CIRCA Jewels to merge with Worthy in a $100m deal.

CIRCA Jewels, an international buyer of pre-owned jewelry, gemstones and watches, agreed to merge with Worthy, a premier online auction house, in a $100m deal. "Combining with Worthy creates an even larger, more powerful platform with greater scaling opportunities. Consumers are embracing luxury jewelry and watch resale now more than ever, and our combined platform is ideally positioned to capture this demand. Together, we will empower sellers by offering greater flexibility, either through in-office purchases or online auctions. Our category expertise and deep product knowledge creates a significant advantage over generalist resale platforms and will allow us to continue expanding the market, while bolstering our leadership position in the space," Oren Schneider, CIRCA CEO.