How to Get the Best Price for Your Rolex Watch

There are many reasons why someone may want to sell or loan their Rolex watch. Maybe you want to make room in your collection for your holy grail watch, or maybe you want to upgrade the model. Maybe you’re in need of emergency cash, and your Rolex is a high-value asset. Whatever the reason, whether selling or loaning, there’s one thing that’s certain: you want to get the most money you can out of your Rolex. If you’re looking to get a Rolex loan and need to maximize the value of your item, here are a few tips for getting the best price possible.

Clean it thoroughly

The quickest and easiest way to increase the value of your Rolex when getting a collateral loan is to clean it. Bringing in a worn, dirty Rolex will instantly decrease its appraisal value, even if it’s in good working condition. When it comes to luxury items, it’s about more than just its functionality. Appearances are crucial to perceived value, which is why cleaning your Rolex will make it look newer and, therefore, higher in value. It will also show the buyer that you have cared for it well over its lifetime, so it’s likely to be in good operating condition. If you’re visiting a pawn shop for a watch or jewelry estimate, cleaning the item is a crucial step you need to take prior to your appointment.

Replace the band

If you’ve owned your Rolex for a long time and the band has begun to show signs of wear, it may be worthwhile to replace the band altogether before having it appraised. The band can degrade over time due to constant contact with your skin, so replacing the band can increase the value of the watch. This may not be possible if you’re looking for a Rolex loan and are in need of cash, but those seeking to sell luxury items are well-advised to take this extra step if necessary.

Find all original packaging

Of course, the bulk of a Rolex’s value lies in the Rolex watch itself. However, the packaging and fanfare that accompany it are parts of the luxury value as well. Having any original packaging such as the box or paperwork will increase the value of your item since the pawn shop will be able to prove to the next buyer that the item is authentic. You’ll still be able to sell the watch or receive a collateral loan without these items, but you likely won’t receive as high of an offer as a comparable item with its original packaging and proof of authenticity.

Do your research

There are many disreputable pawn shops that will offer you a value significantly under the true worth of your item. The best way to ensure that you receive a fair market value is to do thorough research beforehand. Look up the current retail price of your Rolex model, if it’s still being sold, and find how much secondhand models are being sold for. Having a ballpark idea of what you’re going to be offered will help you to avoid extremely low offers that are attempting to rip you off. It’s also a good idea to do research on the pawn shop that you’re planning to visit for your collateral loan appraisal. Look into their history and third-party reviews to verify that they’re a trustworthy and reputable source.

Watch & Wares has proudly served Orange County residents for more than 30 years, with consistently 5-star reviews to reflect our outstanding customer service and our commitment to excellence. If you’d like to sell luxury items or take out a collateral loan, we’re the premier choice in Southern California. Give us a call at (714) 731-9600 to inquire about a collateral loan appraisal or a jewelry estimate today. Our Tustin location can help you get the cash you need fast with some of the most competitive offers in the area.

3 Reasons to Buy Your Valentine’s Day Gifts at a Pawn Shop

It’s that time of year again when you need to start thinking about what to give to your loved one for Valentine’s Day. Whether you want to spoil him with a Rolex watch or get her that diamond necklace she’s been hinting about, finding the perfect gift that symbolizes your love and affection can be a lot of pressure. If you want to ensure you’re getting the gift that says it all (without breaking the bank), skip the jewelry store or luxury boutique this year and purchase from a pawn shop instead. It may sound unconventional, but luxury pawn shops like Watch & Wares are fully-equipped estate jewelry stores that have everything you’re looking for to give for that special someone.

1. Vast & Unique Product Selection

Orange County residents are turning to pawn shops like Watch & Wares for their Valentine’s Day gifts because of the vast selection of one-of-a-kind luxury items. Every piece we have available has a unique story behind it, as clients from throughout Southern California come to us to sell jewelry and other luxury items when they no longer feel it’s part of their story. The history and romance of an antique ring or necklace will capture your loved one’s heart more than any widely-available chain jeweler could. Gifting something that’s one-of-a-kind is a great way to make the day more special for both of you.

2. Luxury Items at Unbeatable Prices

If you’re looking to buy the perfect gift on a budget, you may find online retailers that offer to sell luxury items for unbelievably low prices. But the sale is likely just that: unbelievable. When looking for pre-owned luxury handbags or other designer items, you can come across fakes all across the internet and even brick-and-mortar consignment shops can have similar convincing counterfeits. At Watch & Wares, we verify the authenticity of all designer items so you can rest assured that you’re receiving a genuine luxury handbag. Our staff members have years of experience appraising used luxury handbags, so we can reliably authenticate items before we purchase and resell them. When it comes to saving money, a great deal can sometimes turn into a great disappointment. At Watch & Wares pawn shop, all items are verified for authenticity and guaranteed to be of the highest quality.

3. More Enjoyable Purchasing Experience

Spending time browsing in a luxury retail store can often leave you feeling like prey being stalked in the wild. Salespeople follow you around, a new one asking you if you need assistance every 60 seconds like clockwork. It’s an experience universally agreed to be uncomfortable, and it can even be enough to drive you out of the store without a purchase. On the other hand, some secondhand retailers can leave a bad taste in your mouth from poor customer service and lack of attention. It’s the balancing act that we at Watch & Wares strive to achieve. We pride ourselves on offering a luxury shopping experience that still feels comfortable. We never place any pressure on you to buy or sell an item, and our first priority is making sure that you feel confident in every purchasing decision you make in our store. We offer the one-on-one attention and luxury service of a designer boutique but without the overbearing pressure to complete a transaction. If you want an enjoyable purchasing experience that will leave you as happy as the gift recipient this Valentine’s Day, choose a pawn shop like Watch & Wares for your holiday shopping.

Watch & Wares is proud to be Orange County’s top choice for secondhand luxury goods. We buy and sell luxury items including fine jewelry, Rolex watches, pre-owned luxury handbags, and more. If you’re looking for the perfect Valentine’s Day gift for a special loved one in your life, visit our locations in Orange or Tustin to browse our expansive inventory. Call us today at (714) 633-2030 to make an appointment or to inquire about any specific items. We look forward to helping you in any way we can.

How to Relieve Holiday Debt with Collateral Loans

If you’re in need of holiday spending money and you’re looking for the best place to sell gold jewelry for cash, reputable luxury pawn shops such Watch & Wares are a great solution. We buy all types of gold and diamond jewelry as well as other luxury goods. However, we also offer generous collateral loans if you need cash but you’re not ready to part with your valuables. If you’ve been contemplating whether to sell diamond jewelry in order to relieve holiday debt this year, consider a collateral loan from Watch & Wares instead.

What is a collateral loan?

A collateral loan is a loan secured by something valuable that you own, such as fine jewelry or designer watches. Once your valuable item has been assessed for fair value, you’ll receive an equivalent loan value in cash and the lender will keep your asset as collateral. Once you repay the loan in full, you’ll receive your item(s) back. If you fail to repay the loan, the lender keeps your item indefinitely as repayment for the loan. Collateral loans are often preferred over other loan types because they don’t require a credit check and won’t affect your credit score if you fail to repay the full loan value. 

What is acceptable collateral for a loan?

We accept many different forms of collateral as the basis for a loan. Items we accept include contemporary and antique jewelry, Rolex watches and other designer timepieces, luxury handbags, fine art, rare coins, and other valuable collectibles. If you have any questions about a specific item you’d like to put up as collateral, speak to a team member and we would be happy to assist you and appraise any acceptable items.

What are the loan terms?

Watch & Wares is a premier choice for collateral loans because we offer generous and fully transparent loan terms that maximize your chance of full repayment. We fully comply with state regulations that control interest rates, how collateral is held, and loan repayment periods, ensuring that you are fully protected throughout the process. We issue loan tickets with every transaction, which clearly state all loan terms so you know exactly how the process works. Our loans are for a standard four-month window with a 10-day grace period. If you fully repay the loan in that time, we promptly return your collateral. If you fail to repay the loan, we keep your item as repayment. You can also choose to extend the loan by paying the interest owed in full. We work with you to give you flexible options that meet your needs and help you relieve holiday debt with minimal stress.

Why Watch & Wares?

We’re not just the best place to sell gold jewelry, we’re also the best place to loan it. We buy, sell, and appraise a wide variety of fine jewelry, designer watches, and luxury handbags, so we can conduct swift appraisals that result in some of the most competitive loan values in the area. We have a stellar team of industry experts and gemologists trained to appraise high-value items with unparalleled customer service. We also conduct all loans with the utmost discretion and transparency, ensuring you a comfortable and hassle-free luxury collateral loan experience. 

If you’re not ready to sell diamond jewelry that’s been in your family for years, but you need cash now, consider a Watch & Wares collateral loan instead. It’s a safe and secure option that preserves your good credit while getting you the money you need when you need it. To find out more about our collateral loans or to schedule an appraisal today, give us a call at (714) 731-9600. One of our friendly and knowledgeable staff members would be happy to assist you.

How to Be A Smart Consumer During the Holidays

It’s undeniable that the holiday season has become inextricably linked to shopping. Whether buying Christmas gifts for others or doing sales shopping for yourself, it’s arguably the most consumerist time of year. With a recent increase in awareness around sustainability, as well as extra cost-consciousness due to the pandemic, many shoppers are looking for ways to be smart consumers during the holidays. If you want to save money and do your part to reduce consumer waste while still indulging your friends and family in luxury gifts, here are a couple of tips for staying under budget.

Avoid retail jewelry stores

Jewelry and watches are incredibly popular holiday gifts, as they have virtually universal appeal. If you’re looking to get your husband a Rolex or your mother a diamond necklace, avoid shopping retail this year and instead opt for secondhand and antique options. Estate jewelry stores and reputable pawn shops such as Watch & Wares have vast selections of stunning, one-of-a-kind jewelry that will tell your special someone how much you appreciate them. All jewelry is certified and restored to its best condition, and all of our pieces are available at incredible prices that will keep you under budget. If you want the best in quality and price, avoid retail jewelry stores this holiday season and browse antique jewelry and watches from Watch & Wares.

Consider pre-loved luxury handbags

A stunning designer handbag is an incredible gift that will light up the eyes of anyone in your life. However, luxury handbag prices increase every year, and the quality rarely increases with it. If you want high-quality pre-owned luxury handbags that won’t break the bank, Watch & Wares Couture has a wide selection of used designer handbags. Luxury pre-owned designer handbags are often in near-pristine condition, but you can save thousands of dollars over retail value. Not only that, but purchasing pre-owned luxury handbags is a more sustainable choice, keeping goods out of landfills and giving them a longer life. If you want to find your mom, wife, or friend the perfect holiday gift this year, luxury pre-owned designer handbags are a thoughtful choice—in more ways than one.

Being a thoughtful consumer not only saves the planet, but it can often save you considerable money as well—all while recycling premier-quality goods that will leave their recipients in awe. If you’re looking for a unique and luxurious holiday gift for someone in your life, look no further than Watch & Wares. We have everything you need to cross off your holiday shopping list, from antique jewelry and Rolex watches to used designer handbags. To find out more about our product selection or to schedule an appointment with a friendly and knowledgeable sales associate, give us a call today at (714) 633-2030. We look forward to assisting you in any way we can!

5 Ways to Maintain Your Lustrous Jewelry

Everybody wants to keep their favorite pieces of jewelry looking brand new and in good condition. However, techniques to maintain jewelry can vary depending on the type of piece. Platinum, diamond, gemstone, gold, and pearl pieces of jewelry each have their own unique processes. If you’re looking to maintain your jewelry’s shine and quality, here are five effective methods that you can try at home. 

Cleaning Platinum Jewelry

Platinum jewelry does not require much maintenance or resources to retain its appearance. If you do want to polish your platinum jewelry you can use a chamois cloth along with a solution of moderately warm water mixed with mild dish soap.

Diamond Jewelry Care

Diamond is a trendy and attractive gemstone that can make for stunning jewelry. While a diamond can be a tough and strong material, it can still be damaged if you are not careful. A good solution to help maintain a diamond jewelry’s shine involves mixing a quarter cup of mild dish detergent with one cup of moderately warm water. Then, place the jewelry in the solution for twenty to thirty minutes. Once enough time has elapsed, you then use a toothbrush to softly brush the jewelry to remove any dirt that may be on it. Exercise caution when brushing and do not use too much force. 

Cleaning Gemstone Jewelry

Because of the variety and large quantity of gemstones, there are different approaches that a person can take in cleaning their jewelry. Some recommended options to wipe gemstone jewelry are lint-free cleaning cloths or ones made from microfiber. It should be noted that hot water should generally not be used with gemstones.

Maintaining Gold

Cleaning gold jewelry is generally uniform no matter which type you own. A standard and efficient way to clean your gold jewelry is with a soft chamois cloth. If your jewelry has tarnished, you can soak it in a solution of moderately warm water mixed with dish soap and a few drops of mild dish detergent. Leave the jewelry in the solution for a short period and then use a lint free cloth to gently wipe it.

Maintaining Pearls and their Shine

The cleaning of pearl jewelry is unique from that of others as it does not heavily rely on the use of water. Use of a chamois cloth is one method of keeping your pearls clean. For more excessively dirty pearl jewelry, lightly wet the cloth with moderately warm water that’s been mixed with mild dish soap and gently wipe. 

There are several effective methods that can help maintain your jewelry’s shine in between professional services from your local jeweler. Watch and Wares provides a variety of exceptional services including our stellar jewelry repair. Our experienced team uses the latest modern tools and equipment to help return your jewelry to its pristine form. We offer free estimates on all jewelry repairs so that you have all available knowledge prior to making a decision. For more information about our services, give us a call or contact us online by filling out an informational form or through our provided contact information.

7 Things Most People Don’t Know About Rolex Watches

Rolex is one of the most recognizable and sought after luxury watch brands in the world. Because of their intricate craftsmanship and impeccable quality, Rolex watches have become iconic timepieces unparalleled in stature. However, despite its prominence, there are still things about the Rolex brand that people are unaware of. Here are seven interesting facts most people don’t know about Rolex watches. 

The Company Was Originally Named After Its Founders

The company’s original name was Wilsdorf & Davis. Then in 1908, the Rolex brand name was registered and the company’s name changed. 

Rolex Was Originally Founded in London

Despite popular belief, Rolex was not founded in Switzerland. Instead, it was founded in London by German businessman Hans Wilsdorf and his partner Alfred Davis. 

Most Rolex Watch Parts Are Made In-House

Because Rolex wants as much control in the creation process of their watches as possible, most of their watch parts are made in-house. This allows them to oversee each step in the creation of their watches to ensure their quality. 

Rolex’s Four Factories

Rolex owns four manufacturing factories with each playing a significant and unique role in the watch creation process. All four factories are located in Switzerland. Specifically, they’re situated at Plan-Les-Ouates, Les Acacias, Bienne, and Chêne-Bourg. Each factory is tasked with manufacturing their assigned parts.  

Rolex Operates a Foundry

The company owns a foundry where they make all of their gold that they use for their watches. This speaks to Rolex’s commitment to going above and beyond what is expected. There’s no other watch company out there that is making their own gold in their own foundry. 

The Rolex Logo Was Trademarked in 1925

The iconic Rolex crown logo that so many recognize and associate with luxury and wealth was patented in 1925. As Rolex has risen in stature and popularity, their logo has become as identifiable as some of the other top brands in the world. 

All Rolex Watches Are Tested By the COSC 

Rolex has all of their watches tested by the Swiss independent testing institute, Contrôle Officiel Suisse des Chronomètres, to ensure the accuracy and precision of their watches. Each Rolex watch is certified by the COSC. 

For high-quality watches like Rolex and stunning jewelry, try Watch and Wares. Watch and Wares offers unmatched customer care that is guaranteed to leave you satisfied. Our decades of experience sets us apart and our friendly professional team provides excellent one-on-one service. For more information about our selections, give us a call or contact us online by filling out an informational form or through our provided contact information.

Top Questions to Ask When Selling Jewelry & Luxury Items

The process of selling your jewelry and luxury goods can be a stressful experience. There’s quite a bit of information to absorb and you never quite know if you’re getting the best deal for your valuables. However, at Watch and Wares we want to ensure you feel confident in any sale process. If you’re attempting to sell jewelry or any luxury item, here are the questions that you need to be asking. 

Questions to Ask When Selling Jewelry

What is the current demand for my estate jewelry? 

Having an educated estimate of what your estate jewelry is worth is key to ensuring that you receive a fair offer for your items. Do the prior research and then ask your buyer this question when the time comes. 

What measurement are you using to weigh your gold?

The general consensus method of measuring gold is in grams. You might also see some gold and jewelry buyers use troy ounces so it’s best to keep in mind conversion rates between the two measurement systems. If your buyer is using another method, then you could find yourself being paid less than what you deserve. 

What’s the value of my gold jewelry?

As with other types of jewelry, you want to have an idea of how much your gold jewelry is worth prior to meeting with a buyer. If possible, measure your gold jewelry and get an accurate measurement to help determine its value before receiving a valuation. 

Questions to Ask When Selling Luxury Items

Can you tell me about the quality of my handbag’s leather? 

Expensive designer handbags will have high-quality leather while a knockoff will have one of lesser quality. By discovering your handbag’s leather quality, you will have a better grasp of its value. 

Can you tell me about my handbag’s stitching? 

A handbag’s stitching is indicative of its quality. Higher-end designer handbags are carefully hand-stitched with delicate touch and care. Ask your buyer about your handbag’s stitching to help with your valuation. 

If I have the original box and papers of my watch, will I get a bigger price? 

The answer to this question should usually be yes. Having the original box and papers for your watch will raise its value and help you earn more on your transaction. Make sure to mention this to your buyer to ensure that it’s accounted for in their valuation. 

Part of making the process of selling your jewelry and luxury items easier is finding the right partner. You want to have a trusted buyer that will treat you fairly and with respect. If you’re looking for a place to sell luxury items or jewelry, give us a call and come to one of our established locations in Orange at Plaza Square or on South Glassell Street. Watch and Wares provides the ideal environment for you to sell your goods and receive a fair financial valuation in return. For further consultation about our services, contact us online by filling out an informational form or through our provided contact information.

What is Estate Jewelry & Why Should You Buy It?

For residents of Irvine and the surrounding Orange County area in search of jewelry that is both elegant and meaningful, estate jewelry fulfills both criteria with their memorable distinctiveness. Estate jewelry are pieces of jewelry that have been previously owned. An increasingly popular option for those seeking originality, they come from various backgrounds each with their own unique history and special charm. With all of that being said, what incentive is there for buying estate jewelry? Estate jewelry comes with several benefits that customers will find enticing. Here are some of the reasons as to why you should consider making estate jewelry your next purchase. 

Affordable Pricing

Because estate jewelry is previously owned, they often come in more affordable prices. Customers are able to get high-quality jewelry at a reasonable cost. You can find such reasonably priced jewelry at any of Watch and Wares several locations.

The History Behind Them

Part of the specialness and endearing quality to estate jewelry is the history behind them. Each piece of estate jewelry has a different story to them that makes them especially meaningful. This gives them a genuineness and earnestness that some newer jewelry simply do not have. Owning a certain piece of estate jewelry means that you’re now part of that story and you’re writing its future. 

Styles of the Past 

Estate jewelry’s unique and enticing nature comes from their differing origins and the periods from which they come from. Customers are given glimpse into designs and aesthetics that certain time periods revered and prioritized. 

Jewelry is Durable

Jewelry is generally a durable product. As long as they are reasonably maintained over time with small repairs made periodically, older pieces of jewelry will closely resemble their newer counterparts and in certain instances be indistinguishable in quality. 

Well-Crafted and Detailed

Estate jewelry tends to be well-crafted having been meticulously made and thoughtfully designed. Because of the care that’s been put into them there’s a uniqueness and special nature to each estate jewelry which isn’t always the case for newer pieces of jewelry. 

Estate jewelry is a viable option for those looking for something more affordable yet still stunning in appearance. Well-crafted and genuine, estate jewelry make for a wonderful addition to any collection. Watch and Wares has a beautiful selection of estate jewelry that will surely satisfy any of your needs. Our diverse offerings include jewelry from the Victorian, Edwardian, Art Nouveau, Art Deco, Mid-Century Retro Modern, and Contemporary periods. For further consultation give us a call or contact us online by filling out an informational form or through our provided contact information. 

What is Acceptable Collateral for a Loan?

If you’re a Tustin resident in need of quick cash, you can get the money you need same-day with a collateral loan from Watch & Wares. With collateral loans, you don’t need to undergo a credit check, and repayment will never affect your credit score. Instead, the items used as collateral will be kept by the lender if repayment isn’t made on time. Many Tustin residents prefer collateral loans over any other type of loan because it’s low-risk and you’ll receive the money instantly. However, what items can be accepted as collateral is often unclear and varies widely between lenders. When you visit Watch & Wares, here are the items that we can accept as collateral for a collateral loan.

Fine Jewelry

When finding a trusted jewelry loan expert, it’s not enough to simply Google “jewelry loans near me” and pick the top result. When it comes to a sentimental and valuable item such as gold or diamond jewelry, you want to find a lender that is trustworthy and will offer you the most for your items. Watch & Wares accepts all kinds of jewelry pieces as collateral, including antique jewelry, estate jewelry, contemporary designer jewelry, and more. Our team of experienced appraisers have worked at brand names such as Tiffany & Co., so they can give you some of the most accurate appraisals in the industry. We offer highly competitive rates that will get you the cash you need right away.

Designer Watches

If you have a Rolex watch that you need to loan for cash, come to Watch & Wares. We accept Rolexes, as well as all kinds of designer watches, as collateral for a collateral loan. We know how meaningful it can be for someone to purchase their first Rolex or Patek Philippe, so a collateral loan from Watch & Wares allows you to keep ownership of your designer watch while still receiving the cash you need right away. As soon as you repay the loan, your Rolex will be promptly returned to you in the same condition that it was received. 

Luxury Handbags

Many women enjoy purchasing luxury handbags not only because they’re beautiful, but also because they know that certain styles retain their value well over time. Designer handbags from brands like Chanel, Hermes, and Louis Vuitton can often have a higher current retail value than the price they were originally purchased for. This makes them a great asset for collateral loans. Watch & Wares accepts handbags from Chanel, Hermes, Louis Vuitton, Saint Laurent, Prada, Gucci, and more. If you have a valuable designer handbag that you’re not ready to part with, but you need cash right away, opt for a collateral loan from Watch & Wares.

Rare Art & Collectibles

Rare art and collectibles are a passion for Watch & Wares. We constantly strive to find the rarest, finest pieces in the best condition, so we happily accept rare collectible pieces as collateral for collateral loans. Items we accept include rare coins, fine art, Fabergé eggs, Tiffany silver, and much more. Make an appointment with one of our appraisal experts in order to determine whether your rare collectible is acceptable collateral and what the loan value of your item would be.

If you’re looking to use your gold jewelry or other luxury goods for a collateral loan, stop Googling “jewelry loans near me” and instead visit the Tustin experts in collateral jewelry loans. Watch & Wares accepts all kinds of fine jewelry, designer goods, and rare collectibles as collateral, so you can get same-day cash with any of your valuable accessories. Give us a call today at (714) 731-9600 to schedule an appointment for a free, no-obligation appraisal with one of our experienced staff or expert gemologists.

Collateral Loans on Diamonds

If you have loose diamonds or diamond jewelry that you don’t want to permanently part with, but you need money quickly for unexpected expenses, consider taking out a collateral loan on your diamonds. Our Tustin location performs diamond appraisals and can provide same-day diamond-backed loans for you. Watch & Wares is fully licensed and bonded, and we offer some of the most competitive prices in the area.

The Diamond Appraisal Process

In order to establish the value of the loan, we appraise your diamonds to see what their value on the secondhand market is. Our expert gemologists will assess your stones based on several factors: cut, clarity, color, weight, and condition.

The shape or cut of the diamond is important when assessing value. For example, round diamonds tend to hold the most value in comparison to other, more specialized shapes. The diamond’s color is also assessed, and we assign it a letter on the GIA color scale, with D being the whitest in color and Z being the most color tinted. Clarity will also be assessed according to GIA standards. Our gemologist will evaluate the diamond through as many facets as possible to ensure that they can see all of the present inclusions and identify any blemishes. After we have determined its clarity grade, we take the weight of the diamond into consideration. Diamond prices are based on the weight of the diamond in carats. If your diamond is set in jewelry, we will estimate the weight of it by measuring the diameter and depth down to the millimeter. Once we have determined the value of a diamond in your weight bracket, we will assess the condition of the diamond. Although diamonds are generally in good condition due to their extreme durability, they can sometimes break in areas over time. It is relatively rare for a diamond to be in poor condition, however.

Once we have taken all of these factors into consideration, our expert team will be able to determine the exact market value of your diamond and offer your a fair and honest loan value based on its value. If your diamonds are set in a jewelry piece, the value of the overall jewelry piece will also be evaluated and added to the loan total. For example, vintage estate jewelry tends to have a higher value.

Collateral Loan Terms

After one of our highly-trained gemologists assesses your piece and determines its market value, we’ll offer you a loan amount. There is no obligation to accept it, but we offer our best price right away. All of our collateral loans are four-month loans with a ten-day grace period. Our interest rates are based on the value of the loan, and they’re always state regulated. Should you choose to accept the loan plan offered, we’ll issue you a loan ticket that contains all of the relevant information about your loan terms. We’ll then hold on to your diamonds until you repay the full loan within the agreed-upon four-month timeframe. You also have the option to renew your loan by paying the entire interest owed. If you fail to pay back or renew your loan on time, then we will keep your diamonds as repayment. This makes collateral loans a good option for those with poor credit or those who fear damaging their credit score, as failure to repay collateral loans never affect your credit. If you do repay your loan in full, you can then come in and collect your diamonds at any time.

You can get a substantial amount of money quickly by borrowing against your diamonds with a collateral loan from Watch & Wares. If you have loose diamonds or diamond jewelry that you would like to have evaluated for a loan, stop by our Tustin location and allow one of our experienced appraisers to determine the value of your piece. We have been serving the Orange County area for more than 25 years, so you can trust us to consistently offer competitive prices with transparent processes and premium customer service.