Jared to Offer Luxury Watch Trade-In

RAPAPORT... Jared The Galleria of Jewelry is launching a trade-inprogram for luxury watches at its US stores. Partnering with Crown & Caliber - an online marketplacefor pre-owned luxury timepieces - the jeweler will allow customers to exchangetheir watches for in-store credit, cash, or a new model based on a Crown &Caliber price quote, Jared said last week. Clients can do the trade-in at any Jared store, or online viaJared's website, by filling out a quote request for Crown & Caliber, which willreply with an offer by email. Customers can then choose whether they want cash,or a Jared store credit worth 20% more than the offer price. On accepting theoffer, the customer mails in the watch for inspection, and in return receivesthe cash payment or gift card by mail. "Guests who are interested in trading in a pre-ownedtimepiece now have a convenient and trusted solution, along with theopportunity to take advantage of our high-quality selection of timepieces andfine jewelry," said Erik Miller, Jared's vice president of divisionaloperations. The Signet Jewelers subsidiary will accept avariety of high-end brands for trade-in, including Rolex, Omega, Tag Heuer,Breitling, Cartier, IWC and Patek Philippe.