How to Get the Most Money Selling Your Gold Jewelry

If you’re looking for the best place to sell gold jewelry for top dollar, you’re not alone. Any Orange resident searching for a good place to sell gold is going to want to get the most money possible for their valuable items. But how do you ensure this? It’s not enough to simply search “sell jewelry for cash near me” and pick the top result. In order to get the most money when selling gold jewelry, you’ll need to follow these three key steps.

Clean or restore your gold jewelry before having it appraised

A key part of maximizing the value of your gold jewelry is to have it in as good condition as possible when getting your valuables appraised. Restoring your jewelry can help you earn a significant return on investment and increase the value of your belongings when it’s time to sell. Gold jewelry restoration specialists such as those at Watch & Wares know exactly how to treat various precious metals and stones in order to clean them thoroughly without damaging any part of the item. However, if you’d rather not spend the extra money to have it restored, cleaning it yourself at home can help you increase the appraisal value as well. You can clean gold jewelry using a combination of dish soap and ammonia, or you can purchase a cleaning product made specifically for gold items. Be careful of any gold jewelry that contains gemstones, however, and verify that your cleaning method is safe for those specific stones. 

Know the value of your gold jewelry beforehand

Another way to ensure that you’re getting the most money for your gold jewelry is to do thorough research on the market value of your item. Untrustworthy gold buyers, of which there are plenty, will try to offer you far below a fair value in order to maximize their profits. Knowing the market value of your item and a fair resale estimate beforehand will keep you from falling prey to opportunistic gold buyers like these. If you’re selling your gold jewelry to a gold buyer rather than a private party, they will always offer you less than market value since they are taking on the time and expense of reselling the item to a private buyer. However, they should still offer you a fair value for your item that isn’t too far from the market resale value. Have your item appraised by an objective third-party or from several gold buyers in order to establish a clear idea of what a fair price range for your gold jewelry would be. 

Shop around for a good place to sell gold

When you’re parting with sentimental and valuable items such as gold jewelry, it’s important that you never act on impulse. If you’ve decided you definitely want or need to sell the piece, take the time to do thorough research on gold buyers near you in order to determine which one is the most reputable and will give you the most money for your item. Look through their online customer service reviews, verify that they’re licensed to buy gold jewelry in your state, and make sure they have a certified gemologist on staff. These are all signs of a reputable, trustworthy gold buyer, and they will be most likely to offer you a competitive price with a comfortable customer service experience. If you have multiple pawn and loan shops you’re considering, get appraisals from each of them. Any good place to sell gold will allow you to walk away after an appraisal, and you can always come back later once you determine which gold buyer will give you the most money for your item.

Stop searching for “sell jewelry for cash near me” and picking the first result you see. Instead, take the time to research the best place to sell gold jewelry and get the most money possible for your valuables. At Watch & Wares in Orange, we offer some of the most competitive rates in the area. If you’re looking for a good place to sell gold jewelry and get top dollar, allow our expert appraisers and gemologists to look over your item. There’s never any pressure or obligation to sell, and we always strive to provide a welcoming and comfortable selling experience. To schedule an appointment, give us a call today at (714) 633-2030.

Top 4 Reasons to Buy Gold Jewelry From a Pawn Shop

When most people decide they want to buy or sell their gold jewelry, they’ll begin by simply Googling phrases like “buy and sell gold jewelry near me” or “sell jewelry for cash near me”. However, this can lead you to untrustworthy and unverified websites that can dupe you out of your jewelry for a low price or make you pay too much for an inauthentic piece. When you want to buy fine gold jewelry at an affordable price, there’s no better place to look than your trusted local pawn shop. If you live in Irvine, Tustin, or anywhere else in Orange County, Watch & Wares is the best place to sell gold jewelry, which makes it the best place to buy it too! Here’s just a few of the many reasons why you should buy gold jewelry from a pawn shop like Watch & Wares.

1. It will be more affordable

Choosing to purchase gold jewelry from a pawn shop rather than a jewelry store will almost guarantee that it is more affordable. Since pawn shops are the best place to sell gold jewelry, the pieces available to purchase are secondhand and therefore sold at a discount, even if they’ve never been worn. Unless a piece is exceptionally rare, the discounts available through secondhand jewelry buyers like pawn shops are significant, which is why many Tustin residents love buying gold jewelry from Watch & Wares.

2. There’s a wide selection

Many Irvine residents love the unique experience of shopping at a pawn and loan shop because you can find treasures unavailable anywhere else. From antique pieces to contemporary classics, the wide range of gold jewelry items available from pawn shops like Watch & Wares is unparalleled. From Tiffany & Co. rings to one-of-a-kind handmade pieces, we have jewelry of all types, from all eras, and at any price point. You never know what gems you can find when you buy gold jewelry from your local pawn shop.

3. It’s guaranteed authentic

When you browse for jewelry online through independent or unverified sellers, you have no way of knowing whether the pieces are authentic until it’s too late. Pawn and loan shops like Watch & Wares authenticate all pieces before selling them, so you can have total confidence that your items are worth what you’re paying for them. We are always fully transparent about every item, from karat and quality to age and retail value.

4. It will likely be restored

Just because pawn shops sell secondhand jewelry doesn’t mean that the pieces are in bad condition. On the contrary, all gold jewelry sold at Watch & Wares goes through an extensive repair and restoration process before it’s listed for sale. From tightening clasps to polishing the metal, we restore all pieces to their best possible condition before passing them onto you.

Next time you’re tempted to Google “buy and sell gold jewelry near me” or “sell jewelry for cash near me”, remember that Watch & Wares offers some of the most exquisite gold jewelry in Irvine, Tustin, or anywhere else in Orange County. Watch & Wares is the best place to sell gold jewelry, so it’s the best place to buy it too. If you want to browse a selection of fine jewelry unavailable anywhere else in the area, stop by a Watch & Wares location today. Give us a call at (714) 731-9600 and we would be happy to schedule an appointment for you.

How to Get Money Fast by Loaning Your Valuables

Unfortunately, more Americans than ever are looking for ways to earn cash fast due to sudden job insecurity and financial instability. With many employers reducing or shutting down operations for the next few weeks or months, finding a steady income is proving to be a significant challenge for Irvine residents. However, one way to make ends meet is by taking out a collateral loan from local pawn and loan shops.

What is a collateral loan?

A collateral loan is a loan secured by something you own, such as a loan on Rolex watches, jewelry, or designer handbags. In the process of a collateral loan, the pawn and loan shops will hold onto your collateral and pay you a fair value for those items. If you repay that loan within the agreed-upon time frame, your item will be returned to you. If you fail to repay the loan, the lender will keep your collateral as payment. Many people prefer collateral loans because they have no effect on your credit. Whereas bank loans are dependent on your credit score and can damage your credit if you fail to repay, collateral loans will never affect your credit and you often don’t require a credit check to qualify. 

What can I loan?

Just about any physical asset can be used as collateral for a loan, depending on your lender. At Watch & Wares, we accept watch loans and jewelry loans as well as loans on rare items like coins, fine art, antique valuables, and other luxury goods. We begin by appraising your item and determining its current market value. Once we have offered a loan amount that you agree to, we’ll give you the cash same-day and issue you a loan ticket that clearly states all the terms of your watch loan or jewelry loan. All of our loans are four-month terms with a generous ten-day grace period. Our interest rates are state-regulated, and repaying your full interest amount allows you to extend the loan period if needed. If you fail to repay your loan on time, we will keep your used Rolex watches or other luxury items as repayment for the loan. If you do repay the loan in full, we will return your items to you right away.

Why choose Watch & Wares?

Watch & Wares has been a reliable source of luxury pawn services since 1991. We have a stellar team of industry experts and trained gemologists that can provide accurate appraisals and unparalleled customer service during the loan process. Whether you’re looking to take out a loan on Rolex watches or designer handbags, we offer some of the most competitive rates in Southern California. We offer generous loan terms, and our process is fully transparent. Other pawn and loan shops can be untrustworthy, unfair, or even unlicensed. Here at Watch & Wares, we always offer a safe, comfortable luxury experience. 

If you have used Rolex watches or other luxury goods that you’d like to loan for same-day cash, call the experts at Watch & Wares. We’ve earned the trust of your Irvine neighbors, and we’d love to earn your trust as well. To make an appointment at our Tustin location, give us a call at (714) 731-9600 or fill out a contact form on our website.

What to Do Before Selling Your Gold Jewelry

There are innumerate reasons to want to sell your gold jewelry pieces. Maybe you want to make room for new pieces in your life, or maybe you want to have a little extra money lining your pockets. The process of finding the best place to sell gold jewelry, however, can be more difficult than you might expect. If you’re planning to sell jewelry in Irvine, it’s important that you work with a trusted gold buyer like Watch & Wares and follow these crucial steps before you sell your jewelry pieces.

Make Sure You’re Willing to Part With Your Pieces

When you considering selling to nearby gold buyers, the first and most important thing is to not act on impulse. You don’t want to be wracked with regret afterward, so make sure that you’re ready to part with the pieces you plan to sell. You need to be certain that the emotional value that your jewelry holds does not outweigh the monetary value. This is why the most commonly sold jewelry is broken items or outdated pieces with no emotional attachment. Don’t worry if your jewelry isn’t flawless; at Watch & Wares, we buy damaged or broken jewelry and restore it before it’s resold. 

Research Nearby Gold Buyers

When you’re trying to find the best place to sell jewelry, always do your research. You need to get an accurate appraisal of the value of your jewelry, and that can only come from a professional jeweler. An appraisal will verify exactly what your jewelry is made up of. Most gold jewelry in the United States is made in 10, 14, or 18 karats, meaning that a certain portion of other metals is mixed in with the gold to add resilience. This will influence the value of the jewelry itself and help determine what price you can get for it. 

At Watch & Wares, our appraisals are performed by experienced jewelers and gemologists who can accurately offer you a fair price for your gold jewelry. Unlike most gold buying services, we make sure to take the design and age of your jewelry into consideration. Antique or designer jewelry can sell for more than just its value in raw materials, which we will identify on your behalf. Unlike most gold-buying services, we also offer money for gemstones set in jewelry as well. 

Be Wary of Mail-In Gold Buying Services

When purchasing or selling jewelry, it’s always better to do it in-person with a certified professional. When you work with a service that has you mail your jewelry in exchange for money, you are leaving yourself vulnerable to your items being lost in transit, or even worse, getting scammed. If you choose to work with a mail-in service, make sure that they are a certified business, and verify that they have a reimbursement policy. Of course, if you choose to sell jewelry at Watch & Wares, you don’t need to worry about these factors; we operate physical locations in Orange and Tustin, and our certified professionals are always ready to assist you throughout the selling process. We understand that jewelry is often more than metal and stones; it also has genuine emotional value. We will never try to pressure you into a sale, and we will always respect your final decision. 

Thanks to our professional and respectful approach, many jewelry collectors believe that Watch & Wares is the best place to sell gold jewelry in Irvine and the rest of Orange County. We always strive to make our customers feel comfortable and informed throughout the jewelry selling process, and we will always offer you a fair value for your pieces. If you’d like to give us the chance to sell us your jewelry, call us today at (714) 731-9600 to learn more about our services or to schedule an appointment. We also welcome walk-ins!

Which Stones and Precious Metals Are the Most Valuable

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

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.

How is Gold Tested?

Before approaching your local reseller or gold buyer with gold and jewelry wares, it’s important to know exactly how the value of your items will be calculated. Becoming a more informed buyer will prevent you from being ripped off by untrustworthy businesses and ensure that you get the best price for your items. While it’s hard to attain the same knowledge as an experienced gemologist or appraiser, this article will give you some insight into how gold is tested and valued on the resale market so that you can get the maximum cash for your gold.

Figures to Know

There are three figures you need to know in order to calculate the value of your gold accurately: the weight of the gold in troy ounces, the purity of the gold in karats, and the current gold spot price. The gold spot price is the price for one troy ounce of pure, 24-karat gold at that time. The spot price can vary day to day, and minute to minute.

Troy Ounces

Precious metals like gold are weighed in ounces. However, they are not weighed by the standard ounce (28.3 grams). Instead, they are weighed in a unit of mass used in the precious metals industry called the troy ounce. The troy ounce is equal to 31.1 grams, 9% more than a standard ounce. When weighing gold, it is essential that it is weighed as accurately as possible in order to get the best estimate of value. Our scales at Watch & Wares are certified by Orange County Field of Weight & Measure to ensure that all measurements are accurate to the industry standard.

Purity

Everyone’s heard the phrase 24-karat gold. But what exactly does that mean? 24-karat gold is the purest form of gold available on the market. Gold, especially in jewelry, is rarely 100% pure gold because it would be too soft to shape. Instead, it is often mixed with other metals such as zinc that result in a lower karat alloy more suitable for making jewelry. To calculate the purity of your gold for market value, first find out how many karats your piece is and divide that number by 24. If your item is 14-karat gold, for example, you would divide that number by 24 to get the figure 0.583. That means that your jewelry piece is 58.3% pure gold. The higher the percentage of gold in your item, the higher the value of your piece will be.

The Formula

Although gold jewelry and accessories will vary in price based on style, brand, condition, and a number of other factors, a formula can generally be used to calculate the price of the raw gold itself. This formula is (spot price / 31.1) x purity in decimals x weight of the item in grams. So, for example, if you had 1 gram of 14-karat gold, and the current spot price was $1300, you could calculate the value of that gold by doing the following calculation: (1300 / 31.1) x 0.583 x 1 = $24.37.

However, as stated, this value only applies to the gold itself, not the overall item or piece of jewelry. For full appraisals, visit a reputable jeweler or pawnbroker and have your item evaluated. Here at Watch & Wares, we always offer a fair and honest price to customers. Call us at (714) 633-2030 or come into one of our stores to get cash for your gold today!

 

The Process of Selling Gold and Jewelry

For anyone who is thinking about selling their gold or jewelry, it’s important to find a pawnbroker who will give you a quote equal to what your item is worth. Here at Watch & Wares, we ensure our customers feel valued and are happy with their selling experience. Established in 1991, we are a full-service jewelry store, and if you’re looking for the best place to sell your jewelry or gold near Irvine, look no further!

SELLING YOUR GOLD OR JEWELRY

When you walk into Watch & Wares, you will meet with one of our highly trained evaluators, and we’ll take about 5-10 minutes to asses the jewelry piece or gold. The appraisal will be based on karat, weight, and the inclusion of precious stones. If you have a certificate to prove the stones’ authenticity, bring it as well, as it will help increase the value of our offer. If there is no certificate available, our gemologist will assess its value. Once we’ve completed the evaluation, we will give you the best offer possible. Although our estimates require no obligation to sell, we do offer the best and most competitive rates in Irvine. If you like our offer, you can walk out the door with your money the same day, as we buy gold and jewelry for cash!

THINGS TO LOOK OUT FOR WITH PAWN SHOPS

We, like all other legitimate pawn shops, will ask for your ID when you pawn your items, as required by law. Any government-issued form of photo ID will work to confirm your identity. If a pawn shop does not ask for your ID, be wary of their legitimacy because they may not be licensed. Watch & Wares is a certified cash buyer and licensed pawnbroker, so you can feel secure selling your items to us.

Additionally, our scales here at Watch & Wares are certified by the Orange County Field of Weight and Measure to ensure the most accurate measurements. The more precise the weight measurements are, the better price you will get for your item! A scale that is certified by the Orange County field of Weight and Measure is crucial in selling your gold or jewelry, as an uncertified scale allows pawnbrokers to falsify the actual weight of your items.

Watch & Wares is proud to offer accurate and no obligation estimates, top-tier customer service, and a sense of security and comfortability that other pawn shops lack. With over 25 years of service and a 5-star Yelp rating, our reputation speaks for itself! Watch & Wares is here to provide you the best experience possible. For questions about pawning jewelry near Irvine, call us at (714) 731-9600.

How To Get The Perfect Vintage Engagement Ring For Your Loved One

So you’ve found “the one” — the person you want to spend the rest of your life with. You’ve been saving money for months to get that vintage engagement ring, but you’re hoping to have a little more in your pocket before you pull the trigger. Luckily at Watch & Wares, we have a couple of options that help you buy the vintage engagement ring you loved one deserves! It is FOREVER after all.

SELL JEWELRY & PAWN ITEMS

Your first option in getting your engagement ring is to sell some of your other jewelry in exchange for money. At both the Tustin and Orange Watch and Wares locations, you can bring in these valuables and get them appraised, and then decide whether or not you’d like to sell. We buy a variety of wares including jewelry, handbags, luxury watches, art pieces, and more, so you’re not limited in your options. Just make an appointment, and we will appraise your items on the spot. Getting that perfect vintage engagement ring for your loved one is something that they will cherish forever so that you can use your seller’s reward towards an investment item for your future.

We sincerely value our customers, and we always strive to give you the highest monetary value possible for your luxury items. We will provide you with a fair, accurate, and hassle-free offer, which can be payable in cash on the spot! Selling your jewelry will typically get you more money than taking out a collateral loan. However, unlike a collateral loan, the item will not be returned to you unless you purchase it back.

Some brands we buy are likely to purchase from our customers include Tiffany & Co., Bulgari, Cartier, Rolex, Omega, Breitling, and Louis Vuitton. We do not buy electronics, clothing, or weapons. To learn more about selling jewelry and pawning items with Watch and Wares, visit our Sell Jewelry page for our Orange and Tustin locations.

TAKE OUT A COLLATERAL LOAN

Your second option is through our collateral loan services. If your item has sentimental value and you do not wish to get rid of it indefinitely, consider taking out a jewelry loan (also known as a pawn loan or collateral loan). Getting a collateral loan is very simple at Watch and Wares Tustin, and you will not need to make an appointment to get an appraisal.

Bring the item(s) that you would like to use as collateral to our Tustin location and we will give you a free evaluation of what we think the item is worth. You will then be issued a 4-month loan with a ten-day grace period, and a state-regulated interest rate based on the loan amount. We do not require credit checks or income verifications, so you get the loan without any credit score risks involved.

When you take out a collateral loan, we will securely store your item until you have paid off the loan in its entirety. If you end up needing longer than the allotted amount, you can renew the loan by paying the current interest. There is also no penalty should you decide not to pay the remaining amount. Your collateral item will act as your payment and belong to Watch and Wares. We accept jewelry, luxury watches, gold, and other precious metals as collateral items so you can find the item that works best for you. You could be proposing much sooner than you anticipated with a ring that your future husband or wife will love. To learn more about taking out a jewelry loan with Watch and Wares Tustin, visit our service page.

Whether you want to sell your jewelry or take out a collateral loan, Watch & Wares is here for you. It’s personal preference on which service will work best for your engagement ring plans, and we’d be more than happy to answer any questions you may have about our services. Getting the perfect vintage engagement ring has never been easier!

For questions about collateral loans, please call our Tustin location at (714) 731-9600. For all other questions, please call our Orange location at (714) 633-2030.

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

 

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.