Tag Archive for: jewelry loan

Utilize Watch & Wares Luxury Repair Services

/in , , , , /by

Watch & Wares is known throughout Irvine and the surrounding Orange County area for buying and selling luxury goods, from Rolex watches to designer handbags. However, we also offer top-of-the-line watch repair, jewelry repair, and handbag restoration services. Our unrivaled craftsmanship and decades of experience make us the jeweler that other jewelers and repair services come to for help. With state-of-the-art tools and equipment, we have the ability to fully repair and restore any of your luxury goods so they’ll look as good as new. 

Watch Repair

No matter how high-end your luxury watch is, it will need to be serviced or repaired eventually. Whether you need your battery replaced or you need extensive repair services, Watch & Wares can handle it all. We’ve serviced and repaired thousands of watches over the last 30 years in business, and we’ve become a trusted source of Rolex watch repair for the local community. Our services include battery replacement, polishing & detailing, full cleaning, new gaskets, and water testing. From antique pocket watches to modern Rolexes, you can trust Watch & Wares to repair and restore your luxury watches to the highest standard.

Jewelry Repair

Watch & Wares offer premier fine jewelry repair that you can trust. Our master jewelry has over 35 years of experience with fine jewelry repair, and he’s the man that other jewelers go to for the answers. Whether it’s creating custom pieces or repairing an antique heirloom, we can realize your vision for any fine jewelry piece. We specialize in vintage jewelry repair, contemporary jewelry repair, jewelry polishing & detailing, and custom jewelry creations. Have your diamond jewelry sparkle like never before with our superior craftsmanship and meticulous attention to detail. We guarantee a perfect result, with flawless quality over our jewelry repair competitors.

Handbag Spa

A designer handbag often becomes your constant companion, going with you wherever you travel. When you use your luxury handbag regularly, it will inevitably begin to show signs of typical wear and tear. When you notice your luxury handbag looking noticeably more worn than the day you bought it, bring it into Watch & Wares for a day at our handbag spa! Our handbag spa restoration services include cleaning, moisturizing, stain protection, edgewear restoration, color touch-up, odor removal, and more. A designer handbag is an investment that requires care and upkeep to ensure that it retains its value for years to come. Whether you have a vintage Chanel or a contemporary Gucci bag, Watch & Wares’ handbag spa services can restore any luxury bag.

Here at Watch & Wares, our team of trained professionals has been performing watch, jewelry, and handbag repair services for decades. We understand luxury, and we always strive to provide the best service in the Irvine area and throughout all of Southern California. We’re confident that you won’t find anyone better to restore your luxury goods, especially at our competitive price point. To receive a free estimate on one of our luxury repair services, stop by one of our Orange County locations or give us a call at (714) 633-2030 today.

Watch & Wares Luxury Holiday Gift Guide

/in , , , , /by

If you’re on the hunt for the perfect luxury gift to give to a loved one this holiday season, Watch & Wares Tustin has everything you need. From fine jewelry to designer watches and luxury handbags, you can give your significant other or close family member a thoughtful gift that they will treasure for decades to come. Here at Watch & Wares, we’ve bought and sold thousands of items in preparation for Christmastime, and this year we’ve compiled our comprehensive holiday gift guide to assist you in picking out the perfect present for that special someone.

A Rolex Watch

Men can be notoriously hard to shop for, whether it’s your husband, dad, or brother. However, there’s one gift that’s virtually guaranteed to please them all: a Rolex watch. Pre-owned Rolexes make great gifts since they cost significantly less while still in like-new condition. The timeless style of a Rolex also means that purchasing a pre-owned one will offer your loved one the same style they’ve been lusting over, just at a lower cost to you. Styles such as the Datejust or Submariner have stayed largely consistent in design since their first introduction, so if the man in your life has had his eye on a particular style, you can find a similar pre-owned Rolex at a fraction of the retail cost. Rolexes are built to last, so you can rest assured that the impeccable craftsmanship and high-quality parts will resist wear and tear and be functional for decades to come. If you want a luxury gift for him, there’s no better option than a pre-owned Rolex from Watch & Wares.

Gold Jewelry & Diamond Jewelry

A beautiful piece of jewelry always makes a good gift. Whether it’s contemporary or something vintage, picking out a piece of fine jewelry that suits your loved one’s personality and unique taste makes a touching, personal gift that is sure to send them over the moon. Choose from contemporary name brands or one-of-a-kind antique estate jewelry to find that perfect piece that shows you care. Whether you’re looking for a man, woman, spouse, parent, child, or friend, Watch & Wares has an array of gold and diamond jewelry that anybody will love.

Luxury Handbags

If you’re shopping for a woman who loves handbags, Watch & Wares has one of the most extensive secondhand luxury handbag selections in the Tustin area. We sell designer handbag brands such as Chanel, Gucci, Hermes, Louis Vuitton, Prada, Fendi, Givenchy, and Saint Laurent. From the Chanel Classic Flap to the Hermes Birkin bag, we have some of the most exclusive designer handbag styles on the market. Surprise your mom, sister, daughter, or wife with a stunning pre-loved designer bag this holiday season, and send them into the new year in style.

If you’re gearing up for holiday shopping in the Tustin area, be sure to stop by Watch & Wares. Our expansive selection of jewelry, watches, handbags, fine art, and collectibles is guaranteed to help you find the perfect luxury gift for someone in your life. Our friendly and knowledgeable team members will assist you in picking out the perfect piece and provide you with exceptional customer service that can be difficult to find during the hectic holiday shopping season. To make an appointment or find out more about our selection, give us a call at (714) 731-9600. We also accept walk-ins; come visit us on East 17th Street!

How to Sell Your Gold Jewelry for Extra Holiday Cash

/in , , , , /by

The holidays can be a particularly expensive season for Orange residents between buying presents for loved ones and throwing parties for family and friends. When Christmastime rolls around, it’s never a bad thing to have some extra cash on hand. Here at Watch & Wares, we purchase diamond and gold jewelry at highly competitive rates and give you same-day cash for your luxury goods. If you’re seeking some extra holiday cash and you have neglected gold jewelry you’re willing to sell, stop by Watch & Wares in Orange.

Before You Visit

Before you visit any jewelry buyer, you should know which pieces you’re going to sell and what they’re worth. Untrustworthy buyers may try to offer a value far under what your gold jewelry is truly worth in order to get as high a profit margin as possible. Although gold jewelry buyers will always offer slightly under market price due to the expense of reselling, you should always receive a fair value for your luxury item. Do research before visiting and determine what the resale value of your piece is. Speak to a third party with no financial interest in order to gain an objective and fair evaluation of your jewelry. Knowing this value going into the gold buyer’s shop will help you ensure that you’re receiving an offer you’re comfortable with when you sell jewelry.

The Appraisal Process

During the appraisal process, every step should be made transparent. When appraising gold jewelry, there are three factors that are taken into consideration to calculate the value of the gold: the weight of the gold in troy ounces, the purity of the gold in karats, and the current gold spot price. One of our expert team members will take time to measure these factors and determine the current market value of your item. All of our scales are certified by Orange County Field of Weight & Measure to ensure that all measurements are accurate to the industry standard, so you can rest assured that you’re receiving the fairest offer possible.

Why Watch & Wares?

Here at Watch & Wares, we always strive to make the selling experience as pleasant and comfortable as possible. Our offers never come with any obligation or pressure to sell, and we always offer you fair and competitive prices. Our team members will work with you one-on-one to appraise your item and provide a fair value with no obligation. Our team has decades of experience in the fine jewelry industry and is highly trained to provide exceptional customer service every time. 

If you’re ready to sell gold jewelry for extra cash this holiday season, stop by Watch & Wares and speak to a team member. We’ll appraise your pieces and offer you some of the most competitive prices in the area. We’ve served the city of Orange for more than 25 years, so residents know that they can trust us for fair prices and exceptional customer service. If you’d like to find out more about selling jewelry or make an appointment, give us a call at (714) 633-2030 today. Walk-ins are also welcome!

Which Luxury Handbags Hold Their Value Best?

/in , , , , /by

If you’re a fan of luxury handbags, you may know that some handbag styles hold their value well enough to be called “investment bags”. While handbags are not truly a reliable investment in the same way that stocks or property are, there are several luxury handbags that consistently hold their value or increase in value over the years. If you’re a Tustin resident looking to purchase or sell a luxury handbag and want to make the wisest financial decision, follow this guide on which designer handbag brands hold their value best.

Chanel

Chanel is arguably the single most famous and most beloved designer handbag brand in the world. Founded in 1909 as House of Chanel, the brand has always maintained its reputation as the pinnacle of fashion and an icon of luxury. Chanel is infamous for its ever-increasing prices, which harms retail consumers but benefits those who want to sell their Chanel bags or are willing to invest in one long-term. Chanel has several styles that are considered classic and which hold their value over time, but none are more famous than the Chanel 2.55, also known as the Chanel Classic Flap. Since the Chanel 2.55 was first introduced in February 1955, its price increase has far outpaced inflation. From 1990 to present day, the pricing has increased exponentially, doubling in retail value between 2010 and 2019. If you’re looking for a timeless style with a guaranteed long-term increase in resale value, there is no safer or more stylish choice than the Chanel Classic Flap.

Hermès

If budget is of no concern to you, then investing in an Hermès bag will virtually guarantee a good return on investment when it comes time to sell. Hermès, a luxury goods manufacturer founded in 1837, is one of the world’s most valuable brands according to Forbes, and their bags are some of the most sought-after items on the luxury market. Their Birkin and Kelly styles are by far their most famous and will guarantee you the best resale value. The Hermès Birkin bag has become a symbol of wealth in the fashion world due to its exclusivity and exorbitant price. It often has long waiting lists and is often considered the rarest handbag in the world. Its prices range from $10,000 to as much as $300,000 retail, and these prices can increase even more at auction for especially rare items. With the Birkin being such a coveted and iconic bag, it can almost always be sold for more than its retail value. Therefore, investing in a Birkin can be a wise financial decision if you have the money to spare.

Louis Vuitton

Louis Vuitton is a much more accessible brand to consumers, both through quantity and price. However, it still manages to retain most of its value on the secondhand market. Louis Vuitton is a French fashion house founded in 1854. Its LV monogram has become famous across the globe, and Louis Vuitton is one of the most in-demand designer brands on the market, especially for handbags. Louis Vuitton bags do not have the same exclusivity as Hermes nor the same potential for price increases as Chanel, but Louis Vuitton bags still manage to retain 70% of their retail value on average, making them one of the best brands to invest in. The Louis Vuitton Neverfull is the style that best holds its retail value, available in both the Damier and Monogram Canvas materials first introduced in the late 19th century. This classic appearance that has stayed consistent over the past century and a half is what has made Louis Vuitton such a beloved brand with substantial retail value. 

If you’re a Tustin resident seeking to sell or loan your luxury handbag, come visit us at Watch & Wares. We specialize in designer handbag sales and can offer some of the most competitive prices in the area. To schedule an appraisal or find out more about the designer brands that we accept, call Watch & Wares – Handbags & Couture at (714) 633-2030 today.

Whether to Sell or Loan Your Jewelry for Cash

/in , , , , /by

Although you always try your best to be organized and on budget, sometimes unanticipated expenses can arise that you aren’t financially prepared for. When you’re in a pinch and need cash quickly, getting a loan from the bank isn’t always a viable option. This endeavor can be made even more difficult, or even impossible, if you have a low credit score at the time. In trying times like these, Tustin and Irvine residents know that Watch & Wares is an excellent solution for getting cash quickly without any judgment. Selling or loaning your valuables will allow you to get the cash you need without affecting your credit score or becoming beholden to your bank. But which is the best option for you: pawning or selling? Here are a few factors to consider when debating whether to sell or loan your valuable jewelry for cash.

Why You Should Loan

If your jewelry has sentimental value and you don’t want to permanently part with it, a pawn loan is a great option. The biggest benefit to pawning rather than selling is the ability to get your item back in the end. With a Watch & Wares loan plan, you have four months to fully repay the loan; once you’ve done so, you’ll receive your item back in the same condition it was given to us. You also have the option to renew your loan by paying off the interest, allowing you more time to find the money and more opportunity to reclaim your item. 

Another benefit of pawn loans is that your credit score is never affected. If you miss a payment or default on your loan, you don’t need to worry about your credit score dropping. If you fail to repay the loan, we simply keep your jewelry as repayment and the exchange is finalized. Unlike a bank loan, loans through Watch & Wares are a quick process that aren’t dependent on your past financial records and won’t affect your future financial records in any way.

Why You Should Sell

Pawnshops don’t exclusively deal with pawn loans; they also buy and sell jewelry and other valuable items. Watch & Wares is a full-service jewelry store with a wide selection of fine jewelry that you won’t find anywhere else. If you’re seeking quick cash but no longer need your item or don’t want to have to worry about a repayment plan, selling is a good way to go. The main benefit of selling is that you’ll receive a much higher value for your item compared to pawn loans. When stores accept jewelry loans, they have to consider the possibility that the customer will default on their loan and not return for their item. This risk of losing out on cash as well as interest is what causes pawnshops to offer a lower value for jewelry that is loaned versus jewelry that is being sold. If you want as much money as possible from the transaction, selling your item outright will guarantee you a higher value. 

Another benefit of selling is the convenience and lack of hassle. If you don’t need any of the items anymore, why pawn them and have to worry about repayment? Selling your items outright means that you won’t have to worry about payment plans, interest, or defaulting on the loan. Bring your unwanted jewelry in for a one-time transaction, and leave with the cash the same day! 

If you’re an Irvine resident looking for a way to get cash fast, or if you have unwanted jewelry pieces that you’re looking to sell, bring your valuables into Watch & Wares Tustin. Our friendly and knowledgeable team members are always happy to assist you with whatever jewelry services you need. We have served the Orange County area for more than 25 years, so you can always trust us to consistently offer fair and competitive values in a comfortable setting with exceptional customer service.

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.

The Advantages of Buying a Pre-Owned Rolex

/in , , , , , /by

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.

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.

How to Ensure You’re Receiving a Fair Value for Your Diamond Jewelry

/in , , , /by

When you’re selling something as valuable and sentimental as beautiful diamond jewelry, you want to make sure that you are receiving a fair offer for it. However, it can be difficult to approximate the value of your own diamond pieces, as it can be largely dependant on the setting, age, and condition as well as the quality of the diamond itself. Your knowledge of the value can often be reliant on the jewelry buyer you are trying to sell to; but how do you know if they’re offering you a fair amount? Here at Watch & Wares in Orange, we are always honest and transparent in our evaluations of diamond jewelry pieces. Next time you’re looking to sell diamond jewelry, consider these points to ensure that you’re receiving a fair value for your valuables.

Know what your diamond jewelry is worth

Before you speak to a diamond jewelry buyer about the piece you want to sell, you should have a clear idea of what your diamond jewelry is worth. Untrustworthy buyers may try to offer you far less than is fair in order to clear the largest profit margin possible. In order to ensure that you are receiving a fair value for your diamond jewelry, speak to a jewelry appraiser or gemologist who does not buy or sell diamond jewelry at all. Speaking to a third party with no financial interest will guarantee an objective and fair evaluation of your pieces. Knowing this value going in will help you ensure that you get the fairest value. Although all diamond jewelry buyers will offer slightly less than this value due to the costs and fees associated with re-selling your piece, you will be able to determine who is offering you the fairest and most competitive rate for your valuables.

Compare your jewelry buyer options

Don’t just speak to one seller and accept the first offer given. With any reputable diamond jewelry buyer, there is never pressure to sell and your offer will stand if you decide to leave the store and return. Make sure that you take the time to compare offers and investigate multiple options before committing to selling. Much like receiving estimates for construction work, you should collect offers and choose the fairest option. With something as important as selling diamond jewelry, you should take your time and choose an offer that you feel is fair from a company that is trustworthy. Here at Watch & Wares, we consistently offer the most competitive rates in the Orange County area. We believe in the value of your diamond jewelry; not just the stones and materials, but the value of the piece as a whole. Our expert appraisers will thoroughly assess your item and offer the best price possible based on the current market value.

Research your diamond buyer

When it comes to something as sentimental and valuable as diamond jewelry, you need to know that you’re working with someone who is trustworthy and reputable. Before selling to anyone, do your research on the diamond buyer and their reputation. Search for reviews on Yelp, 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. With almost 30 years of business under our belts, Watch & Wares is a name you can trust.

Here at Watch & Wares, we treat all of our residents of Orange with respect and courtesy. We would never try to offer unfairly low prices or pressure you into selling before you’re ready. Customer satisfaction is our top priority, so we always strive to create an in-store experience that makes you comfortable and confident in your decision to sell diamond jewelry. We consistently offer the most competitive prices in the area, and our customer service speaks for itself. To schedule a diamond jewelry appraisal or for any inquiries regarding sales, give us a call at (714) 633-2030 or stop by our store in Orange.