What to Know Before Selling Your Gold Jewelry for Cash

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There can be many reasons why you might be looking for a good place to sell gold jewelry; maybe you’ve encountered financial hardship and need quick cash to get you to your next paycheck, or maybe you’ve inherited jewelry that isn’t to your taste. Whatever your reason to sell your gold jewelry is, going about it can be tricky business. There are many scammers or businesses who offer you unfairly low values, and it can be difficult to know who to trust and what your options are for selling. Before you try to sell your gold jewelry for cash, here are a few things to ensure you make the best decision possible.

How much is my gold jewelry worth?

Many dishonest and unreputable gold buyers will offer you incredibly low amounts for your valuable gold jewelry. To ensure that you get the fairest value possible, you should have a good idea of what your gold jewelry is worth and how the value of gold jewelry is measured. The three main components of gold appraisal are gold weight, gold purity, and the presence of any jewels. 

The weight of the gold is measured in troy ounces, with one troy ounce weight 9 percent more than a standard ounce. Gold purity is measured in karats, with 24-karat gold being the purest and therefore most expensive gold on the market. To calculate the price of your piece’s worth in terms of raw gold, the formula is (gold spot price / 31.1) x purity in decimals x weight of the item in grams. For example, if you had 1 gram of 14-karat gold, and the current spot price (also known as the market price of gold) 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, if your jewelry contains any precious jewels, this figure will be even higher. Although certain pieces can be more or less expensive depending on their time period, brand, condition, and more, this calculation will help form a good baseline for your appraisal expectations.

Where to sell my gold jewelry for cash

As we mentioned, there are a lot of untrustworthy gold and jewelry buyers everywhere. So, how do you know where to find trustworthy places to sell gold near you? Before selling to anyone, do your research on local gold buyers and their reputations. Search for reviews on Yelp and Google, check their rating with the Better Business Bureau, and ensure that they are licensed and insured. 

Another good way to gauge trustworthiness and expertise is to see how long the company has been in business and whether they have certified jewelers and gemologists on staff. Here at Watch & Wares, we have curated a team of expert jewelry appraisers and gemologists with decades of experience working with some of the biggest names in the diamond jewelry industry. You should also collect appraisals from multiple businesses before committing to selling. A reputable pawn shop or gold buyer will offer you an appraisal without any obligation to sell, allowing you to collect multiple appraisals and assess the best offer. Watch & Wares is proud to offer no-obligation appraisals that are often the most competitive rates in the Orange County area.

What if I don’t want to sell my gold jewelry but need cash?

If your jewelry is sentimental to you or you’re just not ready to part with it yet, you don’t need to sell your gold jewelry to get cash fast. Watch & Wares offers collateral loans on gold jewelry, diamond jewelry, designer watches, and other luxury goods. We offer generous four-month loan terms with a 10-day grace period, and our interest rates are always state-regulated. 

To find out more about our jewelry collateral loans or how to sell your gold jewelry, contact Watch & Wares at (714) 731-9600 or fill out our online contact form today. We would be happy to schedule an appraisal appointment at our Orange or Tustin locations for your earliest convenience.

What to Know About Luxury Watch Repair Services

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A luxury timepiece is an investment. It’s something you can own for your entire lifetime and pass it down for generations. Although our society has become notorious for fast fashion, low-quality products, and excessive waste, investing in a designer watch can help you reduce your carbon footprint and save money in the long term. However, to keep your designer watch running smoothly for decades, you’ll need to take proper care of it through watch servicing and watch repair. If you have a Rolex watch or other investment pieces, here’s what you need to know about luxury watch repair services.

Make watch servicing a priority

The best way to extend your Rolex watch’s lifespan and avoid watch repair is by having it regularly serviced. Just like a car, your luxury watch needs to be served by an expert at regular intervals so it can maintain its best performance and stay running for as long as possible. How often it needs to be serviced will depend on how often you wear it, what activities you do while wearing it, and how it’s being stored when you aren’t wearing it. Experts generally recommend having your Rolex watch serviced every three to five years.

Signs that your watch needs servicing

Luxury watches are designed to last for years without issue, so you may forget to schedule routine servicing. However, you should keep an eye out for signs that your watch needs to be serviced to avoid more costly Rolex watch repair. If you notice any difference in your watch’s performance, such as faulty timekeeping, you should bring it in to a watch repair expert right away. You should also have it looked at if you notice any dampness or condensation on the glass. Certain electronic items such as speakers, X-rays, and microwaves can also cause your watch to act erratically if it’s left near them, so take your watch to a repair expert if this occurs. Even if you don’t notice any obvious signs of wear and tear, periodic watch services such as battery replacement, cleaning, detailing, glass replacement, band replacement, and more are recommended and can help you enjoy your Rolex watch for even more years to come.

Don’t DIY watch repair

If your Rolex watch is dirty or showing signs of wear and tear, never try to repair the watch at home. Watches are intricate machines that need to be handled by professionals in order to be reliably repaired without risk of further damage. By cleaning the watch yourself, you’re likely to void the warranty, and the risk of breaking or further damaging your timepiece is high. Instead, take your watch to a Rolex watch repair expert such as Watch & Wares. Watch repair experts will have decades of experience disassembling, cleaning, and reassembling all types of watches, including Rolexes. Luxury watches can have more than 500 tiny, intricate parts to put back together, so it’s no DIY project. Trust your Rolex watch to only the best watch specialists in the industry to ensure that your watch repair is performed properly.

If you’re in need of expert Rolex watch repair, there’s no better choice for Orange County residents than Watch & Wares. We combine our state-of-the-art techniques with time-tested craftsmanship to provide a watch repair experience like no other. We use only genuine parts and manufacturer-recommended repair techniques, so you can trust that you’re in good hands. To find out more about our watch repair services or to schedule a Rolex watch repair appointment, contact us at (714) 633-2030 or fill out our online contact form today.

What to Do If Water Gets Into Your Luxury Watch

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If you own a luxury watch, then you likely take great measures to look after it and prevent any damage. However, some amount of damage is almost inevitable when it comes to wristwatches since they spend so much time on your body. From being hit against furniture to being dropped on the ground, your Rolex watch goes through a lot. However, some of the most significant damage it can suffer is water damage. If your Rolex watch has been caught in the rain and you fear it’s suffered water damage, keep reading to find out what to do to protect your investment and save your luxury timepiece.

What if you have a waterproof watch?

Some luxury watches gloat that they can be taken to depths as much as 500 meters underwater. However, the unfortunate truth is that no watch is 100% waterproof. While waterproof watches may be able to withstand one or two dips in the pool, long-term use of your timepiece underwater could result in significant damage. This is because the waterproofing feature is in the watch’s O-ring, a silicone gasket that acts as a seal against water. However, the O-ring doesn’t stay perfectly intact forever; it will likely deform after some time, causing water to enter your watch and potentially damage it. If you have a waterproof watch, try to use it in water as little as possible. Avoiding unnecessary trips in the pool with your luxury watch on will help you avoid costly Rolex watch repair in the future.

What not to do if your watch is water damaged

Many people’s first instinct — fueled by old wives’ tales — is to leave their watch in a bag of rice or on the radiator. Many people place their watch in a sunny spot such as a windowsill, hoping that the heat from the sun will allow the water to dry faster and minimize any water damage to their timepiece. However, this can often do more harm than good. Keeping your watch in extreme heat — such as directly in sunlight for hours on end — can cause the parts to expand, not only warping them but also potentially allowing that water to enter the dial and cause more damage. The heat can also dry out the watch’s lubricant, creating friction on the gears. If your Rolex watch is water damaged, avoid your instinct and instead invest in professional Rolex watch repair for long-term savings.

How to repair a watch with water damage

If your watch has suffered water damage, the most important factor in saving it is time. Getting your watch to a Rolex watch repair professional as quickly as possible will increase its chances of being fully repaired — and at a lower cost. As soon as the damage occurs, dry your watch with the low-cool setting on a hair dryer to dry out the exterior of the watch. Avoid a high heat setting, as this could further damage the watch’s body. Once the watch is dry, bring your Rolex to a Rolex watch repair professional such as Watch & Wares to have it assessed for damage. Our watch repair experts can tell you whether your watch has been damaged and, if so, how it can be repaired. 

If you’ve had water get into your luxury watch recently, turn to the experts at Watch & Wares for top-tier Rolex watch repair. Whether your timepiece is modern or vintage, waterproof or not, we’ve got you covered. We stand by our repair work 100% and offer a one-year warranty on all full clean and overhaul services. To schedule a Rolex watch repair appointment, contact us at (714) 633-2030 or fill out our online contact form today.

Frequently Asked Questions About Inherited Jewelry

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If a family member or loved one has passed away and left you with inherited jewelry, you may be struggling with what to do with it. Such sentimental pieces can be difficult to part with, even if they’re not to your taste, and many estate jewelry owners want to ensure that their special pieces are going to a new home rather than merely being melted down. Others may want to keep the piece forever, but they need money to get them through hard times and are seeking a collateral loan. Whatever your situation, inherited jewelry offers an emotionally complex situation that comes with more questions than answers. If you’re struggling with what to do with your inherited jewelry, keep reading for answers to some of our most frequently asked questions.

What can I do with inherited jewelry?

Before anything else, many jewelry inheritors want to know what their various options are. If you love the piece and want to wear it for years to come, Watch & Wares’ jewelry repair store can help restore your estate jewelry to like-new condition. We can replace a broken clasp, resize a ring or chain, replace a missing gem, or polish the jewelry back to its original shine. If you want to keep the piece but need some extra cash for the time being, collateral loans are a great option. Using inherited jewelry as collateral allows you to receive same-day cash with the opportunity to reclaim your item after the loan is fully repaid within the four-month time frame. If you’re ready to part with the jewelry and find it a new home, you can seek out places to sell jewelry for cash. Watch & Wares allows you to sell luxury items for a competitive price; simply schedule an appraisal at one of our two Orange County locations.

How much is my inherited jewelry worth?

The next question that many people have is how much the inherited jewelry is worth. Whether you’re looking to sell luxury items or take out a collateral loan, knowing the value of your piece is key to receiving a fair offer. Schedule an appraisal with several reputable jewelry and loan pawn shops and compare the offers to discern the average secondhand value of your piece. Some untrustworthy jewelry buyers may try to offer you far less than your jewelry is worth, so make sure that you know what you’re willing to accept. If you want to receive the most money possible for your piece, have it restored by a jewelry repair store beforehand to increase its value. 

How do I find a reputable jewelry and loan pawn shop?

Many people begin their search for a jewelry buyer or pawn shop by Googling phrases like “places to sell jewelry for cash” or “sell jewelry for cash near me”. While this is a reasonable place to start, it can also lead you to some unverified and untrustworthy sources who earn a living by offering unreasonably low prices for valuable estate jewelry. When searching for a jewelry and loan pawn shop, check that the store is licensed and employs experienced staff. A pawn shop that has a GIA-certified gemologist on staff is more likely to offer a fair appraisal of your gold and diamond jewelry. Watch & Wares has earned a 5-star reputation throughout Orange County through three decades of luxury service and competitive offers. Our staff are experts in their field, from certified GIA gemologists to an industry-leading master jeweler. Our online reviews speak for themselves; we offer customers a comfortable selling and pawning experience every time.

If you have inherited jewelry that you would like to sell or pawn, contact Watch & Wares today. We’re one of the best places to sell jewelry for cash in Orange County, and we consistently offer some of the highest values in the area. We’re also a luxury jewelry and loan pawn shop, so you can bring your beloved pieces in for a four-month collateral loan — no credit check necessary. Contact us today at (714) 633-2030 or fill out our online contact form to request an appraisal or schedule an in-store appointment.

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How Much Does Rolex Watch Repair Cost?

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When you invest in a luxury timepiece, you want it to last you a lifetime. However, your Rolex watch will inevitably need minor repair at some point in time. From a dead battery to mechanical failure, your watch can endure many issues throughout its lifetime, all of which are worth repairing to save your investment. If you’re in need of watch repair for your designer wristwatch, whether antique or contemporary, here are some of the costs you can expect to incur to get your watch in working order again.

Battery Change

A battery change is one of the most affordable watch repair services available across all watch repair shops. It’s a fairly simple process — and one that will inevitably need to be done several times throughout the watch’s lifetime — so the cost is relatively low. Depending on the type of watch, it tends to cost anywhere from $10 to $90.

New Watch Strap

An easy way to change up the look of your watch without investing in an entirely new one is to change out the strap or bracelet. The strap of a watch is typically made out of leather or synthetic material such as rubber, while the bracelet of a watch is made from metal such as titanium, steel, or gold. Replacement straps are typically more affordable than replacement bracelets due to the cost of the raw materials, with prices ranging from $20 to $500 depending on the brand and material desired. Bracelets can range from $50 for a basic steel bracelet up to thousands of dollars for the highest quality gold or platinum. Luckily, there’s an option for just about every budget.

Mechanical Overhaul

One of the more expensive watch repair processes available is a complete mechanical overhaul. This is an incredibly intricate process that requires a lot of time and extreme attention to detail, so it should only be performed by an industry-leading watch repair expert. The number of man-hours required for a Rolex watch overhaul can be high, and only authentic manufacturer replacement parts are used, both of which result in higher costs than a minor repair for a targeted problem. The exact cost of an overhaul will largely depend on the watch brand and model, but they can typically range from $200 to $1,000. Vintage watches are typically more expensive since the parts are harder to source and more delicate to repair. Luckily, all Watch & Wares overhaul watch repair services come with a one-year warranty to ensure that the timepiece continues functioning well from normal use.

Polishing & Cleaning

Sometimes you don’t need functional watch repair, but rather some cosmetic services. Our watch polishing and cleaning services will help your Rolex watch look new, inside and out. Our watch repair experts know how to disassemble your watch and clean each component for a much more thorough and long-lasting clean than can be achieved with at-home solutions. The price for watch cleaning can range from $50 to hundreds of dollars depending on the make and model of the watch being serviced, so contact Watch & Wares today for a personalized estimate.

 

We offer a vast array of Rolex watch repair services, from polish and detailing services to full cleaning and overhauls. To get a more accurate cost estimate for your particular watch make, model, and repair needs, give us a call at (714) 633-2030 for a free quote. We also welcome you to make an appointment at either of our Orange County locations to speak to one of our watch repair experts. Watch & Wares offers a one-year warranty on all of our full cleaning and overhaul services. You can rest assured that we stand by our watch repair work 100%.

How to Successfully Negotiate a Collateral Loan

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Jewelry and loan pawn shops are a great way to get cash when you need it. Whether you’re interested in collateral loans or selling your luxury goods, pawn shops can give you cash same-day. However, just because you need money quickly doesn’t mean you should settle for less than your item’s worth. To avoid getting scammed with unfairly low rates, follow these tips for successfully negotiating a fair collateral loan value.

Prepare Your Item

If you want to earn as much as possible for your item, make sure it’s in the best condition possible. Preparing your item for appraisal by having it cleaned or repaired will increase your collateral loan value, often by more than the price of the maintenance work. Especially in the case of luxury goods such as designer handbags, fine jewelry, and Rolex watches, having an item in good condition will help you secure a higher appraisal value.

Do Your Research

Unfortunately, many jewelry and loan pawn shops take advantage of unknowing customers and offer extremely low rates in exchange for an item. Doing research beforehand so you have an idea of a fair secondhand value will help prevent this from happening to you, so you can ensure that you receive what you deserve for your luxury goods. However, you should keep in mind that collateral loan values will be lower than the resale value of the item in case the pawn shop has to re-sell it, so make sure that you also have realistic expectations of a fair loan value.

Shop Around

Another way to ensure that you’re receiving a fair value is by collecting appraisals from several different pawn shops. You don’t need to commit to the loan to receive a free appraisal, so feel free to shop around and see which local pawn shop will offer you the most for your item. Watch & Wares is known throughout Orange County for offering some of the highest collateral loan values in the area.

Be Courteous

As the saying goes, “you catch more flies with honey than you do with vinegar.” Remaining kind and courteous throughout your interaction, even if your loan value isn’t as high as you wanted, will help make the transaction go smoother and may even incentivize the pawn shop to slightly increase its offer. Reasonable haggling is expected, but becoming angry or belligerent during the process can quickly cause the pawn shop to refuse you a loan altogether.

Visit a Reputable Jewelry & Loan Pawn Shop

Local pawn shops that are in good standing with the community are often in good standing for a reason. Reputable collateral loan issuers will offer fair and competitive loan rates alongside state-regulated loan terms. At Watch & Wares, we offer four-month loans with a 10-day grace period. All of the interest associated with the loan is state-regulated, so you don’t have to worry about sky-high interest rates that make it impossible to repay the loan. Some pawn shops want you to default on the loan so they can collect interest for months on end and still ultimately keep the item. Watch & Wares’ goal is always to help you get back your item and complete a full, on-time repayment. Your comfort and satisfaction are always our top priority.

Watch & Wares has been Orange County’s premier source of trustworthy collateral loans for over 30 years. We have a team of expert appraisers and GIA-certified gemologists that will ensure you receive a fair value for all of your luxury goods. If you need a collateral loan and want the most money possible for your item, give Watch & Wares a call today. We’re always happy to schedule an appointment for a free appraisal. Contact us at (714) 633-2030 or fill out our online contact form to request an appraisal or schedule an in-store appointment.

5 Common Reasons Why Your Watch Has Stopped Working

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It can be distressing when your luxury timepiece stops working. When you spend a significant amount of money on an item, you expect it to stand the test of time. Luckily, a watch that has stopped working is rarely broken for good. If you bring your Rolex watch in for professional watch repair, you’ll likely find that the cause of its malfunction is one of these common reasons.

1. Dead Battery

By far, the number one reason that your watch has stopped working is simply a dead battery. If your watch is battery-powered, you’ll notice that its battery will likely die every two years or so. Factors that affect the battery’s life include the size of the battery, whether your watch is digital or not, how often you use your watch’s functions, and whether your watch has been exposed to extreme temperatures. If you suspect that your watch’s battery has died, bring it to Watch & Wares for professional Rolex watch repair. Trying to replace the battery at home could result in further damage and more expensive repairs.

2. Water Damage

Another common cause of a dead Rolex watch is exposure to water. Every drop of water affects the way your watch works, so even light rain can cause your watch to rust over time and stop working. In this case, parts of your watch may need to be replaced, so it’s important that you take your watch to a Rolex watch repair professional such as Watch & Wares for a high-quality repair using OEM parts.

3. Impact Damage

Your watch is naturally built to be banged around a bit, especially since it sits so close to your hands each day. Your watch will inevitably experience a little wear and tear, but too much impact damage could cause your watch to stop working. Whether you’ve dropped your watch, hit it on a corner, or it’s simply become worn over time, any signs of physical damage will likely indicate that it’s time to take your Rolex in for watch repair.

4. Blocked Internal Mechanism

If you don’t see any obvious problems with your watch when it stops working, it’s possible that dust, debris, or a loose screw are blocking the internal mechanism. This is a surprisingly common problem that usually occurs when a watch hasn’t been serviced in a long time. We recommend bringing your Rolex in for periodic watch repair and servicing so it can be checked for dust, debris, or loose parts to prevent future damage.

5. Manufacturing Issues

It’s also possible that you simply got a “dud” from the manufacturer. Although this is much rarer with designer Rolex watches, manufacturing errors can happen due to the sheer number of tiny gears and moving parts required to assemble a luxury timepiece. Our watch repair experts can determine whether this is the case and recommend a trip back to the manufacturer for a replacement.

If you have a Rolex watch or other designer timepieces that have stopped working, give us a call at (714) 633-2030 or stop by one of our locations to speak to our repair team today. Watch & Wares has remained Orange County’s premier Rolex watch repair specialist for more than 30 years. We can bring all of your antique and contemporary watches back to life with our industry-leading professional watch repair services, available at both our Orange and Tustin locations.

The Advantages of Buying a Pre-Owned Rolex

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If you invest in a pre-owned Rolex rather than a brand new one, you can save hundreds or thousands of dollars and secure a bigger return on investment while still proudly owning a piece of timeless luxury. Orange County residents trust Watch & Wares for authentic pre-owned Rolex watches that are in like-new condition. With significant discounts over current retail prices, the pre-loved route is one that an increasing number of shoppers are opting for as they realize that a big chunk of the retail price is just for the retail purchasing experience itself.

#1. Cost Savings

Although Rolex watches can increase in value over time, this is a gradual process that requires holding onto the piece for several years or decades. It also means that the value has increased to be greater than the original retail price at the time of purchase (whether that be last year or 30 years ago); it does not mean that the current value is greater than the current retail price. It takes an exceptionally rare Rolex to be able to sell it for above retail price while it’s still a current season item. Therefore, as a buyer, you are guaranteed to save money if you purchase your Rolex secondhand from a trustworthy luxury watch dealer such as Watch & Wares. If you want to splurge on a luxury item while still getting the best deal you can, choose a pre-owned Rolex in practically perfect condition from Watch & Wares.

#2. Timeless Style

Classic styles are classic for a reason. Unlike trendy, seasonal items, designer brands will continually make their classic models with little to no stylistic changes over time. Classic styles hold their value over time because they continue to look the same every season since their conception. Styles such as the Datejust or Submariner are examples of classic Rolex models that have stayed consistent in design since their introduction to the line. When you purchase a classic second hand Rolex, you can trust that it will continue to stay in style for years to come, making it a worthwhile purchase. No one will notice that you have “last year’s model” or an outdated version; they’ll just admire your beautiful, classic Rolex.

#3. Long-Lasting Quality

Rolex watches are built to last. Part of their luxury appeal is the incredible craftsmanship and high-quality parts that are used to create each timepiece. When you purchase a second-hand Rolex, you don’t have to worry about the wear and tear taking a toll on the device’s ability to function. With reasonable use, a Rolex should last for decades. Like any device, it will require a bit of servicing to keep it in top shape, but every pre-owned Rolex is repaired and restored to full working order before you purchase it, so you can enjoy the watch for years to come. 

#4. Return on Investment

We all know the danger of purchasing a new car: as soon as you drive it off the lot, the value depreciates greatly. The same rule applies to luxury accessories such as Rolex watches. The vast majority of the time, the value of a Rolex will decrease significantly as soon as it’s purchased from the store and becomes a “used” watch. Although some models can continue to depreciate slightly in value over the years, by far the biggest depreciation occurs immediately after purchase. When you purchase a second hand Rolex, therefore, you’re allowing the original owner of the item to take that financial hit for you. By avoiding this immediate depreciation, you’re guaranteeing yourself a better return on investment over time than if you purchase a Rolex brand new. If you invest in a classic model, its value will likely hold or increase over time and you can quite often sell it for even more than you purchased it for, especially if you purchased it at a discounted rate from a reputable dealer such as Watch & Wares.

If you’re looking to purchase a Rolex in the Orange County area, consider a pre-owned timepiece from Watch & Wares. All of our Rolexes are guaranteed authentic and are restored to like-new condition before resale. Be a smart consumer and maximize your return on investment by choosing a pre-owned Rolex today. To view our inventory or find out more about our pre-owned items, give us a call today at (714) 633-2030.

Collateral Loans on Diamonds

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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?

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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.