Mondiamo, a buyback partner of the online jewelry retailer, Blue Nile is a fairly new entrant in the diamond buyback market and is a good option if you’re looking for a platform to sell your diamond jewelry online.
How Does Mondiamo Work?
At Mondiamo, the belief is that as a customer, you should not feel uncomfortable, overwhelmed or uneducated while selling your diamond jewelry.
To this end, Mondiamo’s team of specialists offer you their industry expertise and experience, a scientific approach and a global network that helps to make the most of the value of your diamond jewelry.
Selling your diamond jewelry through Mondiamo is extremely easy and you can do it in 4 simple steps:
Step 1: Provide Information about Your Jewelry
First, you will need to provide details about your diamond jewelry. You need to provide the Diamond Grading Report number, and other details about the jewelry such as metal type, setting type, etc. This usually takes around 2 minutes.
If you do not have a Diamond Grading Report for your jewelry, there is no cause to worry. Mondiamo will send you a shipping kit that is fully insured, free, and will also give you a free evaluation of your jewelry by the Mondiamo expert gemologists.
Step 2: Receive a Guaranteed Offer Range
On basis of the information you have provided about your jewelry, Mondiamo will mail you a guaranteed price range that they commit to paying you even before they take a look at your jewelry.
This usually takes around 1 to 2 working days. More than 90 percent of Monidamo’s customers receive an offer of a final price which is much higher than the average amount of the guaranteed range.
Step 3: Ship Your Jewelry for Final Evaluation
Once you get an offer from Monidamo, you can request for a free shipping kit, which is completely tracked and insured that contains all the packing materials required for your jewelry and you will get this in around 1 to 2 working days.
You can pack the jewelry and then either call for a pick up of the package or drop it off at a FedEx location nearest to you.
Step 4: Receive Payment
If you accept the final offer made by Mondiamo, then they will issue a payment immediately.
Mondiamo offers you payment options and you can choose to receive your payment via a bank transfer (ACH if you are based in the US or by wire transfer if you are an international customer) or a check, which will be mailed to you.
Both these methods take around 2 to 3 days once you have accepted the final offer from Mondiamo. However, if you do not accept the final offer, then Mondiamo will ship your jewelry back to you free of cost, without any questions asked.
While other sites where you can sell your jewelry will accept different types of fine jewelry, Mondiamo accepts only diamond jewelry. Other services they offer on their platform are:
The entire process of selling your jewelry through Mondiamo is safe, secure and transparent, and does not cost you any money.
Now you can sell your diamond jewelry conveniently without any hassles from the comfort of your home without any bargaining.
All the members of the Mondiamo Client Care team are specialized and certified gemologists and you can contact them via phone, SMS or email.
Mondiamo has a vast global distribution network spanning across 28 countries and they have hundreds of jewelry buyers across the globe, which enable Mondiamo to get diamond prices in real time.
Block Policy Insurance
Mondiamo offers Block Policy Insurance that ensures that your valuable jewelry is safe and protected during shipping and while it is at the Mondiamo facility at the time it is being evaluated.
Mondiamo recycles and reuses the precious metals and diamonds that are acquired from customers, thereby helping to reduce the carbon footprint and being environmentally friendly.
An affiliate of Adama Partners, which is a New York-based company which is in the global gemstone, diamond and jewelry business, Mondiamo partnered with Blue Nile, a leader in online jewelry in 2017.
Mondiamo provides its customers a platform via which they can sell their diamond jewelry for cash. Currently, Mondiamo has its operations in the US and Canada but has plans to expand globally in the near future.
Mondiamo has made a big splash because of their Blue Nile backing. There are other top options
- Diamond Buyers International – With an A+ rating from the BBB, Diamond Buyers International is a top option for selling your diamonds.
- WP Diamonds – One of the most well known options, WP Diamonds make it easy to sell many different kinds of jewelry.
- International Institute of Diamond Valuation – A quick three day turnaround after valuation, International Institute of Diamond Valuation makes a quick option to sell your jewelry.
- Has the backing of the Blue Nile, a reputed online diamond retailer
- An A rating from the BBB (Better Business Bureau)
- Simple and attractive website.
- Fully insured FedEx pickup and delivery.
- Expert customer support
- Team that consists of expert gemologists who are available to assist you via telephone, text messages or email.
- The entire process of selling your diamond jewelry is fast and easy.
- The entire process takes a maximum of just 2 weeks.
- Customers stated that they got a much higher value for their diamond jewelry compared to what was being offered by others.
- Fairly new company and does not have a very long track record.
- Deals in jewelry only with diamonds of 0.3 carats or more. This limits the type of jewelry that you can sell via Mondiamo.
- Gives you only one offer for your diamond jewelry which you can either accept or reject. You do not get offers from several buyers like other websites such as Worthy.
- The guaranteed minimum price does not take into account that you may have a certified evaluation of the jewelry that may have valued it higher than the initial offer price.
- The offer given for your diamond jewelry is good for 7 days and then you must start the entire process all over again.
Mondiamo Review Bottom Line
While Mondiamo is newer to the online diamond buying market, their backing by BlueNile makes them a legitimate option for anyone looking to sell their diamonds.
This means anyone looking to sell an engagement ring, other forms of diamond jewelry or loose diamonds should consider Mondiamo as one of their top options.