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Better Alternative To Jewelry Pawn Shop
Before selling your jewelry to a pawn shop jewelry in Singapore, you have to read this. The reason is that there is a better alternative to selling jewelry to pawn shops. This alternative is called doing business with the direct manufacturer.
Jewelry is a form of portable wealth that you can trade at any time. Some people buy jewelry as insurance or a fall-back asset in case of a financial crisis. As a result, many have visited pawn shops to carry out diamond pawn or pawn jewelry in general.
But selling to a jewelry pawn shop might not be the best idea – even though it is the intuitive solution. Selling your precious jewelry to a direct jeweler, who is also a certified member of the Diamond Exchange of Singapore, can get you a more significant deal. This is due to many factors that will save you money, including no need to pay an extra charge for any middleman or even the business’ rent. It is also almost guaranteed that you will get a higher quote from a jeweler than a jewelry pawn shop because the jeweler will most likely re-use the gold or gems from your piece of jewelry, and this is why he will pay you the closest value to the market’s price.
How Much Do We Pay?
Even if you search for the best pawn shop for jewelry, their prices are still low and the loan rates high because they are middlemen who calculate their profits when trading, whereas a jeweler doesn’t charge extra. That said, patronizing a diamond necklace pawn shop, diamond gold earrings pawn shop, or diamond gold bracelet pawn shop is a risky deal.
Visit a jewelry store rather than visit a jewelry pawn shop; for better offers and peace of mind (with no obligation), contact us at SellYourJewelry by Dianoche. Sell Your Jewelry offers the best prices in Singapore for gold, diamond, ruby, sapphire, emerald or any jewelry. We give free complete evaluations for your items, and you do not have to close the deal if you want to, If you’re going to make a price comparison or need more time to think. Moreover, we are an open book looking to share as much knowledge with you as possible, and we are 100% transparent.
We invite you to fill the form below, and our experts will be happy to schedule a meeting with you as soon as possible.
Why Should A Person Sell His Used Jewelry?
- Pieces of jewelry are made from precious metals and gems, valued since ancient times despite occasional dips. Due to this, they will always remain valuable as prices are steadily rising. So, if you’re sitting on unwanted or unused jewelry, it’s in your best interest to trade it for cash. It would be of more value when sold than when let to lay about collecting dust.
- If you’re going through a bitter divorce or break-up, you might want to visit an engagement rings pawn shop or a diamond ring pawn shop. Selling jewelry given to you by your ex is a way to cut off emotional ties, let go of attachment to the past and move on. An added advantage is the financial boost you get.
- You may have fallen out of love with your jewelry because it’s no more in vogue. This means that it was once treasured but has now lost its luster and appeal.
- One may sell jewelry inherited by a bereaved for finances. Take, for instance, a guy inherits his late mother’s gold earrings and gold bracelet. It will be of no use to him, so the best option is to sell it or take them to a gold earrings pawn shop and gold bracelet pawn shop.
Tips For Selling Used Jewelry
Before selling, it’s necessary to get an appraisal to know the value of your jewelry and the price to expect. It would help if you carried out personal research to see the market value of your item. It’s essential to know your jewelry in detail (the cut, clarity, karat, carat weight, and color). Therefore, check the certification stamp to see the value of the precious metal in your piece. Be informed if your piece is crafted from natural resources or it’s artificial.
The monetary offer you get is dependent on the condition and quality of your jewelry. The brand also influences the price, designer brands worth more. Official documentation or receipt is equally vital in sales as it proves legitimacy. In addition, where and who you sell to is another determining factor, be it a diamond gold jewelry pawn shop or a jewelry store.
Where To Sell Used Jewelry
It will excite you to discover that there are various places to sell used jewelry besides gold jewellery pawn shops and diamond jewelry pawn shops. Therefore, it’s up to you to weigh the options before determining whether to visit a jewelry pawn shop in Singapore or not.
It will excite you to discover that there are various places to sell used jewelry besides gold jewelry pawn shops and diamond jewelry pawn shops. Therefore, it’s up to you to weigh the options before determining whether to visit a jewelry pawn shop in Singapore or not.
- Online websites or auction sites – you can always sell online. However, it’s often slow as you have to ship your item and wait for payment.
- Gold exchange store – There are gold exchange stores that buy jewelry and melt it down to make new ones, but most of the time, they pay a fixed price that is much lower than the actual gold market value.
- Craigslist or Facebook marketplace – You get free listings and sell items directly to buyers. But you have to handle the deals and find a buyer all by yourself.
- Jewelry pawn shops – are the intuitive option for most people, but it’s not always the best choice to get the maximum price for your item. You may ask, “Is there a jewelry pawn shop near me?” and the answer is that they’re found in most cities in a quick online search.Â
- Sell to a direct jeweler – You can sell to jewelers or jewelry manufacturers where you receive quick payment, high service, and transparent quotations. They offer the best prices because the jeweler will buy your item to re-use its gold or diamonds. Hence they pay you the closest to the market’s price.
Now you must be confused by all this new information. Let’s break it down to you with a simple explanation: What is the difference between selling to the direct manufacturer and selling to a jewelry pawn shop? The answers are below.
Selling to a Jewelry Store VS Selling to Jewelry Pawn Shops
If you’re unfamiliar with the term jewelry pawn shop, it’s a small business that offers little loans in exchange for collateral or buys valuables from people. When purchasing items from individuals, jewelry pawn shops provide a small percentage of your jewelry’s value as payment. For example, one may visit a gold necklace pawn shop, a diamond earrings pawn shop, or a diamond bracelet pawn shop to sell unwanted jewelry.Â
 Apart from buying jewelry, a jewelry pawn shop also loans money to those who pawn their jewelry. The jewelry can be recollected upon repayment of the loan plus an additional interest fee. Interest rates charged by jewelry pawn shops are extraneous. A diamond gold necklace pawn shop, a gold ring pawn shop, a diamond gold bracelet pawn shop, or any pawn shop jewelry may take jewelry on consignment.
Jewelry pawn shops offer quick cash, which is only a fraction of your jewelry’s value. Rather than searching for “pawn shops near me,” why not visit an actual jeweler, like Dianoche? In jewelry stores like ours, you meet with professional jewelers and manufacturers. We appraise your jewelry before your very own eyes (for FREE) and offer prices befitting to your jewelry.
What’s more? You have the chance to bargain, get what your item is worth, and don’t have a loan to repay at the end of the day.
Let’s highlight the differences between selling to a jewelry pawn shop and a jewelry store:
Even if you search for the best pawn shop for jewelry, their prices are still low and the loan rates high because they are middlemen who calculate their profits when trading, whereas a jeweler doesn’t charge extra. That said, patronizing a diamond necklace pawn shop, diamond gold earrings pawn shop, or diamond gold bracelet pawn shop is a risky deal.
Visit a jewelry store rather than visit a jewelry pawn shop; for better offers and peace of mind (with no obligation), contact us at SellYourJewelry by Dianoche. Sell Your Jewelry offers the best prices in Singapore for gold, diamond, ruby, sapphire, emerald or any jewelry. We give free complete evaluations for your items, and you do not have to close the deal if you want to, If you’re going to make a price comparison or need more time to think. Moreover, we are an open book looking to share as much knowledge with you as possible, and we are 100% transparent.
We invite you to fill the form below, and our experts will be happy to schedule a meeting with you as soon as possible.
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