Drop Spot & Diamond Cellar offers instant value Swiss watches

21 Oct '05

3 min read

Ohio based leader in industry of online auctioneer Drop Spot, and the DiamondCellar, one of the largest independent jewelers in North America, this week announced a partnership that will offer Swiss watch owners top value for their used timepieces. The "Time for Something New" event, which enables watch owners to convert their timepieces into Diamond Cellar store credit on the spot, kicks off Thursday, Oct. 20 through Saturday, Oct. 29 at the Johnson Family's Diamond Cellar, 6280 Sawmill Road in Columbus, OH.

"They are excited to announce this partnership with The Drop Spot," said Diamond Cellar CEO Andy Johnson. "Their online auction expertise paired with knowledge of Swiss watches allows us to offer their customers the highest value on their Swiss watch trade-ins."

During this partnership event, Diamond Cellar watch experts will evaluate the characteristics of the timepiece, while online auction professionals from The Drop Spot, will carefully compare each timepiece to millions of Swiss watch transactions from the secondary marketplace. In just 15 minutes, the customer will be presented with a trade-in offer. Trade-in quotes are based on the brand and specific model of the watch, its condition, whether the watch comes with the original box and papers, and the current demand in the secondary market.

"They are aligned with the Diamond Cellar in our goal to bring the most value possible to the consumer," said Derek Harp, Founder and CEO of The Drop Spot. "The trade-in offer is based on the fair market value of that watch in the secondary market and it is offered on-the-spot, with no risk to the customer. I don't believe their offers can be matched anywhere else in the marketplace."

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