NOTE: LONG REVIEW BUT HONEST
I sent Worthy the following; a 4ct. Unheated Sapphire platinum & Diamond ring, 2 natural fancy yellow diamond rings and a Tsar era pendant made by Kochli. (less than 5% of all Sapphires are unheated). Here's how Worthy works; they assume you don't know the value of your items; It starts there. (With 20 years in Jewelry & a GIA Diamonds grad; I wasn't an ideal Worthy candidate.)
Upon receipt of my Items they informed me that they felt the Sapphire significant enough to send to GIA for a country of Origin report. (A 4 week process). I know they were hoping it was from Kashmir (making it more valuable or Burma). But anyone can look at it who knows gems and see it wasn't Kashmir but it was their money. I assumed (wrongfully) that in the meantime they would auction the diamonds. We were not selling the items in a lot so why wait? I send numerous emails inquiring about the diamonds and most went unanswered until finally the Sapphire returned and they had me make an appointment for a 15 minute phone conversation to set the auction prices. When Melissa Miller called my first question was logically, Where was the Sapphire's origin? She didn't know, had to get report (on hold twice; time 2:35 seconds). It wasn't Burma or Kashmir and here is where the deal went south. She referred to it as a 3.24 ct sapphire set with two round diamonds. It's 3.92 (I weighed it myself and GIA has certified it as 4 ct., I had mailed Worthy the GIA copy). And it is set with two emerald cut diamonds; not rounds. I then assumed she had the wrong stone/ring. I did not allow it to go to auction.
I then asked about the larger yellow diamond. She referred to its clarity as VVS2 (a really good grade) It isn't. It's an I (imperfect) at best. She really wanted to rush me through the clarity grade report pointing out this was only a 15 min. Consult. You have a very short window to decide after waiting weeks. But how can you as a consumer assign value without knowing the clarity? It is a fast hustle. Worthy wanted to set the reserve at $1,200; I insisted it be $1,700. Of my 4 items that was the only one I let them auction. It got a high bid of $636 and 48 views (it has gotten more on EBay). Upon mulling over our Sapphire discussion; wrong size stone and wrong setting. I emailed them and said I wanted my 4 items back ASAP.
I did get them back in three days but here is the scary part; they shipped them FedEX and the total value on the insurance was $1,800. THAT WOULD NOT EVEN COVER THE SCRAP VALUE OF THE GOLD AND PLATINUM. (Actual retail of all 4 items was $32k.) Keep that in mind, Your items are shipped back not even covered by wholesale pricing. Am so glad they didn't get lost. They will tell you the item is sent to GIA but on every listing there isn't a GIA cert but IGI; HUGE DIFF in the trade. You will be in limbo as long as 4/5 weeks after they receive your item before it's auctioned. Bottom line; if you don't have a recent appraisal, know the grade of your diamonds and are willing to take 1/3 of the value (wholesale) you would be better off at a pawn shop or your local jewelers. But, If money doesn't matter and you want quick cash, Worthy may be a great choice. Hope this helps someone not get ripped off.
Images: Worhy's IGI report (see logo), GIA report on Sapphire weight, 1 cloudy yellow diamond not VVS, the return packing slip insurance, a sapphire with emerald cut diamonds.