Using a Rolex for a Jewelry Equity Loan

Using a Rolex for a jewelry equity loan as collateral is a great way to get fast capital.

The first step is to go to Diamond Buyers’s loan form. Then you select a luxury watch to get a loan on. You can then select the brand of your luxury watch.

Then, you will be prompted to select how much you would like to borrow for your jewelry equity loan.

Finally, we ask you to provide any additional information that could be useful for the jewelry equity loan. It is optional to provide answers for these questions. You can provide the original purchase price, describe your Rolex and attach any pictures. All of this information on the initial form is to help the jewelry experts at Diamond Buyers provide you with an intial quote. You will usually be provided a free quote within one day of filling out the interest form.

After you accept the initial quote, Diamond Buyers will provide you with a pre-paid, fully-insured shipping label. All shipments are insured by Jewelers Mutual and Brinks, so you can rest assured that you’re fully covered. When your Rolex arrives at one of Diamond Buyer’s offices, your package will be opened under video recording for your protection.

Finally, once your Rolex has been evaluated, Diamond Buyers will contact you with our official offer and arrange for immediate payment via check or wire transfer. If you don’t accept the final offer, that’s completely fine, your Rolex will be shipped back at no cost to you. No risk. No obligation.

Overall, if you’re planning to get a loan on your Rolex, Diamond Buyers is great to work with. Fill out an interest form or stop by today to get started!

Using an Engagement Ring for a Jewelry Equity Loan

Using an engagement ring for a jewelry equity loan as collateral is a great way to get fast capital.

The first step is to go to Diamond Buyers’s loan form. Then, you select the diamond’s carat weight of the diamond in your engagement ring. And, if you don’t know the carat weight of the diamond, that’s okay too! When you securely mail your engagement ring to Diamond Buyers, our jewelry experts will evaluate the true carat weight of the diamond.

Then, you are prompted to select how much you would like to borrow for your jewelry equity loan.

Next, you will be asked to provide any additional information that could be useful for the jewelry equity loan. It is optional to provide answers for these questions. You can provide the original purchase price, describe your engagement ring and attach any pictures. All of this information on this initial form is to help the jewelry experts at Diamond Buyers provide you with an initial quote. You will usually be provided a free quote within one day of filling out the interest form.

Get funded for your engagement ring in 24 hours

After you accept the initial quote, Diamond Buyers will provide you with a pre-paid, fully-insured shipping label. All shipments are insured by Jewelers Mutual and Brinks, so you can rest assured that you’re fully covered. When your engagement ring arrives at one of Diamond Buyers’s offices, your package will be opened under video recording for your protection.

Finally, once your engagement ring has been evaluated, Diamond Buyers will contact you with our official offer. Once accepted, we arrange for an immediate payment via check or wire transfer. If you don’t accept the final offer, that’s completely fine, your ring will be shipped back at no cost to you. No risk. No obligation.

Overall, if you’re planning to get a loan using your engagement ring as collateral, Diamond Buyers is  great to work with! Get started today!

Your Top Asset-Based Loan Questions Answered

Understanding the asset-based loan process can be difficult! That’s why we have compiled a list of the most asked questions about Diamond Buyers’s loans! Here are the top asset-based loan questions answered.

Getting a loan Q&A:

Q: How do I start the process for getting a quote?

A: You can start on our website by submitting any and all information you have on your item. If you have a diamond, we will need more than just the carat weight. There are many factors that go into determining the value of a diamond. Because pawn shops often assess values for the carat weight alone, they are paying you the lowest amount possible by assuming the clarity, color and cut are low quality. However, we look into these factors because they can greatly affect the value. This is why we are able to offer more for your diamond.

How Diamond Buyers’s Asset-Based Loans Work:

Q: How do payments work?

A: You are given a monthly rate along with your loan amount, which makes your minimum monthly payment (Example: $1,000 loan at 7% makes your monthly minimum payment $70). By paying the monthly minimum, you extend the loan for 30 days. As long as this payment is made each month, your loan will remain in good standing. Any amount over the minimum amount due each month will go toward the principal of the loan, thus lowering your next month’s minimum payment.

How to pay off the loan:

Q: Can I pay my loan off over time, or just in on lump sum?

A: You can pay your loan off in one lump sum, or over several payments. You have the option to pay more than the minimum due each month toward the principal, or you can make payments separate from the monthly payments. We are very flexible.

Do have any additional questions about asset-based loans? Ask them here and get started today on the loan process!

Loan Terms You Should Know

For some people, getting a jewelry equity loan can be a confusing process. This is because there are many unfamiliar terms. At Diamond Buyers, we strive to explain every step of the loan in the easiest terms possible, so the loan process is extremely simple and clear. Here we’ve gathered some common loan terms and explained them in a very simple way!

“Quote”

Once you fill out Diamond Buyers’s free and simple form describing your item, you will receive an initial quote from Diamond Buyers’s team of expert jewelers. Then, you get the quote usually within one business day. A quote is the estimated amount you will get in your loan for your jewelry.

“Collateral”

Collateral is any high-end jewelry that you have! Collateral is what you use to get your loan. You exchange your jewelry for your loan and once your loan is paid back, we return your collateral.

Upon acceptance of our initial offer, Diamond Buyers will provide you with a pre-paid shipping label to safely send in your collateral for an official evaluation. All of Diamond Buyers’s shipments are insured by Jewelers Mutual and Brinks, so you can rest assured that you’re fully covered.

“Official Offer”

An official offer is what you receive once your collateral has been shipped and received by Diamond Buyers’s team of experts. This is the actual offer for the final amount you will receive. While a quote is just an estimate and not final at all.

Once your item has been evaluated, we will contact you with our official offer and arrange for an immediate payment via check or wire transfer. Don’t like our offer? No worries! Your item will be shipped back at no cost to you. No risk. No obligation.

Get started today by filling out Diamond Buyers’s risk-free jewelry equity loan form, or stop by one of Diamond Buyers’s convenient locations.

Your Top Jewelry Equity Loan Questions Answered

Understanding the jewelry equity loan process can be difficult! That’s why we have compiled a list of the most asked questions about Diamond Buyers’s loans! Here are the top jewelry equity loan questions answered.

Getting a loan Q&A:

Q: How do I start the process for getting a quote?

A: You can start on our website by submitting any and all information you have on your item. If you have a diamond, we will need more than just the carat weight. There are many factors that go into determining the value of a diamond. Because pawn shops often assess values for the carat weight alone, they are paying you the lowest amount possible by assuming the clarity, color and cut are low quality. However, we look into these factors because they can greatly affect the value. This is why we are able to offer more for your diamond.

How Diamond Buyers’s Jewelry Equity Loans Work:

Q: How do payments work?

A: You are given a monthly rate along with your loan amount, which makes your minimum monthly payment (Example: $1,000 loan at 7% makes your monthly minimum payment $70). By paying the monthly minimum, you extend the loan for 30 days. As long as this payment is made each month, your loan will remain in good standing. Any amount over the minimum amount due each month will go toward the principal of the loan, thus lowering your next month’s minimum payment.

 

How to pay off the loan:

Q: Can I pay my loan off over time, or just in on lump sum?

A: You can pay your loan off in one lump sum, or over several payments. You have the option to pay more than the minimum due each month toward the principal, or you can make payments separate from the monthly payments. We are very flexible.

Do have any additional questions about jewelry equity loans? Ask them here and get started today on the loan process!

What Jewelry Pieces Make Good Collateral For a Loan?

Are you considering a jewelry equity loan with Diamond Buyers? When considering a loan it can be difficult to know which of your jewelry pieces make good collateral for a loan. We’ve compiled a list of items that Diamond Buyers regularly loans on. So, if you have any of these items at home, in your jewelry box you can get started on your jewelry equity loan today!

The Best Collateral for a Loan

Engagement Rings

Engagement rings make great collateral for a loan, especially if the engagement ring has diamonds or other precious gemstones. Here are some examples of previous engagement rings that have been used as loan collateral at Diamond Buyers!

2.11CT ROUND DIAMOND RING

Diamond Buyers loaned $80,000 for this engagement ring. Do you have a similar engagement ring? It would make great collateral for a loan with Diamond Buyers!

2CT DIAMOND RING

For this fancy yellow diamond engagement ring, Diamond Buyers loaned $8,000. Do you have an engagement ring that looks like this? It would make good collateral for a jewelry equity loan.

Luxury Watches

ROLEX YELLOW GOLD DAY-DATE II PRESIDENT

Diamond Buyers loaned $22,000 for this gorgeous Rolex watch! If you have a Rolex watch and need some instant capital, you can use it as collateral for your loan with the Diamond Buyers!

Jewelry With Diamonds .75CTW or Larger

2.42CTW VINTAGE DIAMOND AND SAPPHIRE RING

Diamond Buyers was able to loan $6,000 for this ring with a 2.42CTW! As a rule of thumb, if your jewelry has a diamond that is larger than .75CTW, it would make good collateral for a jewelry equity loan with Diamond Buyers.