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.
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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.