Diamond Ring Loan
Millennials of today are losing the interest in diamonds; different from generations before them. While grounded in logic, the idea of paying a few month’s salaries for a little rock just doesn’t work. Despite lowering demand in diamond rings, their value is still immense and not dropping at any point soon. Diamond rings from big to small are still worth hundreds to thousands of dollars, and if you’re in Mesa, Tempe, or Chandler and are in need of fast cash, then our diamond ring loans are just what you need. At Oro Express Chandler Pawn and Gold, our diamond ring loans have been helping residents out of financial distress; this has happened for well over a decade. Now we can help you get back on your feet in a matter of minutes!
Valuing Diamond Rings – the Most Important Step
In order to provide a collateralized diamond ring loan, it’s necessary for our associate to come up with accurate values. This will be based on the ring at hand. It takes both a great deal of training and experience in order to be able to confidently get this number right. Especially due to the complexity and uniqueness of diamond rings, there’s simply no substitution for experience. Fortunately, all of our associates go through a rigorous diamond valuation course. This is done as well as having a great deal of on the job experience.
When you bring your diamond ring on down to Oro Express Chandler Pawn and Gold, our associates will begin their inspection. Typically, the diamond is standalone. However, should it fit in some kind of precious metal like gold or silver, we’ll start by coming up with a price for this. For all of our diamond ring loans, we carefully evaluate both the diamonds and metals separately so that the price is fair and accurate for the piece as a whole. These steps can be found on our Gold Loan and Silver Loan pages.
Diamond Ring Inspections
Our inspection is catered around the Four C’s of Diamonds: Cut, Color, Clarity, and Carat. Some of these can be simple; even an untrained eye can rate (cut and color). Other aspects, like clarity, need a trained eye as well as a special tool called a loupe. It is not uncommon for diamonds to have inclusions within the actual diamond itself and difficult to find impacting the price significantly. All in all, these factors come up to a cash offer for your diamond ring loan. Should you accept, we put cash in your pocket! Your diamond ring sits in our safe, and secured vault for the duration of your loan.
Repaying Diamond Ring Loans
For all of our diamond jewelry loans, customers have a period of ninety days during which they can come in and repay the principal plus interest of the loan in order to reclaim their diamond ring. At the end of the ninety-day period, we’re happy to provide customers a loan extension for another 90 days. This is made possible by paying the interest up to that point
If you have a diamond ring in Mesa, Tempe, or Chandler, then we’re the only pawn shop you should visit for a diamond ring loan. We can guarantee you’ll have cash in hand in a matter of minutes.
