Del Gatto lives with his wife Veronica Webb and his four children in a beautifully designed apartment near Central Park in New York City. Before this, Del Gatto spent a year as the CEO Worldwide of Jacob & Co. Relationships break up, remorse, they don’t like the item, fashion changes, the tastes change, monetary reasons—it’s got to be a big number. You had on one end pawn shops, which most clients wouldn’t go to. She has appeared on the covers of several prestigious magazines like Elle, Essence, and Vogue, and has also walked the ramp for Chanel and Victoria’s Secret.
Right now, he is busy growing his companies to become the best jeweler in the world. So I thought why wouldn’t we bring this service in-house and actually be a barter company that is the end-user; it’s simply another way for us to pay that may be more appealing than money. Del Gatto says that it was through his first business venture that he realized that while he could see the big picture, he would have to learn to be more patient. I wasn’t looking to attack the cash-for-gold market, the people who were selling broken chains to pay their rent because they lost their job, but people who had resources, not necessarily wealthy people, although that’s certainly an important part of the customer base, but just regular people who had jewelry they no longer wanted. It offers a range of options that gets clients unprecedented prices for their unworn or unwanted gems and jewelry.
But he first made everybody sit up and take notice of him through his company, Circa, which he co-founded in April 2001. https://www.elitetraveler.com/leaders-in-luxury/chris-del-gatto So that gives us extended reach by having these satellite retailers, even though we’re opening new offices every year. R. Andres Lucas began his career at ETG, a hedge fund, as a quantitative trader in 1996. #delgattojewelry #idonowidont #sellwisely #delgatto #diamonds, A post shared by Chris Del Gatto (@chrisdgatto) on Jul 24, 2018 at 4:55pm PDT. This intense yellow is just under 40.00 carats. Is that the same throughout your other locations? The group’s objective is to create a family of companies that bring forth a revolutionary standard of innovation and services to each of their clients in different categories. We can write a check, barter or do a combination of the two.” So oftentimes when we deal with these brands, we’re writing a check for part of it, and we’re taking another percentage of that inventory and giving them advertising credit. I was able to see that there was no liquid market for jewelry; no jewelry stock market, so to speak.”. .
But the team I play on is the CIRCA team, and we’ve probably gotten more publicity about my polo playing than anything else we’ve done. If the items have a larger value, we’ll send out armored car pick-up—and we pay for it—all over the country to pick up the items; and it comes back to the CIRCA corporate headquarters here in New York. The company offered its clients an elegant service through which they could sell their old or unwanted diamonds and jewelry. During this time I was getting experience in the estate jewelry business. It was really at that point when I recognized that everybody used to talk about how good it was when they were able to buy something that was “fresh,” something that had been sitting in a box for 10 or 20 years and they either bought it directly from that private because they were referred to that private, or they bought it from a retail jewelry store representing that private, which was, at that time, more often the way it happened. Most recently, we launched a division called CIRCA Capital, in which we’re giving collateralized loans to the industry only. At the time, we launched under the name of Sell Jewelry.
So there’s a real skill set that is hard to attain. He has made the process of buying and selling jewelry very easy for his clients all over the world. .
So I studied to become a gemologist and worked as an appraiser in the diamond district here in New York on 47th Street for about a year. 2015: Managing Director of De Bosscher Consulting bvba, Strategic & Financial Consultancy for the Diamond Industry, Managing Director. Clients can go into that store, drop off the item or items and receive a CIRCA receipt. So I took that model and thought about who’s at the source of secondary diamonds and jewelry. Del Gatto’s most prized activity is to spend time with his children. Chris Del Gatto: I love music, I love movies and I love art. So, when he turned 17 years old, Del Gatto decided to give college a pass and instead became a licensed gemologist. Be the first to know about the latest in luxury lifestyle news and travel, delivered straight to your inbox each week. But that’s way off in the future. ET: The buying rooms, they felt like luxury boutiques.
Obviously I had a very good diamond education, so that was never a problem, but buying estate jewelry was a learning experience. FACT CHECK: Is “Text RBG to 50409” a Scam? Del Gatto is divorced but has a great relationship with his ex-wife. With over 10 years of experience in the fields of research, marketing, sales and distribution, Opperman saw in his situation, an opportunity to create a platform where sellers receive more money than ever thought possible, while at the same time the buyers are able to purchase diamonds and jewelry at below retail prices; for the first time ever, a unique model that adds value to both sides of the equation. But when people want, for whatever reason, to sell jewelry, it should be a pleasant experience. ET: So now let’s assume somebody reads this and they’re interested in selling some estate jewelry. helped make the innovative online company a household name. 2,153 Followers, 1,198 Following, 306 Posts - See Instagram photos and videos from Chris Del Gatto (@chrisdgatto) Well, there is one man who believes this has made a career out of it; Chris Del Gatto, Chairman and CEO of DELGATTO. The savvy consumer is a savvy seller if she doesn’t wear an item any longer. Where do you see opportunities to grow? ET: So you’re buying all this jewelry; who do you sell it to? Now we see our customers coming back, and that core business is really coming back to almost where it was pre-recession. Our price didn’t change. The newest businesses that have really been, in a sense, helped by the situation in the economy are the wholesale divisions. So recognizing that there was 50 billion dollars a year of retail jewelry sold in North America alone, what percentage of that is sold back to the trade that same year, for whatever reason? We write checks for jewelry, and we pay higher prices than anyone else out there. And I want that to be that. It then dawned on him that there was a business potential in secondhand jewelry and watches. Chris Del Gatto: No, but we’re actually looking now at one or two amazing jewelry brands that I very much respect that are underperforming, and are ripe to be bought. She frequently opines on style, value, as well as eco-friendly luxury.
When he is not working, Del Gatto catches up with his kids and spends quality time with them. In 2015, Josh teamed up with Circa Founder, Chris Del Gatto to merge I Do Now I Don’t with Chris’s latest endeavor DELGATTO. Our core business is rapidly growing. Chris Del Gatto: Absolutely. He was the chairman and CEO of Circa for more than a decade. So our marketing from the beginning was very upscale and sophisticated, and very open and transparent, with the idea that it’s not right to have this non-performing asset sitting in a box. Mara is also a guest blogger and relationship etiquette expert for the Huffington Post where she writes about topics such as engagement rings, secondhand jewelry, break-ups, dating, divorce and more. We all have heard of the expression, “Diamonds are a girl’s best friend,” right? 2015: Managing Director of De Bosscher Consulting, , Strategic & Financial Consultancy for the Diamond Industry, Managing Director. So why don’t you talk a little bit about CIRCA’s business, broadly? I would think when the economy fell apart people would be lining up.” But actually CIRCA dealt with clients who, when the economy fell apart, didn’t need their jewelry to pay their mortgage, they just stopped spending. What Happened to Wil Willis? We’ll probably have another one or two offices in the Far East and in the Middle East. I traveled around the world and I bought at auctions; I bought in London, in St. Moritz, in Geneva. We’ve won tournaments in Palm Beach and in the Hamptons last summer, in Bridgehampton, CIRCA partnered with Ralph Lauren, so the team was Circa-Ralph Lauren Black Watch, and we got to the finals in two of our tournaments. And by the age of 20, he was a partner in a diamond-cutting enterprise. So before they executed a deal, they’d say to us, “Hey, I’m doing a deal with XYZ jewelry company. Del Gatto simply adores his four children and works very hard to be a good father to them. The driving force behind the company’s rapid growth, he served as Chairman & CEO from 2001 until 2012. As Founder of DELGATTO, he is widely regarded as one of the most important innovators in the modern jewelry industry – beginning his career at age 17 as a licensed gemologist of the Gemological Institute of America, a diamond cutter in Manhattan’s Diamond District by 18, and a partner in a diamond-cutting facility by 20. My other passion, true passion, is polo. We only have six offices in the United States, but we’ll probably have another six to ten offices within the next couple of years. We had our first office here in New York City, and we started to advertise to the general public. Chris Del Gatto has successfully turned buying and selling second-hand jewelry into a luxury experience. So we work with many major watch and jewelry brands when they have excess inventories, especially right now as sales are not so great. when he tried to sell his ex-fiancées engagement ring and was offered 30% of what he initially paid for the piece.
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