How the Economy Affects Gold Prices

/in , , , , /by

Gold is a material that is notorious for its constantly-fluctuating prices and the seemingly random rates at which that price changes. Former Federal Reserve Chairman Ben Bernanke once famously told Congress that, “nobody really understands gold prices, and I don’t pretend to really understand them either.” The average resident of Orange can’t be expected to comprehend the complicated logistics of pricing gold and the minutiae of economics that affect it. That being said, understanding some of the basic factors that affect the value of gold is beneficial when you want to buy or sell. 

Value of the US Dollar

The value of gold around the world is priced in US dollars, so the value of the dollar has a considerable impact on the price of gold. The stronger the US dollar is, the lower the price of gold will be. When the US economy is weaker and the value of the dollar goes down, the price of gold will generally increase. Everyone falls on hard times, and an economic downturn likely affects you in a way that makes it difficult to hold off on selling your gold for cash if it’s needed. However, if you do want to ensure that you’re receiving the most value for your gold jewelry, it’s ideal to wait for a time when the US dollar is especially strong.

Central Banks’ Gold Reserves

Countries’ central banks, or reserve banks, are the banks that manage the country’s currency, money supply, and interest rates. These banks hold large gold reserves in order to strengthen the nation’s currency, since having tangible assets tied to the currency makes it more reliable. When central banks purchase gold, it causes the value of gold to increase. Recently, Asian and European banks, especially China and Russia specifically, have begun purchasing small amounts of gold, which has resulted in an increase in gold’s value.

Inflation

Inflation, perhaps surprisingly, has a direct relationship with gold prices. When inflation rises, so does the value of gold. Inflation causes the value of that country’s currency to decrease, and so citizens tend to hold their money in the form of gold rather than a weakened currency. Therefore, when inflation remains high over a longer period of time, gold increases in demand and in price.

Commercial & Industrial Demand

Everyone knows the basic laws of supply and demand: when supply is low, demand will become higher and the value of that object goes up. When the demand for gold jewelry increases and the supply becomes more limited, the price of gold automatically rises in response. Once the demand for jewelry decreases, the price of gold will also decrease. Almost fifty percent of the world’s gold production is used in jewelry, so the values of these two items are very closely linked. If you have gold jewelry that you want to sell, wait for a time when gold prices are higher and the demand is increased in order to receive the best value for your items.

Watch & Wares has been buying and selling gold for more than twenty years, and we’ve established ourselves as the local experts. Orange residents know that when they visit Watch & Wares, they’re receiving a fair and competitive appraisal offer that directly reflects market prices. If you have gold jewelry that you would like to sell for quick cash, stop by Watch & Wares in Orange today or give us a call at (714) 633-2030 to schedule an appointment.

Which Stones and Precious Metals Are the Most Valuable

/in , , , , , /by

Whether you’re buying jewelry or selling it secondhand, the value of your piece will largely be dictated by whether it includes precious metal or gemstones. Luxury accessories almost always include precious metals and stones because they elevate the price of the piece and add to its rarity. While many consider gold and diamonds to be the most desirable materials to own in a jewelry piece, they’re actually oftentimes not the most expensive. We’ve compiled a list of some of the most valuable stones and precious metals on the market, so when you stop by Watch & Wares Tustin, you’ll know exactly why your piece is valued at its listed price.

Platinum

There are four precious metals used in jewelry: platinum, gold, silver, and palladium. Of the four, platinum is often the most expensive and definitely the most exclusive. It’s 30 times rarer than gold and used in a purer form. It’s the densest, strongest, and most non-corrosive of the precious metals, which makes it an ideal choice for those who want a low-maintenance metal whose beauty will stand the test of time.

Gold 

Because of its desirability, durability, and malleability, gold is the most popular precious metal option. It’s a traditional precious metal choice that has been coveted for thousands of years as both a jewelry base and a currency. Its value fluctuates daily and is measured by the purity of the gold used, with 24 karat gold being the most valuable with 100% gold.

Silver

Silver is the most popular jewelry base option after gold. Sterling silver is often considered the standard for high-quality silver jewelry since it’s over 90% pure silver. Silver is more affordable than gold, making it a great options for those on a budget, but its price is also much more volatile than gold. If you’re selling silver jewelry, be sure to monitor the market price before you sell to ensure you’re getting the best value possible for your piece.

Palladium

The fourth and least common precious metal option is palladium. Palladium is used to create white gold alloys in jewelry. It is combined with one or more other white metals such as nickel, platinum, manganese, zinc, or silver in order to create a stronger material than silver that replicates the same desirable silver color.

When it comes to gemstones in jewelry, many consumers value colorless diamonds for their classic appearance and high desirability. However, they’re far from the most valuable gemstone available. From colored diamonds to rare gemstones, here are some of the most valuable stones on the market.

Blue Diamond

The most expensive gemstone in the world is a diamond, but it’s not just any diamond. The ultra-rare blue diamond is valued at $3.93 million per carat. Blue diamonds consistently sell for millions of dollars at auction to some of the world’s top collectors. The world’s biggest blue diamond, – a 14.62-carat emerald-cut – was sold at auction for $57.5 million in 2016. While it’s not the most expensive jewel ever sold, it does take home the prize for the most valuable price per carat.

Jadeite

Jadeite comes in at a close second for most valuable at $3 million per carat. Jadeite is the purest, rarest, and most vivid form of jade in the world. Despite being known for its vibrant green color, jadeite can actually come in a variety of colors such as red, yellow, and black. Jadeite plays a significant role in Chinese culture, symbolizing prestige and status. 

Ruby

Ruby is one of the most sought-after gemstones due to its range of stand-out fiery red hues. The ruby is often referred to as the “King of Gemstones” and it’s become a symbol of passion and life due to its blood-like color. The most expensive ruby ever sold, a 26-carat stone named the Sunrise Ruby, was sold for $30 million in 2015, making it worth $1.18 million per carat.

Emerald

Emeralds, known for their unique green tones, are some of the most popular gemstones in the world. Most emeralds are found with flaws, so those that are found to not have any often fetch enormous figures at auction. The most expensive emerald per carat ever sold was the Rockefeller Emerald, an 18-carat gemstone that was sold for $5.5 million, or $305,000 per carat.

If you’re looking to buy or sell jewelry with precious metals or stones, stop by Watch & Wares Tustin for a free appraisal. We buy gold jewelry and offer jewelry loans if you’re not ready to part with your piece permanently. Our expert appraisers have years, if not decades, in the fine jewelry industry, and we consistently offer the most competitive rates in the area. To find out what the value of your gold jewelry is, stop by Watch & Wares today.

The Jewelry Loan Process with Watch & Wares

/in , , , , , /by

If you need cash quickly for unexpected expenses and you have valuable jewelry that you’re able to trade, collateral loans can be a great option. With a collateral loan, you don’t need a credit check to qualify, and failing to repay doesn’t hurt your credit score. You can capitalize on the value of your valuable jewelry pieces without permanently losing them when you choose jewelry loans through Watch & Wares in Tustin. 

The Appraisal Process

In order to determine the value of the loan, we appraise your jewelry and estimate its approximate value on the secondhand market. Our expert gemologists will assess your pieces based on the precious metals and stones they contain as well as brand and condition.

If your jewelry contains diamonds, our gemologists will value each diamond in order to calculate the item’s worth. They will evaluate the cut, clarity, color, weight, and condition. When assessing color, we’ll assign each diamond 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. After we’ve determined its clarity grade, we’ll weigh the diamonds in carats. This is arguably one of the most important factors since diamond prices are largely based on the weight of the diamond in carats. Once we’ve determined the value of a diamond in your weight bracket, we’ll assess the condition of the diamond and calculate the exact market value of the diamonds in your jewelry piece. We can then use this to offer you a fair and honest loan value for your diamond jewelry.

If you have gold jewelry to pawn, we calculate the value of your gold based on the weight in troy ounces, the purity in carats, and the current gold spot price. Once we’ve determined the weight and purity of your gold, we can apply a formula that calculates the exact value of the gold present in your jewelry piece. This will help us more accurately determine the value of the piece overall. 

Our Collateral Loan Terms

Once we’ve appraised your piece and established its approximate resale value, we’ll offer you a collateral loan for that amount. Should you choose to accept the loan terms, you’ll be issued a loan ticket clearly stating all of the terms so that the process is completely transparent. All of our loans are four-month terms with a generous ten-day grace period. Our interest rates are state-regulated, and paying back the full interest rate enables you to renew your loan if needed. We’ll hold on to your jewelry until you repay the loan within the agreed-upon timeframe. If you fail to pay back or renew your loan in time, we’ll keep your jewelry as repayment. This makes collateral loans a great option for those with poor credit or those who fear damaging their credit score, as failure to repay collateral loans will never affect your credit in any way. If you do repay your loan on time, then you can come collection your jewelry from our Tustin location at your earliest convenience.

Collateral loans are a wonderful tool to have if you need cash to last you until the next pay period. They allow you to cash in on the remarkable value of your fine jewelry pieces without having to permanently part with them. If you have diamond or gold jewelry that you would like to have evaluated for a loan, stop by our Tustin location today. Our expert team members have decades of experience in the fine jewelry industry and can quickly and accurately appraise your items with no hassle. We have served the Tustin and surrounding Orange County area for more than 25 years, so you can trust us to consistently offer fair loan values in a comfortable setting with exceptional customer service.

Collateral Loans on Diamonds

/in , , , , , /by

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.

Why Do Rolex Watches Increase in Value?

/in , , , , , /by

When people think of investments, they typically think of property, stocks, or bonds. These are certainly the most traditional and safe forms of monetary investment. However, some luxury items can also be investment pieces that increase in value over time. One such example is Rolex watches. Rolex watches have consistently increased in value since the brand was established, and many of their classic timepieces are now considered safe luxury investments since they are virtually guaranteed to hold their value. If you own a Rolex watch and need cash quickly, a collateral loan against your watch could earn you a lot more than you think while still allowing you to keep your investment piece for years to come.

Why Are Rolex Watches Valuable?

The short answer is that Rolex is the biggest watch brand in the world. A widely-recognized brand name adds inherent value to any item. Beyond this, several factors have caused Rolex to become a brand whose products hold their value: they’re made of high-quality materials, they’re highly in demand, they have a good brand heritage, they have an impressive list of famous customers and spokespeople, they’re easily recognized, and they’re widely available. The combination of these factors has made Rolex watches not only hold their value over time but actually increase in value. In fact, a Rolex traditionally increases in value by 5-15 percent each year.

As with all luxury goods, you have to choose the right model in order to guarantee your investment. With Rolex, sports watches such as the Submarine and the Cosmograph Daytona are desirable and classic models that can be consistently sold for the purchase price or higher. More contemporary, colorful, or customized Rolex watches, on the other hand, are more likely to depreciate in value as trends change. While some of them may end up being rare and collectible, there’s no way to guarantee this, making a classic model a much more reliable investment.

Collateral Rolex Loans with Watch & Wares

The cost of purchasing a new Rolex watch from retail stores has increased exponentially over the past three decades, even accounting for monetary inflation, and this trend is likely to continue. A classic Rolex previously purchased for $4,000 may now cost $6,000, for example, and would, therefore, be worth more than was paid for it at the time. Collateral loans are an excellent way to take advantage of this trend if you’re in need of quick cash. You can receive more money for the loan than you spent on the watch if you’ve had it for several years, which is advantageous in itself. It also means that you don’t have to sell the watch and lose your investment permanently. Following the repayment of the loan, you’ll have your item returned to your possession, and you can hold onto it for longer allowing its value to appreciate even more.

We have an expert team at our Tustin location that is qualified to appraise your Rolex and offer you a valuable collateral loan if you’re in need of quick cash. We’ll evaluate your Rolex based on the model’s value on the secondary market and overall desirability. We also take into account condition, materials, and rarity. The process is thorough but quick, and we can give you the Rolex loan value within a matter of minutes. All of our collateral loans are issued with a four-month loan term plus a ten-day grace period, and all interest is state-regulated.

Rolex’s global recognition and established history in the luxury market makes it a classic choice that people will continually desire. Rolex watches won’t go out of style like more contemporary brands might. With that risk eliminated, an investment can be made more confidently, and the value is likely to hold, if not increase. If you need cash fast but don’t want to lose your investment piece permanently, consider a collateral Rolex loan from Watch & Wares. We’ve provided luxury loans for almost 30 years, and we’re fully licensed and bonded. Visit our Tustin location near the intersection of the 55 Fwy and East 17th Street or give us a call at (714) 731-9600.

How to Avoid a Collateral Loan Scam

/in , , , /by

Cash and jewelry loans can be a great option if you need cash fast and have valuables to trade. They don’t require a credit check, failing to repay doesn’t hurt your credit score, and you get your cash instantly. Whether you want to collateralize Rolex, estate jewelry, designer handbags, or other valuable items, a short-term collateral loan can be a good option for getting cash quickly without hurting your credit or permanently losing your valuables. However, before entering into an agreement with any lender, it’s crucial that you do your research to ensure that you don’t fall victim to a personal loan scam.

Some pawnbrokers operate illegally and fail to follow loan regulation laws. They charge more than the annual percentage rate (APR), have customers sign illegal contracts, and deceive customers about the interest rates and fees on their loans. Make sure you know the signs of a personal loan scam so that you can avoid falling victim and losing both your valuables and your money. Here are a few warning signs to look out for:

  • The lender doesn’t have a license to operate in your state

States require that any lender or pawnbroker register for a license to legally trade. Make sure that you request your lender’s license number and verify their legality before entering into an agreement with them.

  • The business has no physical address listed

If the lender has no easily searchable physical address or phone number, be wary. Scammers try to make it difficult to contact them to avoid any confrontation or legal action you may pursue if you do get scammed.

  • The loan requires up-front payment

If you’re being asked to put up a payment up front, such as a processing fee, it’s likely that you’re being scammed. Scammers want to make money quickly, so running off with your up-front “fee” is a likely scenario. Legitimate pawnbrokers will never ask you for payment when processing a collateral loan, just your valuable item which they will return once you pay off your loan.

  • They have vague loan terms or are hesitant to provide them at all

Illegal loan schemes will likely charge you more interest than the state’s legal maximum rate. They add hidden fees and high rates disguised in complex wording to make as much money off of you as possible. Make sure that your lender is transparent about their fees and interest rates to avoid paying out more than you were planning on (or is legal).

  • There are no online reviews available

Legitimate pawnbrokers will have testimonials or online reviews available for your viewing. Using third-party websites such as Yelp to verify that other customers receive satisfactory service is an excellent way to ensure that you won’t be scammed later down the line. If a business has no reviews online, it’s likely because they’ve deleted or hidden bad reviews to avoid alerting potential customers to their deceptive business practices.

Pawn shop loans are a wonderful tool to have if you need cash to last you until the next pay period, or if you’re looking to build your credit score. However, it’s imperative that you perform thorough research and stay vigilant so that you avoid falling victim to a collateral loan scam. If you need a safe and reliable cash loan for jewelry or other valuables, call Watch & Wares today or stop by our location in Old Town Orange. One of our highly-experienced professionals will be happy to walk you through the process and provide you with a fair value cash loan.

Collateral Loan on Rolex

/in , , , /by

You need cash fast, and you’re thinking about selling your Rolex to get the money you need. But what if you don’t want to part ways with your watch? Luckily at Watch & Wares in Tustin, we have a collateral loan program for your Rolex, so you don’t need to say goodbye to your watch forever. Getting a collateral loan will allow you to get fast cash to use in any way you need. Whether you’re hoping to start a small business or investing in a new laptop, Watch & Wares offers same-day cash for collateral loans on used Rolex watches at our location in Tustin. Here’s what the process of a Rolex loan looks like!

The Process of a Collateral Loan With a Rolex Watch

Collateral loans are simple, straightforward, and can be used for a variety of items. When it comes to getting a loan with your Rolex, it’s even easier! Just bring in your Rolex to our location in Tustin to get connected with one of our representatives. We’ll evaluate your watch based on the Rolex’s value in the secondary market and the desirability of the watch. The process is very quick, and we can give you a loan-value within minutes.

What Could I Use a Collateral Loan For?

Many small businesses throughout Orange County use collateral loans for start-up costs, payroll, inventory investment, and other business needs. Small business owners have found that taking out a collateral loan is helpful when money is a little tight for the company. When taking out a hassle-free collateral loan with a valuable item, such as a Rolex watch, business owners can have extra cash on hand to ensure solvency, while still owning their Rolex.

Collateral loans could also be used for personal uses. Many people will take a Rolex loan to invest in an engagement ring, home improvement projects, or for tuition. If the Rolex or other item has significant sentimental value, collateral loans are the way to go, as the item will be returned once the loan has been paid off.

About Collateral Loans at Watch & Wares Tustin

Our collateral loans are issued with a 4-month loan term plus a ten-day grace period. We also offer the option of renewing your loan by paying the interest amount. The interest rate is based on the amount of the Rolex loan and will be state-regulated. There is no penalty should you decide not to pay the remaining amount of your loan, as the Rolex will act as payment.

Watch & Wares is licensed and bonded. Our reputation precedes us, and our friendly staff is here to ensure you are completely satisfied with your experience.

Have questions about taking out a collateral loan on your Rolex? Visit our Tustin location near the intersection of Costa Mesa Fwy and East 17th street or give us a call at (714) 731-9600.

collateral loan, jewelry loanAdvolve Media

Collateral Loans: Everything You Need To Know

/in , , /by

Collateral Loans Are Simple

‘Collateral’ – the term refers to any property or asset that a customer promises to the lender as a sort of a backup in exchange for a loan. Usually, collateral loan agreements say that the lender can take over the asset if the borrower fails to repay the loan according to the contract. So If you are considering taking a loan secured by a collateral or a personal asset, it is important that you understand how collateral loans work.

Learning this, the lender can take the asset you put up for collateral, but only if you fail to pay off your debt or loan. Assets can be any item of a certain value. Alternative forms of repayment accepted by lenders are numerous . The most popular option is jewelry, in which case, also called a jewelry loan.  This way, collateral assures that the lender receives full or partial payment or compensation. ‘Secured Loans’ are just collateral loans with a different name.

Examples of Collateral Loans

There are three main types of collateral loans.

Personal loans

Customers us personal loans consolidate their previous debt, finance their regular expenses, or build credit. Lenders offer these loans in two main types: secured and unsecured.

The difference between secured and unsecured personal loans is that secured personal loans are backed by collateral. In contrast, unsecured personal loans are not. Secured personal loans have lower rates of interest than unsecured personal loans because collateral reduces the lender’s possibility of default. Physical properties can all be used as loan collateral, such as vehicles, houses, or monetary assets.

Small Business Loans

Small business loans are a way to support a growing or small scale business. Office space rent, equipment, or hiring, are typical expenses for example. Collateral for such loans include real estate, inventory, and future payments by customers.

Small business owners can also use their personal assets to gain approval for a small business loan. As a result,
the lender can ask for a personal guarantee in some cases where the amount borrowed is high. That way seizure of the borrower’s personal assets (collateral) can happen if the company defaults on their loan.

Mortgages and Auto Loans

Mortgages and Auto Loans are among the most common types of secured loans customers use. In these cases, the asset being purchased (the house or car) is used as collateral for these loans, for instance. Most lenders insist that the asset be appraised to determine the exact value of the collateral. This process is extremely important for mortgage applicants as lenders approve home loans. Because they will do so only on the condition that the appraisal value of the house is in excess of or at least matches the sale price.

Advantages of Collateral Loans

You might be wary of taking a secured loan knowing that you could lose a valuable personal or business asset. But this type of loan is the best option for covering business expenses and keeping your debt in control. After all, when you know what you have to offer, you can benefit from collateral based lending.

Here are a few benefits of collateral loans:

  • High range of options for the loan.
  • Increased chance of qualifying
  • Your finances, credit history, and debt management history is not taken into consideration
  • Low rates of Interest
  • Better terms of repayment
  • Better leverage for negotiation

How the Wealthy are Using Collateral Loans

Business owners, CEOs, and the wealthy are turning in their Rolexes, jewelry, or other personal assets for collateral to high end pawn shops for quick and easy loans. As a result, these pawn shops and lending companies are noticing their affluent customers get loans of up to thousands and millions of dollars, because they are using high end collectibles serving as collateral.

The amount, in these cases, is far higher than the average loan size of $150, according to the National Pawnbrokers Association. Business owners are saying that the way luxury goods backed loans are growing does not point to financial distress related to pawn shops, instead it is to seize money making opportunities.

Real World Collateral Loan Examples

Jordan Tabach Bank, CEO of the Beverly Hills based company, The Loan Companies, says, ‘The pickup in economic growth has shifted the balance towards small business owners growing their businesses. Growth is certainly geared more towards opportunity loans than anything else.’ Jordan Tabach Bank’s company operates some high-end pawn shops, not only in Beverly Hills but also in Chicago and New York.

One of Bank’s clients was able to use his expensive watch collection to seal a commercial real estate deal. The customer had spent ten years trying to purchase a piece of property and then it suddenly came up for sale last year, and he had just one week to close the deal. Banks do not provide loans on such a short notice, but when the client showed four high-end luxury watches, Bank was able to provide him with $400,000 in just under 48 hours.

Collateral Loans Are A Tool, Not a Necessity

There is a common misconception that if people are borrowing money, they must be in a bad spot. That is not true. Most often, people whose businesses are steadily growing use collateral loans the most, for instance.

Global wealth is rising dramatically as equity markets have run into record high territory, so prices for luxury goods and important artifacts are rising. Last year, someone bought a Da Vinci painting for more than $450 million, becoming the most expensive art piece ever sold. In December,
a vintage Rolex owned by the Oscar winning actor Paul Newman, set the record for the most expensive watch ever sold at $17.75 million.

What Items Can I Use For Collateral On My Jewelry Loan?

/in , , , /by

 

If you need fast cash but don’t want to sell your valuable jewelry, taking out a jewelry loan is an excellent option for you. Jewelry loans, also known as pawn loans or collateral loans, work by trading in gold, jewelry, or other valuable items as collateral for money. Items brought in as collateral will vary in value depending on numerous factors, which will be determined by an evaluator. Here at Watch & Wares in Tustin, we’ve compiled a list of items you can use as collateral for a jewelry loan.

Items You Can Use as Jewelry Loan Collateral

Most luxury accessories can be used as a jewelry loan collateral. The amount you may receive will vary, depending on brand, quality, and the face value of the item. Some common items we accept as collateral are, but not limited to:

Rings, Earrings, Necklaces – We determine the value of jewelry depending on the clarity, carat, cut, and color of the diamond. Typically, vintage estate jewelry will be offered more money.

Luxury Watches – Some familiar brands we offer loans on are Rolex, Zenith, Oris, Omega, Girard Perregaux, Cartier, Panerai, and much more.  

Gold – Gold itself is valuable and can be used as collateral. How much we offer will depend on its quality and weight.

Pawn Loans Versus Selling Jewelry

Taking out a pawn loan and selling jewelry can both get you fast cash for the same items. However, both options have their pros and cons that just come down to personal preference when deciding between the two.

Through Watch & Wares, jewelry loans work by issuing a 4-month loan with a ten-day grace period and an interest rate based on the loan amount. This is an excellent option for items with sentimental value that you do not want to sell off. As long as you pay back the loan accordingly, there is nothing to be worried about in regards to your jewelry loan.

When selling your jewelry, there is no financial risk involved at all since there will be no loan for you to payback. Customers typically will receive more money for the item(s), but this also means that the jewelry no longer belongs to them and the piece’s title now belongs to the buyer/shop.

Ultimately, it is a personal preference and up to the customer to decide whether or not they want to release possession of their item. Regardless of what you’d like to do, Watch & Wares offers pawn loans and buys jewelry at our Tustin location.

We are a family owned and operated licensed pawnbroker business with over 25 years of experience that you can trust. Our policy is to always treat our customers with the utmost respect, which is why all transactions are 100% confidential and discreet.

Have questions about taking out a pawn loan or how you can buy or sell jewelry? Visit our Tustin location near the intersection of Costa Mesa Fwy and East 17th street or give us a call at (714) 731-9600.