11.039 --> 00:45:16.840
that we actually are able to help customers and we
755
00:45:18.079 --> 00:45:21.800
are making a difference in someone's life, and that's very
756
00:45:21.840 --> 00:45:22.960
exciting for us.
757
00:45:23.320 --> 00:45:24.519
I think it's really exciting.
758
00:45:24.599 --> 00:45:28.159
I mean, as someone who has sold a lot of jewelry,
759
00:45:28.360 --> 00:45:30.119
has a lot of jey, I'm blessed.
760
00:45:30.599 --> 00:45:34.039
I know that day is coming for me just out there.
761
00:45:34.039 --> 00:45:37.199
But I'm going to just make this huge plea that
762
00:45:37.320 --> 00:45:41.440
if you do have fine jewelry, please make a list
763
00:45:41.480 --> 00:45:44.599
of it, know where it all is, have a way
764
00:45:44.679 --> 00:45:46.639
to take it out if you are going to have
765
00:45:46.679 --> 00:45:48.039
to evacuate your home.
766
00:45:48.079 --> 00:45:50.440
I live in Louisiana. We think about this all the time.
767
00:45:50.960 --> 00:45:53.480
Know where everything is, have a detailed list, if you
768
00:45:53.559 --> 00:45:57.119
have apprisal to have them online, if you can afford.
769
00:45:57.239 --> 00:45:59.000
Even if you can afford, try to get.
770
00:45:58.840 --> 00:46:01.239
The most valuable pieces, so the ones you wear outside
771
00:46:01.280 --> 00:46:04.039
the house to travel with every day, get them appraised
772
00:46:04.159 --> 00:46:08.400
and get them insured. You're going to make choices because
773
00:46:08.440 --> 00:46:10.320
I can't even dan to how much my appraisal if
774
00:46:10.320 --> 00:46:12.719
I got everything in short, so I have everything locked away.
775
00:46:12.840 --> 00:46:15.920
But do that at least because if your house burns
776
00:46:16.000 --> 00:46:20.480
down or you have to evacuate, you will be heartbroken.
777
00:46:20.719 --> 00:46:24.400
But when you're ready to sell, and that day will come, first,
778
00:46:24.440 --> 00:46:26.599
have a talk with your kids, your grandkids. See what
779
00:46:26.679 --> 00:46:28.960
they want anything. Don't go selling it till you talk
780
00:46:29.039 --> 00:46:33.480
to them. But if you don't make that decision and
781
00:46:33.519 --> 00:46:35.920
don't regret it, but do try to find and work
782
00:46:35.960 --> 00:46:39.199
with companies like Unfolded, the company trusted.
783
00:46:40.480 --> 00:46:43.559
For services, so that you don't get scammed. Because it
784
00:46:43.599 --> 00:46:44.480
breaks my heart.
785
00:46:44.519 --> 00:46:47.119
And like I said from the beginning, people work from
786
00:46:47.119 --> 00:46:50.000
a point of desperation and frustration and they don't know
787
00:46:50.000 --> 00:46:56.719
what they're doing, and an informed seller and buyer is
788
00:46:56.719 --> 00:46:57.880
going to get the best price.
789
00:47:00.360 --> 00:47:04.239
I really enjoyed talking to today. I I really do.
790
00:47:04.320 --> 00:47:05.880
I hope the company does well.
791
00:47:06.000 --> 00:47:08.840
It's a you know, it's a crazy market, a crazy industry,
792
00:47:08.920 --> 00:47:10.599
but a very exciting one.
793
00:47:11.039 --> 00:47:13.719
So Nibby, I want to thank you again for joining me,
794
00:47:13.800 --> 00:47:14.800
and it's unvulked on co.
795
00:47:14.960 --> 00:47:16.840
We're going to show a quick video at the end
796
00:47:16.920 --> 00:47:19.360
just to kind of give you a visual. But I
797
00:47:19.400 --> 00:47:22.800
want to thank you and also just remember you know,
798
00:47:22.880 --> 00:47:24.079
I do this show out of love.
799
00:47:24.199 --> 00:47:25.639
I do this show I don't have.
800
00:47:25.760 --> 00:47:27.679
I don't have any skin in the game with your company,
801
00:47:28.079 --> 00:47:32.559
but I do this because I'm if I if you don't.
802
00:47:32.440 --> 00:47:36.760
Want you to get scammed. I've been scammed. I've had
803
00:47:36.800 --> 00:47:37.320
to sell.
804
00:47:37.159 --> 00:47:40.000
My jewelry out of need, out of want and a desire.
805
00:47:40.559 --> 00:47:43.440
I also have a lot that I keep it. It's
806
00:47:43.480 --> 00:47:48.199
so important to be informed and educated before you do
807
00:47:48.360 --> 00:47:50.760
anything in life that involves.
808
00:47:50.239 --> 00:47:58.400
A major decision and to help yeah and get get
809
00:47:58.440 --> 00:47:59.920
people you trust to help you.
810
00:48:00.840 --> 00:48:03.320
I hope that's helpful for everybody out there in any
811
00:48:03.559 --> 00:48:08.039
aspect of your life, just jewelry, but your health, insurance,
812
00:48:08.280 --> 00:48:10.800
you name it. Because it breaks my heart when I
813
00:48:10.840 --> 00:48:14.719
find that somebody made a bad decision and got I
814
00:48:14.719 --> 00:48:18.119
don't want that to have. So I'm Melanie and this fearless,
815
00:48:18.119 --> 00:48:21.280
fabulous shoot. Thank you again for joining me. One my engineer,
816
00:48:21.320 --> 00:48:24.719
let's just put up that little you know visual. We
817
00:48:24.840 --> 00:48:27.880
have it and we can show that at the and
818
00:48:28.119 --> 00:48:29.679
so you can get to get an idea of how
819
00:48:29.679 --> 00:48:30.559
it works.
820
00:48:35.079 --> 00:48:40.679
Well love the tattoobs. So right here you're showing this
821
00:48:40.719 --> 00:48:41.679
is obviously video.
822
00:48:41.679 --> 00:48:45.079
We have an audio show, but they're evaluating the pieces
823
00:48:45.280 --> 00:48:47.159
in some fancy machine.
824
00:48:47.800 --> 00:48:53.239
Right. Yes, this is an authentication process with all the
825
00:48:53.360 --> 00:48:57.239
machines all yeah, all the wing scales, all the machines
826
00:48:57.280 --> 00:48:59.920
that were using for testing to give you the accuratest.
827
00:49:00.719 --> 00:49:04.320
And you really want that. I mean, it's so it's
828
00:49:04.320 --> 00:49:04.880
so important.
829
00:49:04.920 --> 00:49:06.679
Meanwhile, I have a suitcase of I have a little
830
00:49:06.719 --> 00:49:10.280
rolling suitcase for my goat bag to evacuate. But I'm
831
00:49:10.280 --> 00:49:13.880
going to I have the bits and pieces. I'm just
832
00:49:13.880 --> 00:49:15.760
gonna add one last sea. If you go to a
833
00:49:15.840 --> 00:49:21.719
jeweler and you need something sized or adjusted, like I
834
00:49:21.760 --> 00:49:25.639
had a diamond necklace made into a bracelet, make sure
835
00:49:25.639 --> 00:49:28.360
you get the pieces that are left back.
836
00:49:28.880 --> 00:49:31.480
Oh yeah, absolutely, because.
837
00:49:31.480 --> 00:49:34.280
And make sure that if you're having a ring.
838
00:49:36.000 --> 00:49:40.079
Stone trend, just make sure it's the stone that you
839
00:49:40.159 --> 00:49:42.599
get back as a stone you delivered, because there are
840
00:49:42.719 --> 00:49:45.400
some scummy people out there who'll shame stones.
841
00:49:46.719 --> 00:49:48.559
So do your homework.
842
00:49:48.719 --> 00:49:50.920
Don't just leave it watch unless you know that people
843
00:49:50.920 --> 00:49:54.360
don't leave you jewry, be there and watch everything and
844
00:49:54.480 --> 00:49:57.559
always ask for the bits. And I had I had
845
00:49:57.559 --> 00:50:01.719
a Mickey Moto jewelry of uh bracelet. She said, should
846
00:50:01.760 --> 00:50:05.679
I change the I needed its size and I said,
847
00:50:05.719 --> 00:50:08.760
I want the pearls back that you're taking off. She said, well,
848
00:50:08.800 --> 00:50:11.079
do you mind? What if we just got you another class.
849
00:50:11.159 --> 00:50:15.840
I'm like, no, that's a fourteen character making much part
850
00:50:15.840 --> 00:50:24.000
of the piece camp in everything intact. Yeah, and it
851
00:50:24.039 --> 00:50:26.800
started swing value. So I got it back with my
852
00:50:26.880 --> 00:50:28.320
cold class and my pearls.
853
00:50:28.320 --> 00:50:30.880
But somebody could have you know.
854
00:50:33.400 --> 00:50:35.920
Anyways, get your gold back, always.
855
00:50:35.599 --> 00:50:40.719
Get your cold as over enginet I have.
856
00:50:41.360 --> 00:50:43.800
I have a bag of those every bits of pieces
857
00:50:43.800 --> 00:50:46.440
of stone. Eventually I'm gonna have a sense up to
858
00:50:46.480 --> 00:50:46.920
you guys and.
859
00:50:46.960 --> 00:50:51.039
See and then you'll know the value of what it
860
00:50:51.079 --> 00:50:53.679
is and we can we can measure it int you.
861
00:50:53.960 --> 00:50:57.519
Yeah, absolutely, So thank you again for joining me. And
862
00:50:57.599 --> 00:51:01.440
as always, you have many choices in life. Always choose
863
00:51:01.480 --> 00:51:05.079
fearless and fabulous, and don't let anyone put pressure on
864
00:51:05.159 --> 00:51:07.199
you to do something that makes you uncomfortable.
865
00:51:07.360 --> 00:51:09.760
It makes you blow your worth or your value of
866
00:51:09.800 --> 00:51:10.440
what you own.
867
00:51:11.039 --> 00:51:14.559
Make confident choices before you afford and always choose to
868
00:51:14.559 --> 00:51:17.840
live life on your terms, with fearless, fabulous attention.
869
00:51:18.159 --> 00:51:23.039
Thank you,
1
00:00:00.160 --> 00:00:02.399
The topics and opinions expressed on the following show are
2
00:00:02.439 --> 00:00:04.320
solely those of the hosts and their guests, and not
3
00:00:04.360 --> 00:00:07.280
those of W four WN Radio It's employees or affiliates.
4
00:00:07.400 --> 00:00:10.960
We make no recommendations or endorsements for radio show programs, services,
5
00:00:11.039 --> 00:00:14.080
or products mentioned on air or on our web. No liability,
6
00:00:14.199 --> 00:00:17.079
explicit or implied shall be extended to W four WN
7
00:00:17.160 --> 00:00:20.239
Radio It's employees or affiliates. Any questions or comment should
8
00:00:20.239 --> 00:00:21.440
be directed to those show hosts.
9
00:00:21.640 --> 00:00:39.280
Thank you for choosing W four WN Radio.
10
00:00:42.000 --> 00:00:45.719
Hello, and welcome to Fearless Fabulous You. I am your host, Melaniem,
11
00:00:46.079 --> 00:00:50.000
and I love helping women like you make competent decisions
12
00:00:50.039 --> 00:00:53.119
about their lives to live it on their terms and
13
00:00:53.359 --> 00:00:55.960
hopefully not get scam, which is what we're going to
14
00:00:55.960 --> 00:00:58.960
talk about today. I can't stand sammers.
15
00:00:59.520 --> 00:01:02.759
What about it. I don't like being scammed. I've been scammed.
16
00:01:02.840 --> 00:01:03.280
I don't like.
17
00:01:03.280 --> 00:01:06.239
People who's scam and it just seems like right now
18
00:01:06.400 --> 00:01:09.040
the world of business is just filled with scammers, and
19
00:01:09.079 --> 00:01:13.480
they target people, particularly women of a certain age, They
20
00:01:13.519 --> 00:01:15.560
target the elderly, they target I think.
21
00:01:15.439 --> 00:01:16.200
Women are the men.
22
00:01:16.599 --> 00:01:18.400
I don't know about that, and all the stats, but
23
00:01:18.480 --> 00:01:21.120
I just feel it, and we're going to talk about
24
00:01:21.159 --> 00:01:22.439
that today, but we're can talk about it in a
25
00:01:22.519 --> 00:01:25.319
very productive way because what we're going to talk about
26
00:01:25.359 --> 00:01:27.760
actually is another big problem that many of us have,
27
00:01:28.159 --> 00:01:31.480
many of us me, I've been there, and many of
28
00:01:31.480 --> 00:01:35.319
my friends are having to clean out their elderly parents'
29
00:01:35.359 --> 00:01:39.040
house after they have sadly either downsize and moved into
30
00:01:39.079 --> 00:01:42.159
assisted living or maybe they've deceased. But I think I
31
00:01:42.200 --> 00:01:45.599
have a conversation every week with someone who says, oh
32
00:01:45.640 --> 00:01:48.480
my god, I have to deal with my mother's or
33
00:01:48.519 --> 00:01:51.439
father's home and all the stuff in it. I had
34
00:01:51.480 --> 00:01:56.640
this conversation yesterday with a friend who's executor of an estate,
35
00:01:57.400 --> 00:02:01.640
and the big question is, oh, all this jewelry, I
36
00:02:01.640 --> 00:02:02.359
don't know what to do.
37
00:02:03.239 --> 00:02:05.239
And then there's the third thing. Right now, a lot
38
00:02:05.280 --> 00:02:08.159
of us may be trying to make ends meet. Maybe
39
00:02:08.199 --> 00:02:10.280
we are trying to downsize ourselves.
40
00:02:10.400 --> 00:02:13.560
Maybe we want to take advantage of the amazing escalating
41
00:02:13.639 --> 00:02:19.759
prices of gold right now and cash. In The thing is,
42
00:02:20.159 --> 00:02:22.080
many of us don't know how to go about doing it,
43
00:02:22.240 --> 00:02:25.919
and we are potentially victims of getting scammed. And as
44
00:02:25.960 --> 00:02:29.639
I said, scammers are among us We're going to talk
45
00:02:29.680 --> 00:02:33.319
today with an expert in a kind of a new
46
00:02:33.520 --> 00:02:40.639
Ish company called Unvoult. She is Nadia Ready, is the
47
00:02:40.719 --> 00:02:44.759
co founder of unvolt and we're going to talk to
48
00:02:44.800 --> 00:02:48.759
her about how to get the best.
49
00:02:49.240 --> 00:02:51.360
Value out of selling your jewelry.
50
00:02:51.800 --> 00:02:55.319
Like I have sold some of my mother's jewelry, I've
51
00:02:55.400 --> 00:02:56.800
sold joy over the years.
52
00:02:56.919 --> 00:02:58.080
I probably didn't.
53
00:02:59.159 --> 00:03:02.520
Sometimes I think I'm made the best decision. Sometimes maybe
54
00:03:02.520 --> 00:03:04.520
I didn't. I think a lot of it is that
55
00:03:04.599 --> 00:03:09.719
many of us are selling under dress and we move
56
00:03:09.840 --> 00:03:15.639
too quickly. So this show is intended to one help
57
00:03:15.719 --> 00:03:21.639
you identify opportunities for selling your jewelry, two how to
58
00:03:21.719 --> 00:03:25.919
do it wisely and not get scammed and get the
59
00:03:25.960 --> 00:03:28.759
best value out of it. And three how to recognize
60
00:03:28.759 --> 00:03:31.319
red flags that there may be someone scamming you if
61
00:03:31.360 --> 00:03:34.759
you are trying to sell. So when you're going to
62
00:03:34.800 --> 00:03:37.840
get out of the show is hopefully better intelligence and
63
00:03:37.919 --> 00:03:40.599
confidence if you make the decision to sell your jewelry
64
00:03:40.879 --> 00:03:45.039
now or in the future. So I'm going to introduce
65
00:03:45.080 --> 00:03:47.680
her guest, and she's going to tell us a little
66
00:03:47.680 --> 00:03:52.560
bit more about her and her company. So Nadya Ready,
67
00:03:52.639 --> 00:03:54.520
welcome to Fearless Fabulous.
68
00:03:54.080 --> 00:03:57.280
You Hi, thank you for having us. Thank you.
69
00:03:58.000 --> 00:04:00.120
So, first tell us a little bit about you.
70
00:04:00.120 --> 00:04:03.000
You what is your background and how did you get
71
00:04:03.000 --> 00:04:05.520
into this end of the business, because most of my
72
00:04:05.560 --> 00:04:08.680
guests don't start out in this, They go into it
73
00:04:08.719 --> 00:04:11.080
because they see a need or had an experience.
74
00:04:12.599 --> 00:04:15.240
So a little bit about me. I'm I'm na here.
75
00:04:15.800 --> 00:04:21.839
I have been a career product manager, have been. I
76
00:04:21.879 --> 00:04:25.240
started my career in the banking I was at Deutsche
77
00:04:25.279 --> 00:04:30.360
Bank for about six years and then worked worked in
78
00:04:31.759 --> 00:04:34.800
great growth companies like dot Dash, learned how to build
79
00:04:34.800 --> 00:04:37.639
a business ground up like what it needs to scale
80
00:04:38.439 --> 00:04:45.800
and now i'm we are building Unwald And to your
81
00:04:45.839 --> 00:04:49.920
point on how we got here, we got here by
82
00:04:50.000 --> 00:04:55.120
observing the problem right when when we think about jewelry,
83
00:04:55.279 --> 00:05:02.480
what we see customers facing is just information asymmetry. Uh.
84
00:05:02.600 --> 00:05:08.240
They don't understand what the jewelry is worth. And there's
85
00:05:08.319 --> 00:05:11.720
a very ekey way of knowing what the jewelry is worth.
86
00:05:11.720 --> 00:05:14.240
Today that means you either have to go to a
87
00:05:14.399 --> 00:05:17.439
pawn shop or you have to work with cash for
88
00:05:17.560 --> 00:05:22.639
gold kind of establishments. And nobody enjoys that experience, and
89
00:05:23.040 --> 00:05:28.519
hence it has become such a such a big threshold
90
00:05:28.560 --> 00:05:32.439
for people to cross to understand what jewelry that they
91
00:05:32.519 --> 00:05:35.279
have and what is the worth of the jewelry. We
92
00:05:36.199 --> 00:05:42.720
wanted to solve this problem by providing radical transparency through
93
00:05:42.759 --> 00:05:46.560
our platform. And when you think about on Wall dot Co,
94
00:05:47.240 --> 00:05:49.560
the way I want to think I want the users
95
00:05:49.600 --> 00:05:53.279
to think about it is it's like Robinhood for jewelry.
96
00:05:53.800 --> 00:05:56.920
If you have a stock, you track it right, you
97
00:05:56.959 --> 00:06:01.720
add a portfolio, you track it every day. Gold has
98
00:06:01.759 --> 00:06:07.279
outperformed SMP in the last twenty years. We want customers
99
00:06:07.319 --> 00:06:10.839
to actually understand value of their jewelry in a similar way.
100
00:06:11.399 --> 00:06:15.680
So with advancement of technology, with advancement of AI vision,
101
00:06:15.839 --> 00:06:19.439
we are able to provide you that service. So what
102
00:06:19.680 --> 00:06:24.959
unvoult is is with few click, few pictures and some information,
103
00:06:25.519 --> 00:06:28.199
we are able to give you an estimate of what
104
00:06:28.240 --> 00:06:32.120
that jewelry is worth, right from the comfort of your
105
00:06:32.160 --> 00:06:37.040
own home, and you get to track it, you get
106
00:06:37.040 --> 00:06:39.800
to add to the portfolio, you track it. Gold moves
107
00:06:39.839 --> 00:06:44.079
every day. Value of your jewelry moves every day, and
108
00:06:44.800 --> 00:06:48.079
if you decide to sell it, we are able to
109
00:06:48.120 --> 00:06:53.519
help you sell it. And the ethos behind the company
110
00:06:53.639 --> 00:06:58.839
is how do we provide radical transparency in a space
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that is so opique to users, you only nobody shares
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the right information that I kind of break down of
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why your jewelry is worth what, and that is what
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we want to.
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Bring to the users.
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Well, as I said, a lot of people inherit jewelry
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and they're selling under duress because they're usually liquidating an
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a state, which is very stressful. I did that with
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my mother's I also liquidated my own home and I
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sold everything in most of my possessions. A lot of
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people are doing it because I have a financial need,
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They're desperate. I want to just say I did go
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to unvault dot Co. I did a sample with a
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piece of set of jewelry and I think the estimate
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came back about eleven and seventy one dollars for a
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set of amethyst earrings with a pearl and a necklace. Now,
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I am the person that does believe and I have
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done shows on this of the importance.
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Of having your fine jewel appraise.
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It can get pricey, but if you're planning to wear
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it and go out or you want to ensure it,
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you must have current appraisals. So I have not had
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time to compare the estimate that Unvoult gave me to
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my appraisal, which is going to be obviously high because
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it's from replacement value. But it is something that I
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found very easy to do. At the end of this show,
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there's a little video which will show a little bit more.
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But really this is about understanding how to do it
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and how to avoid any red flax. You mentioned cash
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for gold, you mentioned pawn chops. For me, those are
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the bottom feeders of the industry. There are resellers. There
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are people selling jewelry. I'm going to go over all
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the ways people are selling jewelry now and then I
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want you to say.
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Which ones are probably not the best, so you take
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your okay.
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There's people selling on eBay and real Real and those
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kinds of sites.
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There are people selling on Facebook Marketplace.
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There are people who go to a jewel and say, here,
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what are you going to give for that?
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There's the places in New York like Sir God and
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others where they go what are the red flat without.
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Saying anyone's yeah, what are what are the pros and
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cons of some of those?
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Yeah? See. The the way to think about it is
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a As you mentioned, there are lots of platforms that
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help you sell your jewelry. And the way I would
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think about it is in two dimensions, right, the value,
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the value that you get from this platform and how
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long do you have to wait before you get the
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value for the money, Because those are two dimensions that
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are very important when you're trying to u get cash
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or get some liquidity on the jewelry that you have.
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The reselling platforms that we have where you have to
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list and list in uh, consign your jewelry. The reason, uh,
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the reason is that you might get higher value of
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your jewelry from such platforms, but you have to wait
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for a long time. You have to wait for a
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right user to come in to like your jewelry. And
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sometimes people list their jewelry for six months without seeing
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a active sale happen on.
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You two years or two years.
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And then there are other outfits where you actually get
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the value quicker, but they are they are also capitalizing
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on the need of you needing immediate cash. And this
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is where we if you know what it is is worth,
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you have all the information the other party has about
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the jewelry, and that is very important. Walking into these
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outfits without knowing the information is handicapping yourself, right, Like
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you want to be in a position to question that.
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I think it's like how much gold is in it? Right? Like,
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you should always ask that question when you're trying to sell,
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because that's where the majority of the value is, and
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gold is as liquid as an asset can be, So
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you should know what the today's price is and compute
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and empower yourself before you make that decision.
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We also, I think let's start with the psychology of selling,
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because people can I you need to understand why are
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you selling the jewelry today? Why are you selling it today?
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And this is kind of like what I'm doing? Or
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is there a need are you financially in a situation
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where you must sell this, Maybe you need to settle
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a state, maybe you're in debt, whatever that reason, you
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need to understand that. But you also have to understand
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that buyers sensed desperation, and if they sense desperation, that's
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where you run the risk of going somewhere where you'll
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get low balled and you won't do your homework, you
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won't get different estimates. So you need to even if
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you are I'm going to do three different type of sellers.
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Even if you're desperate, you must have the money do
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your homework. Two, maybe you just want you have too much.
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Maybe you're tired of insuring all that jewelry, because I
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can tell you I spent the money. I actually did
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a great deal with the guys. But on my show
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he did appraisals for me. I gave some border podcast
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it's great, love him to death. And and then I
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had to go to Jewelers Mutual where I do my insurance,
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because that's very reputable and I have no skin in
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the game. But I did the homework and that's expensive.
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It adds up. So then you decide, do I really
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want to pay all this insurance to ensure fine jewelry
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that I never wear.
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It just sitsn't evolved. It's a safety deposit box.
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Or should I cash in now and use that money
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to invest in something else. The third is, as I've said,
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somebody dies, you don't want the stuff that you're cure
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at the end of your life, you just say I'm done,
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But you have to under I first understand why are
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you selling the joy? And as you said, what is
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my time frame? So with unvol how does UNVOULT work?
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Like let's say I'm coming to unvolve, I put the
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photo in, I get the estimate. I got my estimate
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for eleven hundred and seventy one dollars yesterday.
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What's next.
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So with the unwold you can track the portfolio, track
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it in a portfolio. But if you that's just as
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you said, be prepared right, know the value. You don't
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wait for the time that you desperately need cash. Let's
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start today. Let's study the journey today of understanding the
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value that you're holding. And if you wish to sell
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some of the pieces, we help you kind of liquidate it.
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And what that means is as soon as the piece,
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we want you to pack them in a safe way
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and ship it to our location in New York. We
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are based in Dimond District, and everything we do after
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is done very transparently. Transparently. Every desk has four cameras,
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so you see what we see right from us unboxing
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the package. You can see how we are assessing the goal,
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how we test it. You can see everything there, the
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weight of it, the way we test gemstones. Everything is
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available for you and this is not when you ask.
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We just give it. Like with the offer you actually
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get the video and the description of the pieces in
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a form of a PDF, and we give you a
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final offer based on what the actual assessment is. And
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if you like the offer, we pay you next day
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or the same day or next day. And given we
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are in Diamond District, we either melted for some of
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the pieces, but some of the pieces we have partnerships
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through our distributors, different real estate sorry, different estet buyers
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and different resellers, and we try to get the best
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price for you. So if there is a price for
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a reselling market for your piece, we pass it back
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to the customer. And this doesn't take long. It happens
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way quickly. It happens within twenty four hours of we
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receiving the piece that we are able to figure out
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what's the best price, and we send that we give
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that offer back to the customer.
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So here are a couple of questions.
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And as I said, Noddy, I have sold a fabricat
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I've gone to Circle.
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You know, I still live in New York, and I've
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sold that auction. I've done all of it.
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So and I saw the Facebook marketplace anyway, and here's
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my jeweler.
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So here's the thing.
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If you give the customer an estimate, is there an
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opportunity that once you go to the reseller that estimate
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can go higher or lower once you have a buyer.
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And how you said, somebody gets seal little confused.
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You said you get paid like the next day or
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two if you're still talking to resellers. Yea, and tell
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me if why would I get paid in two days
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when that price may go up?
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So we do all that process before we give you
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our offer, so we are way quick with our turnarounds
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and talk our distribution channels to established. So we do
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all that talking for you and trying to understand the
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price of the piece before we give you a final offer,
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so you don't have to wait for days in order
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to understand what the what the price is.
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So it could take how long I turn around time.
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Is typically twenty four to forty eight hours for us
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to test.
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And that seems really a short amount of time. So
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I think something I saw the considerable value. It took
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about a week. I still wonder if we'll get into
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the selling fees in a minute, because you know, for
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anyone who hasn't sold jewelry and is thinking about it,
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you can get cash on the spot if you really
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need cash on the spot, or you let's say you have.
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Bits and pieces of jewelry and we're going to get
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into that.
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I'll go with a suitcase of stuff and they'll just
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sit there go through it, and sometimes I'm like, I
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I had no idea, right, and that's something. But we'll
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get into that. You don't know what you have until
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you go to someone wherever you live. If you really
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just want to get rid of what we call unsellable stuff,
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because you're not going to do the bits and piece
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of stuff, find someone that you know, ask around, get referrals,
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and find someone that everyone trusts and goes to and
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make that your go to person.
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I don't believe I'm not a pawnshop girl.
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I want to find somebody, really, because everybody says they're
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going to get you the best price. But at the
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end of the day, as you said, gold prices are on.
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You know they're exchange, You know what they are every day.
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Do your homework, right. But in your case, you talk
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to resellers and tell me for it, and then you
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come back and say, this is the best price I
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can get you, and it could be better than what
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you could do going to a we buy bold.
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Right, they're two things here, So what as you said,
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I think we are going to get into it. But
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there's the intrinsic value of what the jewelry is, right Like,
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there is a lot of pieces that are inherited. They
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have a lot of gold in it. So when you
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weigh the goal, and when you think about it as gold,
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you actually we weigh it and we give you the
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price as is, right like, we tell you this is
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how many grams this gold is and hence the price
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is this. And the other thing to think about is
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the platform fee, right like all every service provider that
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is going to give you a cash is going to
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charge different fees, and that's where we differ. Our platform
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fees are much lower than compared to all the other outfits,
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and especially if you go to a pawn shop or
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local jeweler, those values are really high. So when you're
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thinking about it, think about it as two different things.
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One is the intrinsic value. What is the actual value
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of the jewelry that that it is and and what
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can help you understand that very clearly? And the second
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is the second is when you're liquidating, know what you're
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paying for, right, know what you're getting back, and that's Uh,
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that's a very important thing to look at. Look look
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at because at the end of the day, that that
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is what you're getting back. It's the intrinsic it's the
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value of your jewelry minus the platform fee, and that's
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what you should look to maximize.
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I think that's important.
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It's also something else to consider, uh, And it was
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interesting to me. There's gold, there's goal filled, there's goal plated,
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there's go fill a grade.
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So let's talk about that. Because gold has.
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Different forms, there's also twenty four carrot and carrot fourteen carrots?
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What's bringing the highest what should you know about that
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in terms of value? And what brings the highest value?
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But don't forget about this because it may have some
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little bit of gold in it.
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Yeah, see, the as you rightly said, the gold jewelry
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isn't made in different forms, right, Like the one that
354
00:21:16.119 --> 00:21:22.039
has most precious metals is gold felled and as okay,
355
00:21:22.759 --> 00:21:27.519
so gold felled pure gold, like that's essentially pure goal Yeah,
356
00:21:28.200 --> 00:21:33.000
the right not sorry, goldfield is the wrong word. Solid gold,
357
00:21:33.440 --> 00:21:34.880
solid solid gold.
358
00:21:34.759 --> 00:21:37.039
Jewelry, and I think it's twenty four carrot correct.
359
00:21:37.599 --> 00:21:40.559
And as the carrot goes like twenty four carrot is
360
00:21:40.599 --> 00:21:46.519
one hundred percent goal like and as the gold carrot decreases,
361
00:21:46.559 --> 00:21:51.880
the percentage of gold in that metal composite red uses.
362
00:21:52.599 --> 00:21:57.519
So that's one thing to think about. And that's where
363
00:21:57.559 --> 00:22:01.039
the majority of the value of the jewel realize. So
364
00:22:01.279 --> 00:22:06.400
a solid gold jewelry is will have higher value. Higher
365
00:22:06.400 --> 00:22:11.440
percentages of gold will have higher value, and you should
366
00:22:11.480 --> 00:22:17.799
definitely pay more attention to that. And what were the
367
00:22:18.039 --> 00:22:24.640
other ones are gold filled and vermin they have way
368
00:22:24.680 --> 00:22:26.880
the way to think about it is they have like
369
00:22:27.279 --> 00:22:31.400
a few microns coating of gold on the base metal
370
00:22:31.440 --> 00:22:35.160
and the base metal can be silver or brass. These
371
00:22:35.240 --> 00:22:41.920
pieces have what we call less of the intrinsic value
372
00:22:42.160 --> 00:22:46.839
because they are not made of precious metals. Uh may
373
00:22:46.880 --> 00:22:52.559
not have valuable gemstones in them. But yeah, and and
374
00:22:52.759 --> 00:22:57.440
platforms that are peer to peer sales are better with
375
00:22:57.559 --> 00:23:00.359
these pieces. But if you go to a jewel or
376
00:23:00.440 --> 00:23:04.000
you try to value those pieces well, the value which
377
00:23:04.559 --> 00:23:07.559
where we are trying to understand the intrinsic value of
378
00:23:07.599 --> 00:23:10.359
the jewelry and help you understand the intrinsic value of
379
00:23:10.400 --> 00:23:13.960
the jewelry. Solid gold pieces are better.
380
00:23:15.839 --> 00:23:18.279
So that's where you want to talk to someone. I mean,
381
00:23:18.319 --> 00:23:21.920
for me, I talk to my praiser, but it was
382
00:23:21.920 --> 00:23:23.200
a significant advestment.
383
00:23:24.279 --> 00:23:27.599
But if not, you know, this is where Unvolved can help.
384
00:23:27.799 --> 00:23:30.240
And I am not paid by Unvolved, so I'm talking
385
00:23:30.400 --> 00:23:34.359
just as a consumer. But I think this is interesting
386
00:23:34.359 --> 00:23:36.759
because I I just know so many people that are
387
00:23:36.799 --> 00:23:40.279
dealing with this. Now I have so gold filled is,
388
00:23:40.519 --> 00:23:44.680
as I understand, has more value than gold plate or
389
00:23:44.720 --> 00:23:45.119
goal fill.
390
00:23:45.200 --> 00:23:46.759
Great, but what's important.
391
00:23:46.759 --> 00:23:49.200
A couple of things from my experience is every little
392
00:23:49.240 --> 00:23:51.319
bit piece matters, Like if your goal.
393
00:23:51.319 --> 00:23:54.119
Chain brings or something, get it done. The other thing is,
394
00:23:54.160 --> 00:23:55.880
if you're going to talk to something you're buying just
395
00:23:55.880 --> 00:23:56.599
for the goal.
396
00:23:56.680 --> 00:23:59.240
That beautiful piece that you think is stunning and has
397
00:23:59.279 --> 00:24:02.119
lots of little jamisodes of it, get the gemstones take
398
00:24:02.160 --> 00:24:04.400
it out because you don't want to if they're just
399
00:24:04.440 --> 00:24:06.359
going to sell the gold, buy the goal to sell
400
00:24:06.440 --> 00:24:09.000
the goal. You want the gemstones back at least, don't
401
00:24:09.000 --> 00:24:12.799
you agree? Don't throw the baby out with the bath border.
402
00:24:13.720 --> 00:24:18.440
So when we asss gemstones, we assess gemstones by themsels,
403
00:24:18.559 --> 00:24:21.119
right like we the gold and the piece, and we
404
00:24:21.240 --> 00:24:24.240
value the gemstones and we give you an offer combined
405
00:24:24.279 --> 00:24:33.680
offer and yeah, gemstones, gemstones have very different value value,
406
00:24:33.839 --> 00:24:37.599
so we we try and understand what the piece is like,
407
00:24:37.680 --> 00:24:41.640
how is it constructed, and then determine the value of
408
00:24:41.680 --> 00:24:43.880
the gem you the offer.
409
00:24:44.599 --> 00:24:47.000
So I have a question, So I had ammethysts value
410
00:24:47.039 --> 00:24:52.480
amethy are there? You know we all know diamonds, particularly
411
00:24:52.680 --> 00:24:56.799
you know the highest at natural are a great intrinsic value.
412
00:24:56.799 --> 00:25:01.319
But are there other pieces? Are talk about stones? Since
413
00:25:01.319 --> 00:25:04.240
you're part of that, Yeah, all the side can come from.
414
00:25:04.319 --> 00:25:08.680
Are there stones that may have more intrinsic value than
415
00:25:08.720 --> 00:25:11.960
others based on what you're seeing in the resale market?
416
00:25:12.480 --> 00:25:13.960
And let's question one.
417
00:25:14.039 --> 00:25:19.319
In question two, can someone who just has loose stones,
418
00:25:19.720 --> 00:25:23.200
sizeable loose stones go to involved and is that also
419
00:25:23.279 --> 00:25:25.799
something you will assist with them in terms of selling?
420
00:25:26.359 --> 00:25:37.240
Yeah, so stones like ruby, sapphire, emeralds and tourmaline now
421
00:25:37.319 --> 00:25:41.480
to y, yeah, pery, But tormaline is like a very
422
00:25:41.559 --> 00:25:45.400
rare stone has a lot of value. So these are
423
00:25:46.480 --> 00:25:51.359
these are some of like the the semi precious stones
424
00:25:51.440 --> 00:25:58.000
that are very valuable could be valuable and you should
425
00:25:58.000 --> 00:26:02.200
pay close attention to the Are you given to that stone.
426
00:26:02.680 --> 00:26:06.960
Of course, diamonds and diamonds value uh. People tend to
427
00:26:07.000 --> 00:26:12.799
overestimate the value in diamonds a because re dealers charge
428
00:26:12.799 --> 00:26:16.359
of premium when you're buying a diamond. You're already paying
429
00:26:16.440 --> 00:26:21.039
a six x premium fivex premium when you're buying a diamond.
430
00:26:21.799 --> 00:26:25.920
And with the introduction of lab diamonds into the distribution,
431
00:26:26.119 --> 00:26:30.359
the value value of the natural diamond has fallen significantly.
432
00:26:30.960 --> 00:26:33.480
So it has fallen significantly.
433
00:26:33.559 --> 00:26:36.359
Why with let okay, let me make understand that with
434
00:26:36.519 --> 00:26:41.079
weab grown diamonds have made the value of a natural
435
00:26:41.119 --> 00:26:41.839
diamond lost.
436
00:26:41.839 --> 00:26:47.640
Why because of the demand, Like people want to go
437
00:26:47.839 --> 00:26:54.359
for a more economical, uh suitable option uh for the diamonds,
438
00:26:54.440 --> 00:26:54.880
which is.
439
00:26:54.920 --> 00:26:56.359
Our lab grown diamonds.
440
00:26:57.519 --> 00:27:00.640
I have this debate with my hospital our lab grown diamonds,
441
00:27:00.880 --> 00:27:02.359
real diamonds.
442
00:27:03.200 --> 00:27:07.599
Composition wise, they're exactly the same. It is where you
443
00:27:07.640 --> 00:27:12.079
get them from. Is it a mind diamond versus a
444
00:27:12.200 --> 00:27:13.519
lab created diamond?
445
00:27:13.880 --> 00:27:16.720
Well, if it's his lab row, it's labbed its Yeah,
446
00:27:16.839 --> 00:27:18.759
that labor mind.
447
00:27:19.200 --> 00:27:22.400
Now that's the whole difference. So the natural the natural
448
00:27:22.440 --> 00:27:27.599
stone is a mind stone, right and the lab lab
449
00:27:27.599 --> 00:27:29.799
grown diamond is a lab created stone.
450
00:27:29.839 --> 00:27:34.279
So if you're going to Costco with self diamonds, yeah,
451
00:27:34.480 --> 00:27:36.799
Costco is very nice. Little sexual a diamond that's a
452
00:27:36.880 --> 00:27:40.680
labro dimonds. Yeah, so lack of diamonds are what you
453
00:27:40.759 --> 00:27:44.559
tend to see all over the marketplace right now. Facebook,
454
00:27:44.359 --> 00:27:47.640
you also have to be trouble because sometimes it's moisten that.
455
00:27:48.440 --> 00:27:49.119
Yes, you.
456
00:27:50.799 --> 00:27:53.000
Have to you know, if you're going to buy something
457
00:27:53.160 --> 00:27:59.559
on the internet, Yeah, a certificate of authenticity, authentication with it, appraisal,
458
00:27:59.640 --> 00:28:02.359
it's on that or don't buy it. You run the
459
00:28:02.400 --> 00:28:05.440
risk of it now being real. So lab grown diamonds
460
00:28:05.480 --> 00:28:08.160
they are a good investment or are they not?
461
00:28:11.759 --> 00:28:16.440
Lab grown diamonds have limited resale value as you can
462
00:28:16.480 --> 00:28:19.920
see on like Facebook, marketplaces or any other platform. They
463
00:28:19.960 --> 00:28:27.720
have limited resale value. But but uh, it also costs
464
00:28:27.839 --> 00:28:29.119
much less to buy.
465
00:28:28.880 --> 00:28:31.400
A lab crown diamond a lot less.
466
00:28:31.559 --> 00:28:38.359
Yeah, so it is definitely a thing to consider, right Like,
467
00:28:38.599 --> 00:28:42.559
it is a lot cheaper than a natural diamond. Natural
468
00:28:42.559 --> 00:28:50.160
diamond prices are falling and yet so lab grown diamond
469
00:28:51.160 --> 00:28:56.920
is we see a lot of like demand for engagement
470
00:28:57.000 --> 00:29:00.119
ranks now moving to lab grown diamonds. Right, so it
471
00:29:00.799 --> 00:29:06.440
is economically wow, writes Tries for a lot of people.
472
00:29:07.880 --> 00:29:08.799
So that's interesting.
473
00:29:08.880 --> 00:29:12.000
And I'm still digesting the pink turtling because I have
474
00:29:12.400 --> 00:29:16.920
pink turtling ring. I think that certain colored gemsuns go
475
00:29:17.039 --> 00:29:18.519
in and out of fashion.
476
00:29:19.039 --> 00:29:20.319
Yes, over the time.
477
00:29:21.319 --> 00:29:24.440
How we haven't talked about silver. I want to just
478
00:29:24.480 --> 00:29:26.599
talk about silver. How does it work with silver? You
479
00:29:26.720 --> 00:29:30.839
also work with silver? I'm silver doing right now, and
480
00:29:31.079 --> 00:29:36.519
obviously sterling is the Sterling is the gold standard. What
481
00:29:36.559 --> 00:29:38.640
should you think about when selling your silver? And we
482
00:29:38.759 --> 00:29:42.160
talked before we went on the show that you you
483
00:29:42.359 --> 00:29:49.279
focus on Volved focuses on jewelry and not sterling silver flatware, but.
484
00:29:50.200 --> 00:29:52.559
We can help you assess with flatware as well. So
485
00:29:53.559 --> 00:29:57.519
the process, the process with Unwald is very similar is
486
00:29:57.759 --> 00:30:00.920
like you click few photos, give us, give us some
487
00:30:01.000 --> 00:30:06.599
information on what it is made of. And what we
488
00:30:06.640 --> 00:30:09.519
do is like we take the photos, we break that
489
00:30:09.720 --> 00:30:13.960
down and try and understand volumetrically how much precious metal
490
00:30:14.119 --> 00:30:16.839
is in there, and based on that we give you
491
00:30:16.880 --> 00:30:19.799
an estimate. So if you have silverware, if you have
492
00:30:19.880 --> 00:30:23.640
plates of goal, you can upload it on a Wald
493
00:30:23.720 --> 00:30:26.559
and try and see what the estimate is. What you
494
00:30:26.599 --> 00:30:28.720
can do is put it on a kitchen scale to
495
00:30:28.839 --> 00:30:33.000
actually know and upload that picture so you, uh, your
496
00:30:33.119 --> 00:30:38.519
estimates become even more accurate because essentially it is the
497
00:30:38.519 --> 00:30:41.440
precious metal that is giving the value for the jewelry
498
00:30:42.039 --> 00:30:42.759
or silverware.
499
00:30:43.160 --> 00:30:45.240
A lot of people are inheriting Stirling silver and they
500
00:30:45.279 --> 00:30:45.799
don't want it.
501
00:30:46.359 --> 00:30:50.359
Yeah, I just want to just quickly say when my mother,
502
00:30:50.559 --> 00:30:53.640
my mother's house was filled with silver things, and we
503
00:30:53.680 --> 00:30:56.160
thought she was loaded with silver, and we're all excited
504
00:30:57.880 --> 00:31:04.880
living existence. Most of the silver play and that's worth zilchow. Okay,
505
00:31:04.880 --> 00:31:05.359
it's pretty.
506
00:31:05.559 --> 00:31:07.920
Is that worth? Maybe use it to put like our
507
00:31:09.079 --> 00:31:12.000
toothbrush in. But sterling is valuable.
508
00:31:12.039 --> 00:31:13.960
Then you have to decide if you just want to
509
00:31:14.039 --> 00:31:17.480
sell the beautiful Sterling silver set, the Tiffany sterling or whatever,
510
00:31:17.640 --> 00:31:21.400
or take it to auction. Now you know, and I know,
511
00:31:21.559 --> 00:31:23.680
but let's just I have had things sold at auction
512
00:31:23.839 --> 00:31:25.000
that the auction house is list.
513
00:31:25.039 --> 00:31:26.519
I've seen Tiffany's.
514
00:31:26.559 --> 00:31:30.000
I have Tiffany silver. It has a Y in it,
515
00:31:30.079 --> 00:31:31.920
so it makes it less valuable because it.
516
00:31:31.839 --> 00:31:32.839
Was engraved with a hy.
517
00:31:33.079 --> 00:31:36.319
But I've seen Tiffany's silverware at auction for tens of
518
00:31:36.359 --> 00:31:41.559
thousands of dollars. Okay, However, what you see the auction valve.
519
00:31:41.720 --> 00:31:43.759
This is really important. I know you're not auction house,
520
00:31:43.799 --> 00:31:46.759
but I just say it's important when you because versus
521
00:31:46.759 --> 00:31:49.200
like an on bum. If you want to take something
522
00:31:49.279 --> 00:31:54.119
to auction, you need to be prepared to understand that
523
00:31:54.160 --> 00:31:56.920
the estimate price may not be a sell price. You
524
00:31:57.039 --> 00:31:59.200
need to make sure you have a reserve. You must
525
00:31:59.440 --> 00:32:02.440
have a reserve because they're going to start that bit
526
00:32:02.519 --> 00:32:04.599
a lot lower and if you have a reserve, you
527
00:32:04.640 --> 00:32:07.799
may be disappointed. Two, you need to decide if the
528
00:32:07.920 --> 00:32:10.319
value of what they can potentially sell or is worth
529
00:32:10.440 --> 00:32:12.880
just going and getting it, taking it somewhere else like
530
00:32:12.920 --> 00:32:15.119
the Unwold or somewhere just selling it for the silver.
531
00:32:15.880 --> 00:32:16.799
And Three, it may not.
532
00:32:16.880 --> 00:32:21.839
Sell, and if it does, there is a a cellar
533
00:32:21.920 --> 00:32:24.240
fee and a buyer fee. So we're gonna talk of
534
00:32:24.759 --> 00:32:30.279
a cellar fee, which you should negotiate when you can sign,
535
00:32:30.400 --> 00:32:35.160
because this negotiable usually particularly have multiple pieces, could be
536
00:32:35.240 --> 00:32:37.880
anywhere from ten to twenty percent.
537
00:32:38.519 --> 00:32:42.119
Tell me if I'm wrong, but this is more or
538
00:32:42.200 --> 00:32:44.720
less depending on the house. Right.
539
00:32:45.200 --> 00:32:47.960
Yes, you should go and appreciate that.
540
00:32:48.559 --> 00:32:51.119
Yeah, so that is and a lot of this other
541
00:32:51.160 --> 00:32:54.440
stuff is not. You can negotiate anywhere. So that's if
542
00:32:54.440 --> 00:32:56.200
you decide to go to auction if you have something
543
00:32:56.200 --> 00:32:59.279
that's really really really valuable and you really really really
544
00:32:59.359 --> 00:33:00.880
really want to sell as that.
545
00:33:01.039 --> 00:33:05.279
I sold a silver candelabra that's quite beautiful. I found
546
00:33:05.319 --> 00:33:06.279
it behind the curtain.
547
00:33:06.920 --> 00:33:11.519
Oh, when you're cleaning out your parents' house. Everywhere could
548
00:33:11.519 --> 00:33:14.119
be something. I found a valuable ringing in the bottom
549
00:33:14.160 --> 00:33:16.359
of a handbag. I thought it was costume jewelry. It
550
00:33:16.400 --> 00:33:20.440
was real. I also found one in a tailen obox here.
551
00:33:21.680 --> 00:33:23.920
Those were auction, that's how valuable they were.
552
00:33:24.440 --> 00:33:24.640
I did.
553
00:33:24.720 --> 00:33:28.759
Okay, So with Unvault, which again we've said, is an
554
00:33:28.839 --> 00:33:32.039
easier way if you don't want to go through the
555
00:33:32.079 --> 00:33:34.599
part stop of an auction, because I've also put things
556
00:33:34.640 --> 00:33:38.559
for auction that were rejected, which is part So if
557
00:33:38.599 --> 00:33:40.799
you don't want to go through that, you don't want
558
00:33:40.839 --> 00:33:42.240
to feel like you're going in, you don't want to
559
00:33:42.240 --> 00:33:45.160
go what I call the skiving route to somebody just says.
560
00:33:44.960 --> 00:33:47.119
I'll buy your gold with silver, right, just here's what
561
00:33:47.160 --> 00:33:47.559
you get.
562
00:33:48.519 --> 00:33:51.319
How does unvault work in terms of its feat because,
563
00:33:51.359 --> 00:33:53.519
as you said, there's a fee for everything.
564
00:33:54.599 --> 00:34:00.240
Yes, so we have a ten platform fee for that
565
00:34:00.319 --> 00:34:00.640
we do.
566
00:34:00.920 --> 00:34:04.160
And this as a selling fee or it is a
567
00:34:04.200 --> 00:34:06.200
posting fee or a selling figure both.
568
00:34:06.839 --> 00:34:12.960
It's all included just one fee. So the this and
569
00:34:13.719 --> 00:34:16.079
the fee is to help us kind of cover for
570
00:34:16.119 --> 00:34:20.440
the shipping cost, authentication costs, like we are selling start. Yeah,
571
00:34:21.039 --> 00:34:28.239
so and this is very low compared to other platforms
572
00:34:28.239 --> 00:34:31.719
that you see, like the fees can range from forty
573
00:34:31.760 --> 00:34:32.639
to sixty percent.
574
00:34:32.760 --> 00:34:35.599
If you're like, can you say, like who are out
575
00:34:35.719 --> 00:34:37.000
I mean, like, where's forty.
576
00:34:36.920 --> 00:34:39.400
If you go to a if you go to pawn
577
00:34:39.480 --> 00:34:43.280
shop or other cash for goal outfits, that actually goes
578
00:34:43.360 --> 00:34:45.639
up to forty to sixty percent, So.
579
00:34:45.679 --> 00:34:48.559
I think policize it's your last resort, right.
580
00:34:48.880 --> 00:34:55.480
Yes, yes, so you should definitely know the value before
581
00:34:55.519 --> 00:34:58.679
you go so that you understand what is the fee
582
00:34:58.760 --> 00:35:02.480
that they are charging you on top of that, and
583
00:35:02.559 --> 00:35:06.599
that's how you'll know how much is how much is
584
00:35:07.440 --> 00:35:10.760
what you get paid and how much is the fee
585
00:35:10.800 --> 00:35:11.840
that they're charging.
586
00:35:11.719 --> 00:35:16.559
And what were the face a game of themvolved? Okay,
587
00:35:17.000 --> 00:35:18.400
So if somebody just wants to.
588
00:35:18.320 --> 00:35:21.639
Know the value, like I did a test yesterday, yeah,
589
00:35:22.400 --> 00:35:23.199
is there a charge?
590
00:35:23.239 --> 00:35:24.639
But what if somebody has twenty pieces?
591
00:35:24.920 --> 00:35:26.760
Can they just keep unlearning and men involved and there's
592
00:35:26.760 --> 00:35:31.079
no charge for that because Workpoint charges you subscribe.
593
00:35:32.800 --> 00:35:37.920
Evaluations are completely free, so you you can create an
594
00:35:37.920 --> 00:35:42.360
account and unvolved for free and you can safely upload
595
00:35:42.840 --> 00:35:47.639
your jewelry, create your own jewelry portfolio and unvolved and
596
00:35:48.119 --> 00:35:53.039
all evaluations are free. And that's how you kind of
597
00:35:53.119 --> 00:35:56.559
know what your jewelry is worth and what your jewelry
598
00:35:56.599 --> 00:35:59.239
box is worth. Right Like, you want to have a
599
00:35:59.320 --> 00:36:04.119
complete pick of what you what is in it, and
600
00:36:04.320 --> 00:36:08.159
then you can have a very informed decision of the
601
00:36:08.199 --> 00:36:10.800
pieces that you want to part with because you're not
602
00:36:11.039 --> 00:36:15.599
wearing them, or even manage your collection better. So that's
603
00:36:15.719 --> 00:36:19.599
essentially the goal and we want to Yeah, we do
604
00:36:19.639 --> 00:36:22.639
it all for free, so you just upload and know
605
00:36:22.760 --> 00:36:23.360
your value.
606
00:36:23.880 --> 00:36:26.039
So what are the services is involved provide?
607
00:36:27.480 --> 00:36:31.639
So right now we are very focused on solving the
608
00:36:31.679 --> 00:36:36.800
problem at hand, which is provide radical transparency to customers
609
00:36:36.880 --> 00:36:42.119
when when it comes to jewelry and also help them
610
00:36:42.239 --> 00:36:46.679
liquidate and get cash the best out of the jewelry
611
00:36:47.519 --> 00:36:48.239
when they want to.
612
00:36:49.440 --> 00:36:51.079
I think the thing is for knowing when you want
613
00:36:51.119 --> 00:36:53.400
to sell. I mean, I'm sitting on a lot of jewelry.
614
00:36:53.400 --> 00:36:55.119
I'm not wearing and I'm not ready. You know, I
615
00:36:55.119 --> 00:36:56.920
don't need the money yet. I won't need the money
616
00:36:56.960 --> 00:36:58.480
able to do it. But you gotta don't do it
617
00:36:58.519 --> 00:37:00.719
when you really need the money. Do you want to
618
00:37:00.760 --> 00:37:03.519
like have it? Maybe just start wanting to take that
619
00:37:03.599 --> 00:37:07.880
money and invest in. Try not to sell when you're desperate. Yeah,
620
00:37:07.920 --> 00:37:10.519
how is artificial intelligence? I hate asking this question, but
621
00:37:10.599 --> 00:37:14.480
you get asking everybody because how was artificial intelligence changing
622
00:37:14.519 --> 00:37:15.320
this industry?
623
00:37:16.880 --> 00:37:20.760
Well, it's giving with us. It's giving like the transparency
624
00:37:20.800 --> 00:37:24.199
we didn't have before, right like with AI kind of
625
00:37:24.280 --> 00:37:28.639
vision models and like helping people break down the pieces.
626
00:37:28.719 --> 00:37:33.360
Like computer is able to tell us like, hey, this
627
00:37:33.480 --> 00:37:37.079
is what your jewelry is worth, right like, this is
628
00:37:37.159 --> 00:37:39.440
how much goal it could be. And this is how
629
00:37:40.039 --> 00:37:45.480
it's It's pretty good most of the times, right Like,
630
00:37:45.639 --> 00:37:50.960
it does a great job. And this is this is
631
00:37:51.039 --> 00:37:57.199
what what Appraises asked you a large amount of money
632
00:37:57.239 --> 00:38:00.400
to pay for is to just know the value right like,
633
00:38:00.960 --> 00:38:05.119
and now is helping reduce that cost for the user
634
00:38:05.440 --> 00:38:09.119
that you can get an estimate without actually taking the
635
00:38:09.199 --> 00:38:12.119
stuff out of your house. A lot of people, including me,
636
00:38:12.599 --> 00:38:14.719
I'm scared to take all of my jewelry and go
637
00:38:14.840 --> 00:38:18.119
somewhere right like it. You don't want to be traveling
638
00:38:18.159 --> 00:38:21.800
with all of that. You don't And that is what
639
00:38:23.079 --> 00:38:26.559
the convenience, what technology is able to provide you today
640
00:38:26.760 --> 00:38:29.880
is like at your home. You click a few pictures
641
00:38:29.960 --> 00:38:33.000
and get a few details and get an estimate.
642
00:38:33.760 --> 00:38:37.840
So a couple of things. Great point. I use you
643
00:38:37.880 --> 00:38:39.920
know that at the cheapy end.
644
00:38:40.360 --> 00:38:42.800
Uh, this is what I learned doing in the state
645
00:38:42.960 --> 00:38:48.360
sale and reselling Google lens. I will Google lens just
646
00:38:48.400 --> 00:38:50.519
to get the base, to find out what it is,
647
00:38:50.519 --> 00:38:55.199
and I do costume jewelry to so I your fine jey,
648
00:38:55.239 --> 00:38:57.639
but just for anything Google lents. I taught it to
649
00:38:57.719 --> 00:39:00.320
my nephew, my cousin's and my husband's nephew.
650
00:39:00.360 --> 00:39:03.280
The other day. He went, you can.
651
00:39:03.199 --> 00:39:05.559
Get, but don't rely on that. Then you know, there's
652
00:39:05.599 --> 00:39:09.039
places like Invaluable and Worth Point. You can subscribe and
653
00:39:09.079 --> 00:39:11.880
they can tell you how much something so for.
654
00:39:12.079 --> 00:39:13.280
Because the thing is.
655
00:39:15.000 --> 00:39:18.320
There's the value and that is what it is so for,
656
00:39:18.519 --> 00:39:21.039
and that's really important. If you decide to sell on
657
00:39:21.159 --> 00:39:25.480
somewhere like eBay, you got to see what it's selling for.
658
00:39:26.000 --> 00:39:28.440
And that still doesn't tell the story. Because it could
659
00:39:28.440 --> 00:39:31.239
sell for a lot less than the value just because.
660
00:39:31.400 --> 00:39:39.000
Right, yeah, yes, when so historical soil crisis are a
661
00:39:39.119 --> 00:39:43.800
very good reference of what the value is. One thing
662
00:39:43.840 --> 00:39:48.119
to think about is it gets especially tricky with pieces
663
00:39:48.199 --> 00:39:51.960
that are not designer pieces, right, Like if you have
664
00:39:52.159 --> 00:39:59.079
inherited like a gold bracelet from your grandma, you won't
665
00:39:59.400 --> 00:40:02.239
like Google. What Google lens helps you is like if
666
00:40:02.360 --> 00:40:06.559
there are pieces that are in large distribution, designer pieces,
667
00:40:06.639 --> 00:40:09.400
common designs, then you get like a good estimate. But
668
00:40:09.480 --> 00:40:13.000
if there's a piece that is uniquely you or uniquely
669
00:40:13.039 --> 00:40:15.840
your grandmother's, it is way hard to get like an
670
00:40:16.000 --> 00:40:18.960
estimate or know what the value is. So you have
671
00:40:19.000 --> 00:40:23.440
to use different tools for different things. And as you say,
672
00:40:24.079 --> 00:40:28.079
users should should try different tools, have their own mental
673
00:40:28.239 --> 00:40:32.400
framework of what the pieces are worth. And that's the
674
00:40:32.599 --> 00:40:35.599
kind of journey that we are trying to help customers
675
00:40:35.639 --> 00:40:39.360
live it. So we connect to a lot of different databases,
676
00:40:39.440 --> 00:40:42.679
we connect real time prices of gold and gemstones, and
677
00:40:42.719 --> 00:40:46.679
we want to get all that information to customers in
678
00:40:46.840 --> 00:40:50.800
one place rather than than them having to do multiple
679
00:40:50.920 --> 00:40:55.119
different kind of venues or tools, or even take something
680
00:40:55.199 --> 00:40:58.559
physically outside your home to try and estimate it, so wander.
681
00:40:58.599 --> 00:41:00.840
I'd use all that burden for the consumer.
682
00:41:01.440 --> 00:41:03.119
Well, if you can find it. If my phraser does
683
00:41:03.159 --> 00:41:05.960
house calls. He lives in Connecticut.
684
00:41:05.760 --> 00:41:08.760
He he schedules and I love him and would be
685
00:41:08.840 --> 00:41:10.880
jeweler at the end because he's great, because I have
686
00:41:10.920 --> 00:41:11.559
a lot of jewelry.
687
00:41:11.599 --> 00:41:12.360
But here's interesting.
688
00:41:12.360 --> 00:41:14.360
I think it's great that jundre gemstones, but I'm sitting
689
00:41:14.400 --> 00:41:16.239
on a lot of gemstones. Icheveryone what to do with
690
00:41:16.360 --> 00:41:20.719
you don't know where to sell gemstones. I think it's important.
691
00:41:20.800 --> 00:41:23.000
There are so many tools out there to sell your
692
00:41:23.199 --> 00:41:26.320
fine jewelry, and we're talking about fine just on a side.
693
00:41:26.360 --> 00:41:29.079
There's also even though you don't do a costume, jewelry
694
00:41:29.159 --> 00:41:32.079
can have some great intrinsic value.
695
00:41:32.079 --> 00:41:35.199
There's a big resell market, so do your homework there
696
00:41:35.320 --> 00:41:37.079
as well. It's amazing.
697
00:41:39.000 --> 00:41:41.239
Silver breaks my heart when I hear somebody in here
698
00:41:41.280 --> 00:41:42.880
it it's silver and they just wouldn't had it all
699
00:41:42.920 --> 00:41:44.920
melted down because they didn't care.
700
00:41:45.039 --> 00:41:47.400
Maybe they did their homework. Don't rush it. Silver can
701
00:41:47.840 --> 00:41:49.880
sterling can bring in some good money.
702
00:41:50.320 --> 00:41:53.199
I think everybody needs to understand, and I hope you
703
00:41:53.239 --> 00:41:57.559
agree now to you, there's intrinsic value, and there's sentimental value, yes,
704
00:41:58.480 --> 00:41:58.840
and you.
705
00:41:58.880 --> 00:42:01.800
Need to decide I have a lot of jewelry.
706
00:42:01.880 --> 00:42:04.480
I haven't sold it. I've sold some jewelry. I have
707
00:42:04.519 --> 00:42:07.159
a lot left. I don't necessarily wear it, but it
708
00:42:07.199 --> 00:42:12.360
has sentimental value and intrinsic value. When the day comes
709
00:42:13.039 --> 00:42:16.440
for me or anyone out there listing or watching, there
710
00:42:16.480 --> 00:42:19.519
will be a day where you will have to make
711
00:42:19.559 --> 00:42:25.239
that decision. Why do I have all this jewelry? What
712
00:42:25.360 --> 00:42:28.039
am I doing with it? Can I use the money
713
00:42:29.079 --> 00:42:33.199
for other purposes? Invest, put away from my children, my grandchildren,
714
00:42:33.800 --> 00:42:37.800
pay off a bill, whatever you need. It's a highly
715
00:42:37.960 --> 00:42:42.119
personal decision, but it's important to work with people you
716
00:42:42.360 --> 00:42:46.039
trust to help you liquid at your jewelry because the
717
00:42:46.119 --> 00:42:48.039
scammers are out there and there are just a lot
718
00:42:48.079 --> 00:42:50.639
of low ballers, and just don't do it from a
719
00:42:50.679 --> 00:42:54.159
point of desperation. Do it from a point of having
720
00:42:54.199 --> 00:42:55.760
an advantage.
721
00:42:56.039 --> 00:43:02.239
Right, absolutely absolutely power yourself with as much data as
722
00:43:02.280 --> 00:43:04.960
you can and as much information as you can about
723
00:43:05.000 --> 00:43:07.960
your jewelry, and that that is power.
724
00:43:08.320 --> 00:43:12.320
That is where do you see this business going? I mean,
725
00:43:12.400 --> 00:43:14.360
how all this unvolved and where do you see this
726
00:43:14.480 --> 00:43:15.760
business industry going?
727
00:43:16.559 --> 00:43:21.840
I'm all started last year and yeah, and we have
728
00:43:23.079 --> 00:43:26.960
we have about fifteen thousand pieces that have been appraised
729
00:43:27.039 --> 00:43:31.199
from our on our platform, about seventy million dollars worth
730
00:43:31.199 --> 00:43:36.079
of pieces that have been a praise. So it's growing
731
00:43:36.920 --> 00:43:42.480
and it's uh and I think what is what is
732
00:43:42.679 --> 00:43:46.400
the thing too? Like what gives me and need the
733
00:43:46.639 --> 00:43:50.480
joy every day is that we are solving a real
734
00:43:50.519 --> 00:43:54.679
problem for the customer. Customers are sitting with thousands of dollars,
735
00:43:54.760 --> 00:43:58.119
thousands of dollars sitting idle as you said, their pieces
736
00:43:58.199 --> 00:44:01.280
that you don't want to wear right like, or the
737
00:44:01.440 --> 00:44:05.440
pieces that are you grew out of it right there,
738
00:44:05.440 --> 00:44:08.000
designs that you grew out of it. They are pieces
739
00:44:08.039 --> 00:44:13.400
that you have inherited. Men have inherited jewelry from their
740
00:44:13.440 --> 00:44:16.480
families that they don't know what to do, They have
741
00:44:16.599 --> 00:44:21.440
no use for it. And we want users to know
742
00:44:21.880 --> 00:44:24.920
and like we want to solve that problem. Is like
743
00:44:25.000 --> 00:44:29.920
there's real asset, there's real dollars that are actually tugged away.
744
00:44:30.480 --> 00:44:35.039
We want we want everybody to treat jewelry and gold
745
00:44:35.119 --> 00:44:38.480
that they have similar to what they would do for stocks.
746
00:44:38.960 --> 00:44:42.199
You have a robin Hood portfolio, you track it every day.
747
00:44:42.239 --> 00:44:45.840
You get alert, you should do the same with the
748
00:44:45.920 --> 00:44:50.480
thousands of dollars that you have in the So that's
749
00:44:50.519 --> 00:44:53.280
the problem that we are very excited to solve for
750
00:44:53.360 --> 00:44:58.559
our customers. And we hear stories from our customers and
751
00:44:58.760 --> 00:45:01.920
how they have we how Unwild has helped them through
752
00:45:02.519 --> 00:45:06.960
different phases in their life, different life events that they
753
00:45:07.000 --> 00:45:10.880
needed help with, and that is what brings us joy
754
00:45:11.039 --> 00:45:16.840
that we actually are able to help customers and we
755
00:45:18.079 --> 00:45:21.800
are making a difference in someone's life, and that's very
756
00:45:21.840 --> 00:45:22.960
exciting for us.
757
00:45:23.320 --> 00:45:24.519
I think it's really exciting.
758
00:45:24.599 --> 00:45:28.159
I mean, as someone who has sold a lot of jewelry,
759
00:45:28.360 --> 00:45:30.119
has a lot of jey, I'm blessed.
760
00:45:30.599 --> 00:45:34.039
I know that day is coming for me just out there.
761
00:45:34.039 --> 00:45:37.199
But I'm going to just make this huge plea that
762
00:45:37.320 --> 00:45:41.440
if you do have fine jewelry, please make a list
763
00:45:41.480 --> 00:45:44.599
of it, know where it all is, have a way
764
00:45:44.679 --> 00:45:46.639
to take it out if you are going to have
765
00:45:46.679 --> 00:45:48.039
to evacuate your home.
766
00:45:48.079 --> 00:45:50.440
I live in Louisiana. We think about this all the time.
767
00:45:50.960 --> 00:45:53.480
Know where everything is, have a detailed list, if you
768
00:45:53.559 --> 00:45:57.119
have apprisal to have them online, if you can afford.
769
00:45:57.239 --> 00:45:59.000
Even if you can afford, try to get.
770
00:45:58.840 --> 00:46:01.239
The most valuable pieces, so the ones you wear outside
771
00:46:01.280 --> 00:46:04.039
the house to travel with every day, get them appraised
772
00:46:04.159 --> 00:46:08.400
and get them insured. You're going to make choices because
773
00:46:08.440 --> 00:46:10.320
I can't even dan to how much my appraisal if
774
00:46:10.320 --> 00:46:12.719
I got everything in short, so I have everything locked away.
775
00:46:12.840 --> 00:46:15.920
But do that at least because if your house burns
776
00:46:16.000 --> 00:46:20.480
down or you have to evacuate, you will be heartbroken.
777
00:46:20.719 --> 00:46:24.400
But when you're ready to sell, and that day will come, first,
778
00:46:24.440 --> 00:46:26.599
have a talk with your kids, your grandkids. See what
779
00:46:26.679 --> 00:46:28.960
they want anything. Don't go selling it till you talk
780
00:46:29.039 --> 00:46:33.480
to them. But if you don't make that decision and
781
00:46:33.519 --> 00:46:35.920
don't regret it, but do try to find and work
782
00:46:35.960 --> 00:46:39.199
with companies like Unfolded, the company trusted.
783
00:46:40.480 --> 00:46:43.559
For services, so that you don't get scammed. Because it
784
00:46:43.599 --> 00:46:44.480
breaks my heart.
785
00:46:44.519 --> 00:46:47.119
And like I said from the beginning, people work from
786
00:46:47.119 --> 00:46:50.000
a point of desperation and frustration and they don't know
787
00:46:50.000 --> 00:46:56.719
what they're doing, and an informed seller and buyer is
788
00:46:56.719 --> 00:46:57.880
going to get the best price.
789
00:47:00.360 --> 00:47:04.239
I really enjoyed talking to today. I I really do.
790
00:47:04.320 --> 00:47:05.880
I hope the company does well.
791
00:47:06.000 --> 00:47:08.840
It's a you know, it's a crazy market, a crazy industry,
792
00:47:08.920 --> 00:47:10.599
but a very exciting one.
793
00:47:11.039 --> 00:47:13.719
So Nibby, I want to thank you again for joining me,
794
00:47:13.800 --> 00:47:14.800
and it's unvulked on co.
795
00:47:14.960 --> 00:47:16.840
We're going to show a quick video at the end
796
00:47:16.920 --> 00:47:19.360
just to kind of give you a visual. But I
797
00:47:19.400 --> 00:47:22.800
want to thank you and also just remember you know,
798
00:47:22.880 --> 00:47:24.079
I do this show out of love.
799
00:47:24.199 --> 00:47:25.639
I do this show I don't have.
800
00:47:25.760 --> 00:47:27.679
I don't have any skin in the game with your company,
801
00:47:28.079 --> 00:47:32.559
but I do this because I'm if I if you don't.
802
00:47:32.440 --> 00:47:36.760
Want you to get scammed. I've been scammed. I've had
803
00:47:36.800 --> 00:47:37.320
to sell.
804
00:47:37.159 --> 00:47:40.000
My jewelry out of need, out of want and a desire.
805
00:47:40.559 --> 00:47:43.440
I also have a lot that I keep it. It's
806
00:47:43.480 --> 00:47:48.199
so important to be informed and educated before you do
807
00:47:48.360 --> 00:47:50.760
anything in life that involves.
808
00:47:50.239 --> 00:47:58.400
A major decision and to help yeah and get get
809
00:47:58.440 --> 00:47:59.920
people you trust to help you.
810
00:48:00.840 --> 00:48:03.320
I hope that's helpful for everybody out there in any
811
00:48:03.559 --> 00:48:08.039
aspect of your life, just jewelry, but your health, insurance,
812
00:48:08.280 --> 00:48:10.800
you name it. Because it breaks my heart when I
813
00:48:10.840 --> 00:48:14.719
find that somebody made a bad decision and got I
814
00:48:14.719 --> 00:48:18.119
don't want that to have. So I'm Melanie and this fearless,
815
00:48:18.119 --> 00:48:21.280
fabulous shoot. Thank you again for joining me. One my engineer,
816
00:48:21.320 --> 00:48:24.719
let's just put up that little you know visual. We
817
00:48:24.840 --> 00:48:27.880
have it and we can show that at the and
818
00:48:28.119 --> 00:48:29.679
so you can get to get an idea of how
819
00:48:29.679 --> 00:48:30.559
it works.
820
00:48:35.079 --> 00:48:40.679
Well love the tattoobs. So right here you're showing this
821
00:48:40.719 --> 00:48:41.679
is obviously video.
822
00:48:41.679 --> 00:48:45.079
We have an audio show, but they're evaluating the pieces
823
00:48:45.280 --> 00:48:47.159
in some fancy machine.
824
00:48:47.800 --> 00:48:53.239
Right. Yes, this is an authentication process with all the
825
00:48:53.360 --> 00:48:57.239
machines all yeah, all the wing scales, all the machines
826
00:48:57.280 --> 00:48:59.920
that were using for testing to give you the accuratest.
827
00:49:00.719 --> 00:49:04.320
And you really want that. I mean, it's so it's
828
00:49:04.320 --> 00:49:04.880
so important.
829
00:49:04.920 --> 00:49:06.679
Meanwhile, I have a suitcase of I have a little
830
00:49:06.719 --> 00:49:10.280
rolling suitcase for my goat bag to evacuate. But I'm
831
00:49:10.280 --> 00:49:13.880
going to I have the bits and pieces. I'm just
832
00:49:13.880 --> 00:49:15.760
gonna add one last sea. If you go to a
833
00:49:15.840 --> 00:49:21.719
jeweler and you need something sized or adjusted, like I
834
00:49:21.760 --> 00:49:25.639
had a diamond necklace made into a bracelet, make sure
835
00:49:25.639 --> 00:49:28.360
you get the pieces that are left back.
836
00:49:28.880 --> 00:49:31.480
Oh yeah, absolutely, because.
837
00:49:31.480 --> 00:49:34.280
And make sure that if you're having a ring.
838
00:49:36.000 --> 00:49:40.079
Stone trend, just make sure it's the stone that you
839
00:49:40.159 --> 00:49:42.599
get back as a stone you delivered, because there are
840
00:49:42.719 --> 00:49:45.400
some scummy people out there who'll shame stones.
841
00:49:46.719 --> 00:49:48.559
So do your homework.
842
00:49:48.719 --> 00:49:50.920
Don't just leave it watch unless you know that people
843
00:49:50.920 --> 00:49:54.360
don't leave you jewry, be there and watch everything and
844
00:49:54.480 --> 00:49:57.559
always ask for the bits. And I had I had
845
00:49:57.559 --> 00:50:01.719
a Mickey Moto jewelry of uh bracelet. She said, should
846
00:50:01.760 --> 00:50:05.679
I change the I needed its size and I said,
847
00:50:05.719 --> 00:50:08.760
I want the pearls back that you're taking off. She said, well,
848
00:50:08.800 --> 00:50:11.079
do you mind? What if we just got you another class.
849
00:50:11.159 --> 00:50:15.840
I'm like, no, that's a fourteen character making much part
850
00:50:15.840 --> 00:50:24.000
of the piece camp in everything intact. Yeah, and it
851
00:50:24.039 --> 00:50:26.800
started swing value. So I got it back with my
852
00:50:26.880 --> 00:50:28.320
cold class and my pearls.
853
00:50:28.320 --> 00:50:30.880
But somebody could have you know.
854
00:50:33.400 --> 00:50:35.920
Anyways, get your gold back, always.
855
00:50:35.599 --> 00:50:40.719
Get your cold as over enginet I have.
856
00:50:41.360 --> 00:50:43.800
I have a bag of those every bits of pieces
857
00:50:43.800 --> 00:50:46.440
of stone. Eventually I'm gonna have a sense up to
858
00:50:46.480 --> 00:50:46.920
you guys and.
859
00:50:46.960 --> 00:50:51.039
See and then you'll know the value of what it
860
00:50:51.079 --> 00:50:53.679
is and we can we can measure it int you.
861
00:50:53.960 --> 00:50:57.519
Yeah, absolutely, So thank you again for joining me. And
862
00:50:57.599 --> 00:51:01.440
as always, you have many choices in life. Always choose
863
00:51:01.480 --> 00:51:05.079
fearless and fabulous, and don't let anyone put pressure on
864
00:51:05.159 --> 00:51:07.199
you to do something that makes you uncomfortable.
865
00:51:07.360 --> 00:51:09.760
It makes you blow your worth or your value of
866
00:51:09.800 --> 00:51:10.440
what you own.
867
00:51:11.039 --> 00:51:14.559
Make confident choices before you afford and always choose to
868
00:51:14.559 --> 00:51:17.840
live life on your terms, with fearless, fabulous attention.
869
00:51:18.159 --> 00:51:23.039
Thank you,