Tag: pawnshop london

How to Get the Best Price When Pawning my Jewellery?

Fine jewellery typically retains a great deal of value and thus, can bring substantial financial benefits in a hard-up situation.

If you have any precious jewellery item that mostly remain locked in a box gathering dust or that you no longer use, you can consider using it as collateral for a pawn loan.

Trusted pawnbrokers in London like at The Luxury Hut offer a secure and straightforward way to pawn jewellery online or via appointment in London or from any other big cities.

Whether you want to pawn a diamond ring or a gold necklace, secure the highest possible amount of cash loan against your jewellery instantly without any obligation or credit checks.

However, for those who are considering taking out a loan against jewellery for the first time, here are some top tips that can help you to obtain the best price when pawning your jewellery.

Have a look!

Establish what jewellery item actually is

Jewellery is a style-driven industry. Some items will stay classics year after year, while others may hold their value merely for months.

Thus, before deciding on a particular jewellery piece to take out a pawnbroking loan, the first thing you need to establish is whether or not it can be regarded as fine jewellery.

Fine jewellery is made of precious metals and gemstones. Thus, they tend to retain a higher value over time.

However, many luxury brands or designers produce various types of fine jewellery. And this eventually adds value to the asset.

So, is your jewellery piece of a brand like Cartier or Tiffany? Is it a Cartier love bracelet or a Tiffany bracelet?

These designer pieces are highly coveted and can command a higher price.

Thus, you must gather all the details about the jewellery item you want to pawn with any trusted jewellery pawnbrokers in London or anywhere in the UK.

Know the gemstones in your jewellery piece

The value of a jewellery item may vary significantly depending on whether it is having a pearl, diamond or any other gemstones.

If your item is crafted of diamonds, it is likely to fetch you a higher price than a pearl or coloured gemstones.

However, the value of coloured gemstones like rubies and sapphires has significantly increased in recent years.

Jewellery pawnbrokers typically determine the value of a gemstone based on its type, age, rarity and condition.

An old untreated gemstone is rarer, and thus, demand is high, thereby holding a higher value.

Moreover, a diamond may worth more than an amethyst in most instances.

Additionally, any corrosion or chips in the gemstone may cause a significant cutback in its overall value.

However, diamond jewellery is one of the popular items people consider to use as collateral for a pawn loan.

If you are wondering how much your diamond ring is worth, fill up this online form to get an accurate valuation at no cost to you.

Determine the condition

The condition of your jewellery item will bestow a significant impact on the amount of credit loan you are likely to obtain from professional jewellery pawnbrokers in London.

Thus, before you walk into a pawn shop in London to get a loan against jewellery, it is essential to ascertain its condition.

Experts recommend cleaning and buffing any precious jewellery item. This will make the thing look better even after years and maintain its condition, preventing it from abrasions or any other damages.

Choose the right pawnbrokers to pawn jewellery

Now that you have assessed your jewellery item following the above tips, it is the time to choose the right pawnbroker to obtain a fair and accurate price for it.

The Luxury Hut London pawnbrokers have over 40 years of combined experience in the pawnbroking industry.

As one of the most trusted pawnbrokers in London, we aim to make the pawnbroking process more convenient and straightforward.

With expert evaluators always on hand, we determine an accurate price of any jewellery item, be it is a diamond ring or a vintage gold necklace.

More significantly, we aim to beat any high street pawnbroking rate.

The Luxury Hut has a viable online platform and an office at the heart of London’s Hatton Garden. Pawn your jewellery online or via appointment at our premises in London and get an instant cash loan without any hassle.

Begin the process by filling up our online form with all the details about the jewellery piece you want to pawn and get a free valuation shortly.

How to Pawn your Asset Online?

As one of the trustworthy pawnbrokers in London, The Luxury Hut aims to make the pawnbroking process easier and more convenient than ever. With a viable online platform, we provide our customers with a quick and secure way to pawn luxury assets and raise instant cash without any obligation.

The Luxury Hut pawnbrokers London offer the highest possible amount of cash loan against luxury watches, diamond and gold jewellery. Check out our online loan calculator now.

Fill up our online form, providing all the details about the asset you want pawn with us and get a free valuation today.

From filling up the online form, obtaining a quote to sending your asset and getting paid, the entire process may take as little as two days to complete. Thus, pawn your asset with us today with full confidence and get paid within minutes.

4 Things You Should Know About Pawnbroking

Pawnbroking is a simple and straightforward way to raise some fast cash using anything valuable as collateral. Indeed, it is a much easier and hassle-free way than other traditional methods of getting a loan.

A pawnbroker allows you to borrow cash based on your collateral’s value. You will obtain an instant pawn loan without any credit checks.

However, today professional pawnbrokers in London or any other big cities are continually working to make the pawnbroking process more comfortable and convenient than it has ever been.

Thus, more and more people today from all walks of life are looking for trusted pawn shops to secure a pawn loan and meet their short-term financial needs quickly.

Thus, for those who are not acquainted with the process of pawnbroking, here are some of the essential things you should know before heading out to a pawnbroker for a collateral loan.

Best Way to Raise Instant Cash

People often face the need to raise some fast cash, maybe to pay bills, invest in a new asset or to finance a vacation.

Thus, one of the best ways to obtain a little extra cash is by choosing to pawn a luxury asset. However, a pawnbroking loan is the most convenient choice for those with poor credit history.

When you bring in an item of value, your pawnbroker will evaluate your asset precisely. He/she will make a cash loan offer based on the current market value of the pawned item.

If you accept it, the pawnbroker will pay you instantly and keep the collateral securely for the contract period.

Assets you can pawn

Customers can typically consider anything valuable as collateral for a pawn loan. But it is essential to keep this mind:

  • The assets accepted as collateral may vary from one pawnbroker to another.
  • Thus, before deciding on a particular pawnbroker, it is essential to check what assets the pawnbroker accepts to lend.

However, items that are universally accepted include precious jewellery and luxury watches.

And The Luxury Hut pawnbrokers London is the only name to trust if you want to secure the highest possible amount of credit loan against watches, diamond or gold jewellery.

Pawnbroking Loans

The maximum tenure of a pawn loan is usually six to seven months. The Luxury Hut pawnbrokers in London lend against luxury watches, diamond and gold jewellery.

Customers are required only to provide valid ID proof to enter an agreement with us.

  • Once you accept our loan offer, sign your pledge receipt, and we will pay you instantly.
  • However, you will have to make a single payment at the end of your loan term.
  • A customer will pay only the interest for the loan months he/she borrowed for.

Moreover, you can retrieve your collateral any time within the loan term, paying off the loan amount and the interest due.

At The Luxury Hut, we do not have any hidden charges or early retrieval fees.

Know the value of your asset

At The Luxury Hut, our expert evaluators assess an item that customer want to pawn precisely. We determine its accurate value, considering its condition, age, brand, metal, and other relevant factors.

We make a final competitive cash loan offer based on the current pre-owned market price.

However, it is essential to know the value of your asset before bringing in to any pawnbroker.

Thus, if you want to know how much your item is worth, fill up this online form now and get a free valuation.

Moreover, for those who are wondering how much you can borrow against your item; check out our loan rate calculator for an estimated value.

Or call us at 0791 747 2203 for an instant appraisal over the phone or to book an appointment at our office in Hatton Garden, London.

The Luxury Hut pawnbrokers in London aim to beat any high-street pawnbroking rate. Thus, get in touch with us today.

4 Popular Breitling Navitimer Watches

Breitling has been one of the world’s most successful and recognised watchmakers. The brand has been a golden standard in the luxury watch industry, initially established in 1884 for meeting the needs of aviation professionals.

Since then, Breitling watches have been known for their top-notch performance and precision.

And the classic Navitimer is ideally the most iconic and well-recognised chronograph of the brand’s lineup.

Watch aficionados can hardly ignore the unique charm and personality of the Navitimer.

Interestingly, if watch lovers are asked to make a list of some iconic luxury watches, the Breitling Navitimer will ideally rank fourth or fifth following up the models like the revolutionary Rolex Daytona, the iconic Submariner and the Omega Speedmaster.

Thus, let’s today explore some of the famous and well-known Breitling Navitimer references that cherished and coveted by collectors for timeless aesthetic and persona.

Breitling Navitimer 01

The Breitling Navitomer 01 comes in contemporary case diameter, yet staying true to its original.

This pilot’s watch features an oversized 43mm case diameter with 14.6mm thickness.

  • However, the dial typically flaunts index hour markers, polished hands, printed seconds and fractions of seconds track.
  • There is also a big central red seconds-hand that tracks time up to 1/4th per second.
  • Moreover, the Breitling Navitimer 01 houses the brand’s patented Calibre B01.

It is a column-wheel self-winding chronograph that is fitted with 47 jewels and offers 70hours of power reserve.

Breitling Navitimer World

The Breitling Navitimer World features a 46mm stainless steel case with 15.5mm thickness.

  • The brand offers the model in different dial variations like silver-toned index markers on a black dial or a blue dial.
  • However, the watch comes with a large red arrow-head hand that indicates a Second Time Zone.

The Navitimer World watch sports a Slide-Rule bidirectional turning bezel.

It helps in calculating several things like nautical kilometres or miles, climbing times or fuel consumption.

Breitling Navitimer 1461

 

Next on this list, we have the Breitling Navitimer 1461 that features a 46mm steel case size.

Interestingly, the watch flaunts an exclusive blue “Aurora” dial, as well as sub-dials.

  • However, the dial comes with applied steel luminous index hour markers, polished luminous-filled steel hand, and seconds & a fraction of seconds track.
  • The Navitimer 1461 also comes with a large arrow-head red hand and the Slide-Rule bezel complication.
  • Moreover, the watch is equipped with 38 jewels and has nearly 42hours of power reserve.

Breitling Navitimer Cosmonaute

And on number four, we have the exclusive Breitling Navitimer Cosmonaute, designed especially for space travel.

Breitling fitted the model with a 43mm stainless steel case in satin/matte finish and has 13.85mm thickness.

However, the manufacturer treated the steel case with a durable carbon-based black finish.

Now:

The matte black dial displays the time in a 24-hour format, designed exclusively for space voyages.

  • The fact is that the 24-hour mode helps the astronauts from any confusion between AM and PM.
  • Moreover, the Breitling Navitimer Cosmonaute features the bi-directional Slide-Rule turning bezel.

The watch consists of 39 jewels and offers power reserve up to over 70 hours.

Are you looking to pawn your luxury watch in London?

For those who are looking to pawn luxury watches and raise instant cash, get in touch with the trustworthy pawnbrokers in London at The Luxury Hut.

We at The Luxury Hut offer a secure and straightforward way to pawn luxury watches online or via appointment.

As the trusted pawnbrokers in London, we aim to lend the highest amount of cash loan against any luxury watches pawned with us.

With expert evaluators always on hand, we determine an accurate price of a luxury watch, considering all essential aspects and current market price.

Are you wondering can you pawn a Rolex watch? Then, the answer is yes.

Our process of pawnbroking is simple and convenient. It may take as little as some hours to complete.

  • Fill up our online form
  • Receive a free competitive quote
  • Send your watch or bring in at our office in Hatton Garden, London (by appointment)
  • Get your final cash offer
  • Accept it & get paid within minutes.

Call us on 0791 747 2203 for an instant appraisal over phone or to book an appointment.

Top 5 Most Expensive Watches Ever Produced by Rolex

rolex pawn

Rolex is indeed synonymous with luxury, quality, class and also, a brand to aspire to for many collectors. Since its inception decades ago, this Geneva-based Swiss brand continues to possess the same appeal today. Interestingly enough, Rolex takes up some of the highest positions for the most expensive timepieces in the history of watchmaking.

Today, we have come up with a list of the five most expensive Rolex watches ever made by the brand, based on their valuation or sale price. Have a look!

1. Rolex Paul Newman Cosmograph Daytona

The Paul Newman Rolex Daytona may look relatively standard to the untrained eyes. However, the eye-catching Daytona that belongs to the iconic actor Paul Newman is supposedly the most valuable watch the brand has ever created. While Paul Newman wore the timepiece every day, it is often referred to as the ‘Paul Newman’ Rolex Daytona.

In 2017, the Paul Newman Rolex Cosmograph Daytona watch was sold at auction for an astronomical price of about £14.4 million.

Want to raise instant cash? Pawn your Rolex watch today with the trustworthy pawnbrokers London.

2. Rolex Bao Dai

The Rolex Bao Dai is one-of-a-kind Rolex watch, owned once by Bao Dai – the final emperor of Vietnam. And, when it comes to royalty, Rolex watches always command an astounding price. However, the watch was made from 18ct yellow gold and featured a black dial along with diamond markers. You can merely predict the value of this watch from its appearance.

This exquisite gold Rolex sold for nearly £4.04 million at auction a few years ago, making it the second-costliest timepiece ever produced by Rolex.

3. Rolex Antimagnetique

The Rolex Antimagnetique portrays the old world of horology whose value has sprouted over time. The watch was produced only 12times, and the manufacturer had never released it to the wider public. However, Rolex is known to have gifted the watch exclusively to racers and drivers in 1942.

This elegant and classic example of old-world Rolex sold for an eye-watering £2.03 million in 2016. While there is only a dozen of this watch in the market, it seems that the Rolex Antimagnetique watch’s value will increase with time.

pawnbroking

4. Eric Clapton’s Rolex Cosmograph Daytona Albino

Introduced in 1971, the Cosmograph Daytona Oyster Albino is a classic and sophisticated watch in its way. However, it is another beautiful Rolex timepiece that became extremely famous for its noteworthy owner, Eric Clapton. This Cosmograph Daytona was one of the four with unique silver chronograph totalizers, featuring a classic silver and black design. This led to the Oyster Albino colourway.

Eric Clapton’s Cosmograph Daytona Albino sold at auction for £1.13 million in 2015.

5. Rolex GMT-Master II Ice

Created in 2014, the Rolex GMT-Master II Ice is made from white gold, embellished with sparkling diamonds on every inch. Extremely luxurious, alluring and plopping with diamonds, there is ideally nothing overnice about this magnificent watch. When it comes to staggering luxury, only a few timepieces can pretty match up to the Rolex GMT-Master II Ice.

Whatever Rolex watch you consider to be the most expensive in any way, we cannot deny that something is charming about each Rolex model mentioned above.

However, for those who are looking to get a loan against Rolex watches, get in touch with any trustworthy London pawnbrokers like at The Luxury Hut. With professional pawnbrokers London at The Luxury Hut, you are likely to obtain the best possible amount of credit loan based on the actual value of your luxury watch.

Why Should You Not Open a Watch Yourself?

Many people tend to open their luxury watches themselves usually for two reasons. One is, to change the quartz battery or assess any water damage, second, to check out the serial or model number of the watch. Regardless of any reason, you may have for opening a timepiece; the asset can be exposed to unnecessary damage and expensive repairs.

Thus, the popular question that many luxury watch owners often ask is ‘Should I open a watch myself?’ or ‘Will opening a watch myself depreciate its value?’

While watch experts do not recommend opening a luxury timepiece yourself, the straightforward answer to the above question is you should not open your watch yourself as it is likely to depreciate its value.

A luxury watch should be indeed only be operated on by a specialist watchmaker or professional pawnbrokers London. Why? This is because they possess the necessary experience, knowledge and more significantly, the right equipment to disassemble, reassemble as well as repair a watch.

OPENING A WATCH CAN LEAD TO SIGNIFICANT DAMAGES

The sturdy construction, expensive components and intricate complications enable a luxury watch to last for a lifetime. Indeed, a luxury watch requires proper care as well as regular servicing to let them retain its value as much as possible. Eventually, like many others, you can use your watch as collateral and take out a pawn loan from trustworthy pawnbrokers in London or ‘pawnbrokers near me’ during short-term financial needs. You are likely to obtain a higher amount of credit loan for a luxury watch in good working condition.

However, while luxury timepieces attain outstanding durability and reliability through their brilliant craftsmanship, the high-quality materials used in designing their case contribute a lot to their sustainability. The watch cases are durably constructed to prevent the movement from any intervention of dust, moisture and other unnecessary particles.

Most luxury watchmakers purposefully design their watchcases in such a way that only a skilled hand with the specialised tool can open it, thereby preventing unauthorised openings. However, once you open your watch, it needs to be appropriately sealed again, and only a watch professional with the necessary skills and tools can do it correctly.

Otherwise, your timepiece will get exposed to moisture and dust. Keep in mind that a single drop of water in the movement can cause significant damages. Moreover, you are likely to break your watch’s warranty once you open it. Many watch cases come with moisture sealing stoppers that are specific to every watch model. These gaskets need replacement every time you open the watch.

However, while opening and closing a case, you may even dent or scratch the bezel, case, crystal or crown. All these aspects can significantly influence your watch’s actual value. If you opt for a pawn loan using this watch as collateral, your trusted local ‘pawnbrokers near me’ or professional pawnbrokers London may take into consideration all these factors before determining the final credit loan amount they are willing to lend against your asset.

WHY SHOULD A WATCH PROFESSIONAL ONLY OPEN A WATCH?

Professional watchmakers, watch dealers and experienced pawnbrokers in London or any other big city have the requisite experience, skills as well as proper tools to repair, disassemble and reassemble any luxury watches. They meticulously examine all essential aspects of a watch like its bracelet, crystal and movement while servicing. A luxury watch requires servicing every five to ten years to ensure optimal performance and accuracy for many years to come.

The watch professional will disassemble the movement, inspect every component for wear and tear and also, replace the old parts with original components (if necessary). Each component is cleaned ultrasonically, and the movement is greased to reduce friction and damage.

BEST WAYS TO MAINTAIN THE VALUE OF YOUR WATCH

Here are some quick tips for retaining and also, to appreciate your watch’s value:

  • Store the watch securely when you are not wearing it
  • Have your watch serviced every five to ten years and keep its service receipts
  • Keep the original box and papers of your watch in good condition as it will verify your asset’s authenticity.

For those who are wondering ‘what is the value of my pre-owned watch?’ Get in touch with your trustworthy local ‘pawnbrokers near me’ or pawnbrokers London like at The Luxury Hut. Professional pawnbrokers have years of experience and rich knowledge of the second hand luxury watch industry. To get started, fill up their online form and get a fair price quote for your watch.

5 Interesting Facts You Probably Didn’t Know About Pawn Shops

5 Interesting Facts You Probably Didn’t Know About Pawn Shops

Pawn shops first turned up more than 3,000 years ago. A pawn shop used to provide credit to the peasants while being regulated by Imperial authorities. While pawnshops once had an ugly disgrace for taking advantage of the poor, its business model was also misunderstood. The upturn in the pawnbroking industry came during the 1980’s credit boom, and it continued to thrive today serving as the most convenient way to raise cash in short-term financial needs.

Pawnbrokers, including your trustworthy local pawnbroker in London, come with a fascinating historical background. If you are interested to know, take a look at some of the facts given below that you probably did not know about pawn shops:

1. Pawnbroking for voyage

Queen Isabella of Spain was reportedly known to have pledged her crown to fund the first journey of Christopher Columbus to the New World in 1492. Recently, this notion has been deflated, and it is said that Queen Isabella already had pawned many of her jewellery before Columbus was ready to sail.

The pawned jewellery items of the queen included a necklace adorned with ruby and pearls that she received as a wedding gift from King Ferdinand and the crown of Castile. While Queen Isabella pawned her jewellery to pay for the campaigns against the Moors and to raise money for the Spanish Inquisition, it is also believed that she may have pawned some small pieces to Columbus. This was an endorsement that brought many other investors like the Santa Hermandad Police Organisation.

2. The Patron Saint of Pawnbrokers

The patron saint of pawnbrokers, Saint Nicholas preserves a legacy as one of the most kind-hearted human beings to have ever existed on the earth. As the story goes, Saint Nicholas who was known for his benevolence gave three bags of gold each to three impoverished girls so that they could get married.

It is also often believed that he dropped the bags in secret, down the chimney so that no one could know the benefactor.

3. The Symbol of Pawnbrokers

The three gold spheres hanging from a bar is the international symbol of pawnbrokers. While there are many stories related to the origin of this symbol, some people associate it with the famous Medici family of bankers, monarchs and also, Popes.  As the legend goes, a member of this clan killed a giant with the help of three bags of rocks.

Some believe that the three balls represent these three bags of rocks, while others say the three spheres are symbolic of the story of Saint Nicholas and his three bags of gold.

4. The Pawn song ‘Pop! Goes the Weasel’

The nursery classic ‘Pop Goes the Weasel’ dates back to at least the mid-19th century. In one of the British versions, the song seems to be tied to pawnbroking.

Take a Look at these lines:

‘Up and down the City Road

 In and out of the Eagle

That’s the way that money goes

Pop! Goes the Weasel’

Here, the word ‘Eagle’ may refer to the popular Eagle Pub of London and ‘weasel’ has been assumed to be the ‘Cockney slang’ for jackets. Thus, the song may indicate that a patron has spent much on alcohol and so, had to pawn his coat.

5. Jewellery is the most common pawned item

Although the assets accepted as collateral may vary from one pawnbroker to another, the most common item that people consider to pawn and also universally accepted is jewellery. Gold, silver, diamonds and other precious gems possess inherent value.

Moreover, jewellery items often bear a sentimental value, and it ensures that customers will return to reclaim them by paying off the loan amount and the interest due.

Tips on Pawning Your Diamond Jewellery

pawning your diamond jewellery

If you have a diamond ring and want to raise some quick cash, you may wonder whether it is worthwhile to pawn it for generating quick cash. When fast money sounds requisite to you, and you do not also mind to part with one of your precious items for a particular term, pawning may be the best option for you. You can pawn your diamond ring to any reliable high street pawnbrokers in London or any other big city and raise the money you need, while still retaining the right to retrieve your asset after the loan time expires or whenever you want, paying the loan amount along with the due interest.

But before you head out to visit a pawn shop near you, have a look at these tips to get the most out of your precious diamond jewellery:

Know your asset first

Diamonds are priceless gems and absolutely, for a good reason. Whether your diamond ring is a family heirloom that passed down to you or an engagement ring from a broken relationship, the more you know about the asset, more comfortable it will be to determine the price that you can expect to obtain.

While it is requisite to know the actual value of your diamond jewellery you are interested in keeping as collateral for a pawn loan, you should also have a good idea of its quality and authenticity. And that is when a pawnbroker may come in handy. Getting an appraisal from some of the well-established and trustworthy pawnbrokers in London is always a good idea, usually for two reasons:

One, you will be able to know about your diamond’s characteristics like shape or cut and condition.

Second, the pawnbroker can estimate the real value of your asset based on these aspects and the current market price as well as explain to you the factors that may influence the value of your diamond jewellery item.

Professional and long-established pawnbrokers also have a convenient online platform where you can fill up a free quote form and receive a no obligation valuation in less than no time.

It is about the carat Marks

As with any diamond jewellery, a pawnbroker will determine the value of your diamond piece according to its carat. Although diamonds are priced based on four standards, the most significant of the four is carat.

Thus, it is essential for you to pay attention to the gold carat markings like 14ct, 10ct and 18ct on the diamond jewellery item you are about to pawn, as your pawnbroker will explicitly look for these markings to appraise your item accordingly.

Clean your diamond jewellery

Ideally, cleaning your diamond ring or other diamond items is the best way to exhibit the carat markings and make it presentable as much as possible to ensure a good deal. While streaks or smears can undoubtedly dull the brilliance of your diamonds, such wear and tear may also result in a significant cutback on the loan amount that a pawnbroker is willing to offer. Thus, cleaning your asset is prerequisite before you pave the way to a local pawn shop as it may add a lot to the value you expect to secure from it.

For those who are wondering:

How to clean a diamond ring or any other diamond jewellery?

You can use mild dish soap and mix it in water to make a handy de-greasing solution. Clean your gem once or twice in a week and make sure to use a toothbrush or any soft utensil for scrapping.

Conversely, you can use a jewellery cleaning solution formulated especially for cleaning diamond jewellery. Such solutions can indeed help you to weed out even the most robust junk and dirt, and eventually, bring in a good deal in the end.

It is always smooth and hassle-free to get a loan against diamond jewellery from a trustworthy local pawnbroker in London or any other big city, online or via appointment. With professional evaluators on hand and secure online platform, you can opt for a pawn loan filling up an online form from the comfort of your home or any other place. Alternatively, you can bring in your diamond ring to their brick and mortar office (by appointment) and receive an instant cash loan offer without any credit check.

5 Things to Consider Before Pawning Any Luxury Item in a Local Pawn Shop

local pawn shop

When tough times hit hard, people often look to pawn shops to acquire value from their luxury assets, securing a safety pawn loan that covers short-term financial needs. Not only does a pawn shop offers an excellent way of raising money off the things that you probably do not use or want, but a pawn shop is also a place where you can secure an instant cash loan without troublesome credit checks. While more and more people are now turning to pawnbrokers for procuring instant loans, high-end pawnshops are monitoring their security systems carefully to shield their inventory.

If you are considering visiting a pawn shop to unlock the value of your luxury item, here are five things that you should consider before accepting offers:

pwan rolex london

Track record

With the increasing popularity of some TV shows that focuses solely on pawn shops, more individuals are opting for the convenient pawnbroking service to pawn as well as sell their valuables. However, before you visit a local pawn shop, it may be worth considering two things:

  1. how long the pawn shop has been in this business?
  2. how long they have been at their present location?

Look:

It is always important to choose a well-established business that has had a long track record and pleasant dealings with the community. Here at The Luxury Hut, we pride ourselves on our proficiency to provide our potential customers with elite service for many years.

Qualified team

When you choose to pawn or sell a luxury asset, it is essential to have an idea about the possible value of your item in the recent market before walking in the door of a pawn shop. Keep in mind:

Virtually all reputed and reliable pawn shops in London or any other big city have a qualified team of professionals who have extensive knowledge and experience to assess an accurate value of any luxury asset.

Want to know the best part?

With more than 40 years of experience, experts at The Luxury Hut are always on hand to provide you with their unsurpassed and expertise valuation service at no cost to you. Just call us on 0207 242 5411 to communicate with one of our team members and get expert advice on our fantastic pawnbroking or selling process without any obligation.

Legitimate business

When you decide to sell or pawn with The Luxury Hut, you may wonder:

‘Is The Luxury Hut properly licensed?’ or, ‘How The Luxury Hut is regarded among its trade organisations?’

Although there may be media speculation around pawnbrokers, often portrayed negatively in the press, the fact is that all pawnbrokers are now heavily regulated and required to acquire a license from the Financial Conduct Authority to trade. And, we at The Luxury Hut are also the members of the National Pawnbroking Association and strictly adhere to their guidelines.

Ways to value a luxury asset

You might be wondering:

‘How does the process of valuation work?’ or, ‘Does the appraisal process wholly describe your asset?’

Look:

If a pawnbroker does not carry out the process of valuation precisely and carefully considering all the significant aspects, you may not end up getting the actual value that you can potentially obtain.

The Luxury Hut executes elaborate valuation process, aided by our team of experts that includes a close assessment of every item on its merits and innate qualities as well as crucial aspects like the brand, age, and condition to provide our customers with the best offers possible in the market.

Security of items

As already mentioned above, a good pawn shop always monitors their security systems carefully for protecting their inventory. A pawnbroker is conscious of the fact that poor storage facility can hamper his/her business. While in his/her possession, if valuables are destroyed or stolen, customers will never want to engage in future and it may potentially run the business to the ground.

As with any trustworthy high street pawnbrokers, The Luxury Hut stores all precious assets safely in special holding vaults that are fully secured and insured.

Thus, get in touch with the experts at The Luxury Hut today and pawn your luxury asset with confidence and peace of mind. We are happy to help you wherever we can, making the process of selling and pawnbroking easy, secure and straightforward for you.

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