Selling fine jewelry—whether it’s a single designer piece, a high-end watch, or an entire estate collection—is a big decision. Diamond Banc’s St. Louis location is the top choice for clients across St. Louis, Clayton, Ladue, and nearby areas looking to get maximum value for their high-end jewelry. Here’s why people in St. Louis trust Diamond Banc as their go-to jewelry buyer when they’re ready to sell.

Why People in St. Louis Sell Their Jewelry

There are many reasons why people decide to sell their jewelry, from freeing up funds to upgrading their collection. Here are some of the top motivations for St. Louis residents:

1. Upgrading to New Designer Jewelry

As personal tastes evolve, that classic Tiffany & Co. diamond ring or Cartier Love bracelet may no longer suit your look. Selling your designer jewelry can help fund an upgrade to a newer, custom piece that better reflects your current style. Diamond Banc offers high payouts for luxury jewelry in St. Louis, making it easy to turn your jewelry into cash.

“I wanted to upgrade my engagement ring but needed funds to make it happen. Diamond Banc in St. Louis offered me a fair price for my Cartier jewelry, and the process was seamless.” – Emily R., St. Louis

2. Financial Flexibility and Quick Access to Cash

Jewelry is a valuable asset, and selling it can provide liquidity in times of financial need or opportunity. Whether you’re investing in a business, purchasing real estate, or just need cash on hand, Diamond Banc’s competitive offers make it easy to turn your jewelry into funds. 

3. Simplifying or Downsizing Your Collection

If you’re embracing a minimalist lifestyle or downsizing, parting with jewelry you no longer wear can be both freeing and financially rewarding. Diamond Banc’s St. Louis location offers a clear and supportive process, so you can sell single pieces like a Van Cleef & Arpels necklace or a Harry Winston ring, as well as entire estates.

“Embracing minimalism, I chose to sell some of my designer jewelry. Diamond Banc in St. Louis made the process easy, and I felt confident I was getting a fair deal.” – Sarah L., Ladue

4. Selling Inherited Jewelry That Doesn’t Match Your Style

Family heirlooms are meaningful but may not align with your taste. Rather than keeping a Patek Philippe watch or Bvlgari necklace in storage, many clients in St. Louis choose to sell their inherited jewelry. Diamond Banc respects the significance of these items and offers fair market value, making it possible for you to turn an heirloom into a valuable resource.

5. Turning Past Gifts or Jewelry from Previous Relationships into Cash

Jewelry from past relationships or significant occasions may no longer hold meaning. Selling items like a Rolex watch, Bvlgari ring, or Van Cleef & Arpels bracelet allows you to put the funds toward something new, like travel, education, or a special project. Diamond Banc’s St. Louis jewelry buying service is known for offering competitive cash payments on single designer items or full collections.

“After a breakup, I had a diamond ring and other pieces I no longer wanted. Selling them to Diamond Banc in St. Louis was a positive experience—they offered a fair price, and I felt respected throughout the process.” – Alex P., Chesterfield

Types of Jewelry Diamond Banc Buys

At Diamond Banc in St. Louis, we buy a wide range of fine jewelry, including:

• Designer jewelry from brands like Cartier, Tiffany & Co., Bvlgari, and Harry Winston
• Luxury watches from brands like Rolex and Patek Philippe
• Diamond engagement rings and wedding bands
• Estate jewelry collections, whether single pieces or full estates

Whether you’re selling a single piece or a full collection, Diamond Banc in St. Louis is the trusted jewelry buyer with the expertise to provide a fair market price.

How to Sell Your Jewelry at Diamond Banc in St. Louis

Get A Quote

What is your item worth?

Complete our simple online submission form & tell us about your item. Our team of experts will contact you with an initial quote.

Start a Quote

Expert Evaluation

Mail-In or In Person

We provide you with a fully insured shipping label to send your items to our headquarters for final evaluation. Or, visit a Diamond Banc office near you to complete your transaction in person.

Get Funded

Via Check or Wire Transfer

If you accept our offer, we will issue payment immediately via check or wire transfer.

Ready to Sell Your Designer Jewelry for Cash?

If you’re ready to turn your luxury jewelry into cash, visit Diamond Banc in St. Louis today or submit your piece online. We’re here to make the selling process simple, supportive, and financially rewarding.

Location: 7701 Forsyth Blvd., Suite 750, Clayton, MO 63105
Get Started: Submit your jewelry details
Schedule an Appointment: stlouis@diamondbanc.com | (314) 555-1234

The post 5 Compelling Reasons St. Louis Clients Trust Diamond Banc to Sell Luxury Jewelry appeared first on Diamond Banc.

Over the past decade, there have been rapid fluctuations in the value of goods, such as housing, stocks and even food. Perhaps nowhere has this trend been more apparent than in the consideration and evaluation of the price of gold. Since July of 2022, the price of gold has reached unsurpassed heights, yet, this shift has occurred rapidly following vast fluctuations in value over the past decade. Beginning in 2012, the price of gold fell rapidly. From September 2012 to June 2013, the value of gold decreased by roughly 30%. Although there have been minor fluctuations in the value of gold following June 2013 the price for gold continued to steadily decline until 2015. From 2015 to 2018, the price of gold remained relatively steady, without many fluctuations in its value. However, as 2018 began to draw to a close, the price of gold steadily began to increase. The pandemic of 2020 catalyzed this bump in value, driving the price of gold to unprecedented heights.

As this value has increased, it has raised a question regarding the best time to sell your gold. Is it best to look for a gold buyer when gold is at an all-time high or is it better to wait it out, to see if the price continues to increase? This is an important consideration for anyone looking to maximize their investment in gold. However, predicting the future with absolute certainty is an impossible feat. Instead, we offer these 3 tips on identifying the right time for anyone looking to sell their gold. 

1. Know that the future is impossible to predict with 100% certainty 

The hardest feature of the future is knowing that we may never know what to expect with 100% certainty. This is also true when it comes to the economy. As a result, it’s important to consider that the price of gold may fluctuate. As a result, it can be a good idea to track market fluctuations so you can adapt accordingly when seeking a gold buyer. However, the good news is that the price of gold tends to remain relatively constant over short intervals. As a result, you can adjust quickly in response to factors such as value decrease, to protect your investments in gold.  

2. Focus on your own needs

Ultimately, you understand your financial circumstances better than any gold buyer. As a result, you can evaluate the urgency of selling your gold. If you find yourself in a position where you need immediate access to liquidity, it may be a better idea to utlize your gold sooner as opposed to later. However, if you have more time it may be a better idea to wait to see if the value continues to increase before you commit to selling your gold. Regardless of your decision, adjusting your plans based on your own needs is always a good idea to determine which solutions work best for you. 

3. Stick with a gold buyer you trust. 

At the end of the day, when selling gold, sellers are reliant on buyers to ensure maximum return. As a result, it is a good idea to work with a buyer you trust. Make sure you check a gold buyer’s online reviews to ensure that a buyer has maintained a good reputation for their services. Similarly, a good buyer will be able to answer questions pertinent to your specific situation. As a result, it’s a good idea to come to a gold buyer with plenty of questions prior to settling on your ideal gold purchaser. 

Diamond Banc makes it easy to sell your gold. We offer one-on-one support with our national team of market directors to ensure you receive the most for your precious metals. We are happy to answer your questions and will fight to ensure that you receive the highest values for your precious metals. 

Get started selling your gold today!

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In general, it is expected that the diamond industry will remain stable for diamond buyers between 2023 and 2030, with only a few online mine projects, the purpose of which is to help recovery.

The positive changes in the diamond industry were already noticed in 2021 when diamond mining-derived revenue increased by 62%. Two of the industry’s most significant yearly revenue draws were the Valentine’s Day season and the Chinese New Year.

SHOPPING TRENDS AND THEIR IMPACT ON THE JEWELRY INDUSTRY

The most common diamond trends in 2022 are straight from diamond experts.

UNIQUE SHAPES

In 2022, people will be more interested in unique and unusual diamonds, such as ovals, pears, and emerald cuts, which were popular in the past. They are becoming popular again among the upper class and royalty. People also want to have something unique and different, signifying something personally.

LAB-GROWN DIAMONDS

Many diamond experts say that lab-grown diamonds are flying off the shelves right now because people are more interested in eco-friendly diamonds. Lab-grown diamonds are created in a lab, which means less negative environmental impact of mining, lower prices, and increased toughness.

BIGGER DIAMONDS

In 2022, customers are buying bigger diamonds, which is expected to continue. It might be a post-pandemic surge to make the most out of every purchase. One of the main reasons people prefer lab-grown diamonds this year is to get more giant stones for less money.

It is also expected that the new year will be characterized by the boom of the wedding ring business. Many couples can finally move forward with their wedding planning after postponing in 2020 and 2021. Couples are even purchasing a second set of their wedding rings with diamonds.

Also, gender-free engagement rings are becoming more and more popular. Young millennials who represent Generation Z and LGBTQ communities consider gender labels a thing of the past. For this reason, in 2022, custom engagement rings that feel unique are becoming more and more popular.

One of the most critical trends blossoming in 2022 is multi-stone engagement rings characterized by a mixture of old and new stones. Typically, they include four different types of settings, such as Cluster rings, Three-stone rings, Gypsy rings, and Toi Et Moi rings.

Dave Marcotte, senior vice president of global research art retail advisory group Kantar Consulting highlights the following shopping trends in 2022:

• Shoppers prefer high-value items to high-volume things. That means that in 2022, they will become more discerning about how the things they buy affect their quality of life.
• In-person shopping will remain the preferred shopping method. As a result, online shopping and commerce will become more convenience-oriented.
• After several years of the pandemic and travel restrictions, international tourism is gradually back, characterized by increased international flights and cross-border travel. It all is associated with duty-free, luxury retail in airports, urban flagships, and upscale malls.
• Another new year trend is a spike in graduations, weddings, and anniversary occasions. As a result, there is a need for unique gifts and commitment items.

THE IMPACT OF COVID AND LOCKDOWN ON THE JEWELRY MARKET AND INDUSTRY

 
The pandemic, outspread of COVID-19, and lockdowns have significantly impacted the modern jewelry market. The high-end chunky jewelry and high-value diamonds, especially popular in the Middle East and the Far East, are characterized by a significant downfall.

Also, just like many other industries, the jewelry industry underwent several catastrophic events, including postponed events, canceled shows and exhibitions, and severe financial losses for gold and diamond buyers and sellers.

The coronavirus and lockdown period have created the feeling of uncertainty. The uncertain economic situation and the future led to the imbalance in sales and exports. Thus, between December 2019 and March 2020, the gem and jewelry export has declined by 11.32%. Then, in April 2020 and February 2021, the export has reduced by over 34% compared to the same period the previous year. For this reason, the manufacturers, exporters, and sellers need to understand the current market situations and act accordingly. It is not the best idea to wait and rely on the government.

WHAT ARE THE POST-COVID CONSEQUENCES AND CHALLENGES FOR JEWELERS AND MANUFACTURERS?

 
One of the main reasons behind the severe impact on jewels and gems was the shutdown of physical retail stores worldwide. For example, in March 2020, the pandemic shut almost 75% of all jewelry retail stores in Mainland, China. In addition, the measures that the government took in China halted the diamond trade and other business-to-business activities in industry important regional trade hubs. Another cause is that the jewelry industry is a highly export-oriented and labor-bounded sector. Many laborers left and went to their native places, which caused a significant decline in export.

The COVID-19 measures taken at the beginning of 2019 resulted in the fall of diamond prices, including significant trading operations and route disruptions. For example, imports of rough diamonds in India plunged from $1.5 billion in February to $1 billion in April.

The COVID-19 pandemic and restrictions have significantly affected several mining countries, including Australia, Russia, Canada, Botswana, and the Democratic Republic of Congo. The coronavirus crisis has affected production and demand, which caused supply chain and market disruptions and affected the global financial markets.

There is a severe risk of the permanent closure of mines, so many diamond miners are seeking ways to extract more value from their mines regardless of the significant market downturn. Also, many gem workers continue abandoning their mine sites to find other means of livelihood, one of which is agriculture.

However, even though diamond miners and traders are concerned about the fall in prices, the pandemic is the best time for diamond consumers. The diamond prices are favorable right now and have never been more appealing. Many affluent investors are currently purchasing large and high-quality diamonds by taking advantage of the gradual ease of the lockdown in some countries.

Also, despite the global coronavirus crisis, many diamond mining companies, including Alrosa and De Beers, decided to move to defend their markets. They are trying to protect their needs and value by restricting rough-diamond supply.

After the coronavirus and pandemic paralyzed the diamond and jewelry industry, De Beers decided to reduce the price of their diamonds. They cut the costs of their rough diamonds that are above 1 carat. As a result, the sales of De Beers rose 11% year on year to $320 million during August 2021.

After several years of the pandemic, many countries decided to lift coronavirus restrictions. Many retailers who could adapt their businesses to online commerce and trading have increased sales.

Today, many diamond miners in different parts of the world are looking for innovative methods and work methods to protect the diamond industry.

SELL YOUR GOLD OR DIAMOND JEWELRY TO DIAMOND BANC

 
2022 is the perfect year for selling your gold or diamond jewelry. If you are looking for a reliable company that buys used diamonds, Diamond Banc is the ideal choice. Diamond Banc is the nation’s premier jewelry and diamond buyer and lender with over 125 years of expertise in the diamond business. 

The mission of Diamond Banc is to provide clients with peace of mind and operate based on such principles as transparency, security, and transactional integrity. We are known for clear communication and a client-driven culture.

At Diamond Banc, we are ready to buy the following:

• Fine jewelry by Graff, David Yurman, Tiffany & Co., and high-value fine jewelry of any type
• Engagement rings, wedding bands, complete wedding sets, etc.
• Loose diamonds from 0.5 carats and larger. They can be both certified and uncertified. We are ready to provide you with a free evaluation of your diamonds.
• Gold and silver items and jewelry
• Luxury watches by Rolex, Omega, Patek Philippe, and other brands.

 
We understand that searching for reliable and trustworthy jewelry and diamond buyers can be overwhelming. With Diamond Banc, you do not have to search anymore. We give our clients various selling options that fit any individual situation and circumstance.

Diamond Banc is the nation’s top-rated jewelry buyer & lender. Visit one of our nationwide locations, or work with us from the comfort of your home.

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The post Key Diamond Industry Trends To Look Out For In 2022. appeared first on Diamond Banc.

To differentiate between these precious metals and make an informed decision, consider reading to the end. You will discover significant differences among these four metals and how they stand out from one another. There are significant differences between Platinum, White Gold, Yellow Gold, and Rose Gold.

Platinum vs. White Gold

The two metals look similar; however, they differ in material composition, cost, color, and care.

COST

There exists a significant price difference between these two metals. Platinum metal is denser than gold, requiring the manufacturer to use more of it when producing a ring. As a result, the platinum ring has greater value.

MATERIAL COMPOSITION

Jewelry made of platinum metal is about 90% – 95% pure, and the remaining percentage comprises silver or rhodium. However, jewelry made of white gold is usually a mixture of different metals with only 42% – 75% gold and the remaining percentage comprising metals like nickel, copper, and zinc, among others.

COLOR

When Platinum is compared to white gold, they appear similar to the naked eye. However, when compared to yellow or rose gold, there is an instant difference between them.

CARING

Based on the composition factor, you might think that platinum is superior to gold. However, the higher purity of platinum brings higher risk of scratching compared to jewelry made of gold. Thus, with a platinum ring, you will be required to regularly seek maintenance services instead of one made of gold. The good news is that platinum is easily refinished with minimal metal loss due to the polishing process. 

Differences Between White vs. Yellow vs. Rose Gold

White vs. Yellow vs. Rose Gold

Assuming that you have opted for a gold ring, the next question is, what type and color? Since they are all gold, we examine two primary differences and use their material composition, pros, and cons to differentiate them.

COLOR

The primary difference between white, yellow and rose gold is in color. The different colors are a result of the non-gold alloy metals mixed with the pure yellow gold. 

WHITE GOLD

White gold comprises a mixture of anywhere from 42% – 75% pure gold, and the remaining percentage includes other white metals like silver or nickel with a rhodium coating.

PROS

1. It is alloyed with strong metal
2. It is affordable compared to other metals like Platinum
3. It perfectly complements the white diamond
4. It perfectly complements rosy or fair skin tones

CONS

1. It requires regular maintenance of dipping it into rhodium plating to retain its color and luster.
2. It can cause an allergic reaction to the user. Since it is mixed with other metals like nickel, it can be risky if one is allergic to such metals.

YELLOW GOLD

Yellow gold is composed of pure gold and alloy metals like copper and zinc. The amount of pure gold will depend on the amount of karat. If you prefer a higher pure gold content, consider purchasing jewelry with high karat. However, for engagement and wedding rings, 14k or 18k gold is recommended.

PROS

1. It has the purest color of all types of gold.
2. It is the most hypoallergenic gold metal compared to other gold colors.
3. It is the most popular gold type for making wedding and engagement rings.
4. Easy to maintain compared to other gold types

CONS

1. It needs regular polishing and cleaning
2. It is prone to scratching easily

ROSE GOLD

Rose gold comprises pure gold alloyed with copper and silver, giving it the rose color. For a dense red color, increase the amount of copper.

PROS

1. It is universally fashionable for both men and women
2. It is fairly affordable compared to other types of gold
3. The presence of copper makes it more durable

CONS

1. It is not a hypoallergenic metal
2. It is not readily available

Introduction To Platinum And Major Differences Compared To Other Metals

Platinum is a naturally occurring white metal usually utilized in its most pure form in jewelry making. Despite being relatively similar to white gold in color, it differs from other precious metals like silver.

Platinum vs. Silver

COLOR/APPEARANCE

To the naked eye, both metals appear to be silver, and besides, they both have a gray undertone while white gold has a yellow undertone. However, irrespective of the gray undertone they share, platinum metals are shinier and brighter than silver, which has a dull gray appearance.

DURABILITY

Platinum is a dense metal that increases its durability and resistance to corrosion. However, silver is a soft metal and therefore corrodes, tarnishes and wears out easily.

COST

Since Platinum is used in its purest form, large quantities are needed to produce a ring compared to the amount of gold or silver used to produce the same make and size. As a result, platinum metal is more expensive compared to other precious metals.

ALLERGIES

Platinum metals are suitable for sensitive skins as they are naturally hypoallergenic, thus do not cause skin irritation. While gold and silver metals do not cause allergy directly, the metals they are alloyed with are a common source of allergic reactions.

CARE AND MAINTENANCE

Platinum jewelry is easy to maintain compared to silver jewelry. Silver metals require regular polishing to keep them glowing.

Introduction To White Gold And Major Differences Compared To Other Metals

White gold is a metal alloy comprising pure gold and several durable metals like zinc, copper, and nickel. The primary differences between white gold and other metals include:

COLOR

While they both appear to have a similar hue, white gold is shinier than silver, with a dull gray-white hue. The white color originates from a mixture of pure yellow gold alloyed with metals like nickel.

DURABILITY

White gold is made of durable metals, increasing its durability and making it resistant to corrosion. However, silver is highly susceptible to corrosion, reducing its durability.

COST

White gold tends to be more expensive compared to other metals like silver. The reason being, there is a greater supply of silver than gold. Despite white gold containing alloys, the yellow gold in it retains its value.

ALLERGIES

White gold comprises nickel-metal, which is a common allergen that causes skin itches. However, you might not feel the effect until the rhodium alloy starts wearing out. However, with silver, you are safe throughout as the alloyed metal is hypoallergenic.

MAINTENANCE

While both metals have great luster, in time their shine will diminish. Therefore, they require different maintenance strategies. With time, white gold rhodium plating wears off, requiring it to be rhodium plated again to maintain its sheen. However, with silver jewelry, you need frequent polishing and cleaning to prevent it from tarnishing. Simple products like lemon, vinegar, or corn starch can be used to clean silver jewelry.

Introduction To Yellow Gold And Major Differences Compared To Other Metals

Generally, pure gold is yellow. However, due to the malleability of pure gold, it is alloyed with other metals like copper and silver to increase its durability. Thus, yellow gold is pure gold alloyed with fewer metals to ensure the color is not altered. Such metals include zinc and copper.

COLOR

When compared to silver metals like white gold or platinum, yellow gold has distinctive features. Yellow gold maintains the original color of gold, while other types of gold are alloyed with other metals covering the yellow color.

DURABILITY

The higher levels of gold composition in jewelry, the more prone it is to fade. As such, yellow gold tends to be more prone to scratches compared to other metals like white gold, which is alloyed with durable metals increasing their durability.

Introduction To Rose Gold And Major Differences Compared To Other Metals

Just like different types of gold, rose gold is made partly of gold alloyed with other metals like copper and silver. The two added metals boost its strength and give it a rose color. 

COLOR

Compared to other gold types and precious metals, rose gold has a distinctive, attractive color. The presence of copper makes it red, while silver neutralizes the color of a rose. Other metals are red, yellow, or white.

DURABILITY

Rose gold does not tarnish, and therefore it is highly durable. However, just like other metals, rose gold requires polishing to maintain its shininess all through.

COST

Rose gold can be costly or inexpensive. It all depends on the amount of gold karats present. The higher the amount, the more valuable your piece of jewelry would be.

Why Opt For Diamond Banc To Sell Your Old Jewelry?

Diamond Banc is one of the most renowned jewelry buyers with numerous locations across the United States. We are part of a jewelry company that has been operational since 1896; if you are searching for a trusted business to sell your old jewelry, contact us today. Conduct a risk-free, no obligation evaluation with Diamond Banc.

The choice of any of these metals depends on personal preference and style. However, keep in mind the differences in metal composition and price. Lastly, connect with us, the best old diamond jewelry buyer, and sell your old jewelry. You can also secure a Rolex loan, among other services.

Diamond Banc is the nation’s top-rated jewelry buyer & lender. Visit one of our nationwide locations, or work with us from the comfort of your home.

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Are you looking to sell gold in Orlando, FL? You have found the perfect place. Here are some tips by the experts at Diamond Banc to help you sell your unused jewelry. With the sale proceeds, perhaps it’s time to treat yourself with a vacation, reinvent your business, pay your college fees, secure your future, or fulfill whatever financial gap that has been pulling you down.

Understanding Karats And Their Values

Now that you have decided to sell your unused jewelry, let’s get to the serious stuff, shall we? Before diving into the gold-selling business, you need to get some basics out of the way. If you want to know the value of gold jewelry, you must understand how gold is measured.

Gold is measured in karats. 

If you have gone shopping in a jewelry store, you must have heard the word “karat” applied to gold jewelry. But what does it mean? Karats are some numbers stamped on pieces of gold in the format of “xxK” or “xxKT.” These numbers refer to the type of gold and content in the jewelry.

Here Is Some More Information About Karats:

• Karat is a measure or a ratio of gold to other metal alloys in your piece of jewelry.
  
• Karat is measured on a scale of 0 to 24. For instance, 24-karat gold consists of 100% gold. 18-karat jewelry contains 75% gold and 25% of other metals. 14-karat gold is 58% pure gold, while 10-karat gold has 42% gold content.
  
• The higher the karat, the more the gold content, and the more expensive it is.
  
• Other metals and alloys used alongside gold include copper, nickel (rare), silver, and palladium.

But why use other metals instead of pure gold? Gold is malleable in its pure state — it would be too soft to use in its pure form. As such, other metals are added to it to boost its durability and sometimes to enhance color.

Understanding How Gold Is Valued In The Market

Now that you have gold, how do you cash in? How do you get the best deal in the market? For you to achieve this goal, you need to do a bit of homework. Otherwise, you might get a raw deal if you quickly rush to your local jewelry shop or gold parties.

How is gold measured in the market? To answer this, you need to understand the scales. The weight of gold is used to determine the value of gold. Is it that easy? Not so fast. Jewelers use different scales to measure gold — so you need to understand the difference.

Some dealers use a measurement standard called Troy ounce, while others may use US scales. The Troy ounce measures 31.1 grams per ounce, while the US scale measures 28 grams per ounce. Other dealers use a measurement system called pennyweight, which is equal to 1.555 grams.

Understanding the different measurements helps you get the optimal value for your gold. Besides, it enables you to steer clear of sneaky dealers. For instance, someone measuring your gold in pennyweight, only to pay you by the gram — they will have paid you less for more weight of gold!

PRO-TIP

Don’t let jewelry of different karats be weighed together. Some crafty dealers weigh all the pieces of jewelry together and pay for the lowest karat value. Instead, sort your jewelry by karat value before heading to the market. Organization helps you keep a better tally of your expected value per karat (individual assortment).

How Does The Current Price of Gold Affect Your Sale?

While jewelry is one of the uses of gold, today, gold is sought after in the manufacturing industry to design electronics and specific medical equipment. In a perfect market, the gold value is likely to fluctuate in response to changes in demand. Besides demand, the supply of gold and the US dollar value are other factors that affect the value of gold.

So, now that the gold price isn’t constant, how does the current price affect your jewelry price? In the strict sense, gold jewelry — on multiple occasions — is valued for the item’s creativity, artistry, and uniqueness. However, this doesn’t mean that the current gold value doesn’t matter. If you are about to sell gold in Orlando, FL, be sure to check the current market prices — most dealers are likely to refer to this price when buying your piece of jewelry.

Quality Assurance of Your Gold

We live in a world where counterfeit products have infiltrated the market. That said, verification of your precious jewelry is paramount. When your jewelry is determined to be genuine, you can be guaranteed that it will fetch top dollar in the market.

Understand the quality of gold jewelry that you have. Is it in mint condition? Would it have more value if sold as a complete jewelry set or as melted gold? To find the actual value of your gold, avoid pawn shops since they are only interested in the gold content. Instead, take it to an appraiser who independently determines the value of your jewelry.

While this won’t come free of charge, it will be worth every penny. The appraiser may find that your jewelry is worth more than its weight when you put its artistic value, exclusivity, and workmanship in the equation.

Tips For Finding A Seller

Gold jewelry ✓

Value ✓

Quality✓

Next, is to find a buyer for your jewelry. But where do you start? Here, patience is a virtue. It’s always not wise to jump at the first offer you receive for your gold — you have to do some groundwork, again.

Remember, while the temptation to try Gold Parties might be calling, ignore this idea. A Gold Party is similar to a Tupperware party in that a small group gathers at a host’s home to sell their gold jewelry to a gold buyer.  Gold Parties are all about fun rather than value. After all, these parties are organized by people trying to take advantage of the social aspect. Yes, it’s quick money, but history shows that you will lose about 20 to 30 percent of the actual value of your item.

Before narrowing down on a particular buyer, check for reviews that give basic information about the dealer. If there have been complaints about the dealer — this is crucial in helping you separate chaff from the grain.

If you have settled on a buyer of choice, ensure that you are legally protected. Read the application and contract in and out to understand every clause. Be on the lookout for tricky clauses that the buyer may sneak in to eat into your proceeds.

Gold buyers are required to request gold sellers for their government-issued identification. The identification is pivotal in taming money laundering and the sale of stolen property. Since this rule binds all reputable buyers, be warned when a dealer doesn’t ask for your ID.

PRO-TIP

If you choose to mail your item, ensure you understand the terms and conditions in and out. Besides, find out whether your articles are insured, how long it takes to receive the money, and what happens when you turn down their offer. Remember to take photos of the item and hold on to all documentation and filings if something goes amiss.

The Bottom Line

Paper currencies have come and gone, but gold has stood the test of time. While diverse cultures have esteemed gold for its beauty and hold it as a mark of wealth, investors look upon gold as a diversification strategy, especially when the local currency loses value.

You, too, should have a double-minded strategy when it comes to gold. Yes, it’s a symbol of beauty when ingrained in your jewelry, but when you no longer wear or use it as an accessory, it’s time to head into the market and get a price for it. Instead of letting your jewelry rot (not really) in the safety deposit box, contact a dealer, and at the end of the day, you will end up with some money in your pocket. Following these tips above will avoid the pitfalls that usually entrap unsuspecting jewelry sellers.

Why Choose Diamond Banc?

Now that you are armed to the teeth with gold-selling tips, it’s time to go out there to get some dough. Not yet found a buyer in Orlando, FL? You have a perfect solution in Diamond Banc. Whether it’s your gold watch, necklace, or ring, we are your buyers when you need to sell gold in Orlando, FL, and other regions.

Ready to get started? Here is our simple process. You start by filling out our simple online form, describing your gold items. Our team reviews your item details and gives a purchase quote. Then, we set up an appointment for you to visit our Orlando, FL office in person to complete the transaction.

After your item is verified, we immediately issue your payment through wire transfer or check. And if you are unsure about our offer, don’t worry, there’s no cost or obligation for the evaluation.

What are you waiting for? Click here to cash in on that neglected piece of gold jewelry.

Diamond Banc is the nation’s top-rated jewelry buyer & lender. Visit one of our nationwide locations, or work with us from the comfort of your home.

Tampa, FL – Boca Raton, FL – Miami, FL – Orlando, FL

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Whether you’re looking to sell jewelry inherited from family, let go of an old engagement ring, or simply upgrade your jewelry collection, selling jewelry can be difficult. Instead of keeping unworn jewelry in a forgotten drawer, selling an under-appreciated piece of jewelry can provide thousands of dollars in uncertain times. Nevertheless, the process of selling jewelry in Dallas can be an emotional one. Saying goodbye to a piece of your jewelry can be tough, and that’s without the added stress of trying to find the perfect buyer. How do you know where to start? You may feel overwhelmed or intimidated when it comes to selling your precious jewelry. However, it may help to begin the process with some practical tips that prepare you to sell jewelry as an informed seller.

Tip #1 – Know Your Selling Options

You have a lot of options for selling jewelry in Dallas which means it’s important to know the pros and cons of each so you can make an informed decision. The most common options for selling jewelry are pawn shops, retail jewelry stores, selling directly to a private buyer, or finding an expert jewelry buyer like Diamond Banc.

• Pawn shops are a fast and convenient way to sell. However, they typically lack the true expertise needed to properly evaluate jewelry to determine its maximum value which means the prices offered will be substantially low.
• Retail jewelry stores generally have the expertise needed to properly evaluate jewelry, so they will have a good understanding of its value. The issue you may face is that not all jewelers buy jewelry from the public. Even the ones that do, are often very selective about what jewelry they are willing to buy and simply cherry-pick the types of items they think they will be able to resell. Furthermore, many retail jewelers will only “buy” your jewelry if you’re willing to leave it with them on consignment where they sell it on your behalf and then pay you once it has sold. This means it will likely take months or even years for you to get paid for the jewelry.
• You might assume that selling directly to a private buyer through channels such as eBay, Facebook Marketplace, or other online forums will result in the highest prices being paid for your jewelry. However, these options can be challenging and very risky! You’ll be required to take high quality photos and provide accurate descriptions of the jewelry. Then you’ll have to answer numerous questions about the piece in what can seem like a never ending back and forth between potential buyers. Then most importantly, you’ll have to be careful to avoid scammers and other unsavory individuals who target private sellers online.
• The best option is to find a trusted expert jewelry buyer like Diamond Banc where you work with true jewelry industry experts in a safe, upscale environment. This will ensure every value-adding factor is taken into consideration to maximize your selling price and the process is simple and fast with funds being issued immediately.

Tip #2 – Understanding Appraisals

Many people looking to sell their unwanted jewelry assume they will need to obtain an appraisal for their items. This is a common misconception and not something Diamond Banc recommends. To understand why, you should first know the reality of what an appraisal truly is.

In order to give the impression that you received an outstanding deal on your purchase, many jewelers artificially inflate the retail replacement value on your appraisal. Moreover, a retail appraisal represents the value to replace your item in “new” condition. However, in most instances, jewelry sold in the secondary market has been previously owned and worn. The combination of these factors can cause a dramatic discrepancy between the actual resale value for your jewelry and its appraisal value.

In the jewelry retail industry, most retail insurance appraisals are approximately 2.5 times the actual wholesale cost of the jewelry. Retailers add significant margins to compensate for the operational overhead of running a business such as rent, utilities, employee labor, marketing, etc. while ensuring they continue to generate a profit.

Diamond Banc does not recommend paying to have an appraisal completed as it’s ultimately an unnecessary expense. Our expert gemologists and experienced jewelry professionals will provide the most accurate valuation of your items. We have a pulse on the pre-owned jewelry markets and utilize supply and demand in the markets to determine the value of any piece. This is all done on the spot with zero pressure and zero cost to you!

Tip #3 – Consider The Factors That Determine Your Jewelry’s Value

Like most luxury items, there are many factors that will determine the true value of your jewelry. Some of the main factors include the jewelry’s style, age, condition, quality and most importantly, demand! The overall condition and quality of your jewelry is self explanatory, high quality pieces in great condition will be worth far more than low quality pieces in poor condition. The demand for an item is the single greatest factor that contributes to its resale value. If the piece is old and the style is outdated, demand will be low and the value will suffer. Whereas if you have a newer piece of jewelry that is a current style and hard to obtain, then the demand will be much higher, as will its value.

Tip #4 – Have Realistic Expectations

The brutal truth when it comes to selling pre-owned jewelry is that you won’t get anywhere close to what you originally paid for the item. There are a few exceptions to this rule such as some high demand Rolex sports model watches or highly sought after, rare designer jewelry pieces. As a general rule, you should not expect to sell your jewelry for the same price you paid or for what it’s appraisal value states it’s worth. The simplest way to think about it is to compare it to selling a car that you bought brand new from a dealership. The second you drove it off the lot it became pre-owned and the value instantly depreciated by a significant amount. You would never expect to sell your car for the same price you paid and your jewelry is no different. Having realistic expectations from the beginning will make the entire selling process go much smoother.

Tip #5 – Work With a Trusted Expert

As mentioned before, there are many options for selling jewelry in Dallas. Finding a trusted jewelry buyer in your area with a great reputation can be the difference between selling your items for top dollar in a safe, luxury environment or getting lowball offers in a high-pressure, uncomfortable setting.

Diamond Banc is the premier jewelry buyer for the greater Dallas area. Our highly trained jewelry experts are fully immersed in all facets of the pre-owned jewelry market on a daily basis. This means we know exactly how valuable your jewelry is, and we will pay you accordingly! If you have interest in learning how much you can sell your jewelry for, complete one of our simple online forms to get the process started, or contact Diamond Banc today.

Get A Quote

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Dallas has countless jewelry buyers and options for individuals looking to sell their unwanted diamonds, jewelry and luxury watches. When you’re looking to sell jewelry in the Dallas area, finding a highly qualified, trustworthy jewelry buyer can be the difference between receiving the highest possible price after a simple, client focused experience or getting offered far less than your jewelry is worth in an uncomfortable exchange. Diamond Banc is the nation’s premier jewelry buyer and not only offers multiple selling structure options, but also offers multiple ways to complete the selling process. 

Start online, complete in person or via secure shipping.

Diamond Banc allows clients to start the process of selling jewelry in Dallas from the comfort of their home by completing a quick and simple online submission form. Once an online submission is completed, Diamond Banc’s team of experts will quickly get to work reviewing the details of items submitted to ensure every value-adding factor is taken into consideration so the highest possible price can be offered. Clients will then be contacted by a Diamond Banc team member and presented with an industry leading offer and all of the client options will be outlined in detail. If a client decides to proceed with accepting their offer in Dallas, they will have two options for completing the transaction. 

Option 1: Secure Shipping

Diamond Banc will provide the client with a prepaid, fully insured FedEx shipping label and detailed packing instructions on how to safely package their items to guarantee their items will be safe and fully covered by Diamond Banc’s insurance while in transit. Click here for more details on Diamond Banc’s secure shipping process.

Option 2: In Person Verification

Diamond Banc has trusted jewelry experts in Dallas who can provide in person verification and authentication services on Diamond Banc’s behalf. This allows clients to complete their transaction on the spot without having to first ship their items to Diamond Banc’s headquarters in Columbia, MO. Diamond Banc’s team will schedule the client an appointment with the local Dallas jewelry expert at their earliest convenience so items can be inspected and verified. Once items have been evaluated by the jewelry expert in Dallas, transaction documents will be completed online via electronic signature and funds will be issued the same day via wire transfer. Client items are then securely packaged by the expert and shipped to Diamond Banc’s headquarters via fully insured FedEx overnight shipping. 

The Diamond Banc Advantage:

1. 1. Kindness & Communication: Diamond Banc was created from a family of jewelers. We were built on the premise that clients should be treated with the same respect and enthusiasm when they wish to sell their jewelry, as they received when they initially purchased it. 
   2. High Purchase Prices: Diamond Banc’s ownership group is composed of several of the largest independently owned jewelry retailers in the country whose sales exceed $50 million annually. This unique advantage allows us to pay premium prices for your jewelry as we sell a significant amount back to the end consumer. In addition, our proprietary selling process includes national jewelry dealer auctions and trading platforms. We know which buyers most appreciate which types of jewelry, allowing us to pay you the most. This comprehensive network also allows us to offer accurate and data-driven offers to make sure you’re getting the most for your jewelry. 
   3. Speed & Ease: You will find that Diamond Banc’s communication and speed of follow up is unmatched from any other jewelry buyer or online jewelry buyer in the nation. We do what we say we will do, issue payment promptly, and provide maximum communication throughout the process. 
   4. Safety & Integrity: Diamond Banc maintains an A+ rating with the BBB and knows the best way to continue to grow is by putting our customers first and operating with high integrity. From shipping to storage, Diamond Banc implements rigorous tracking and video recording procedures. We treat your valuable and treasured items as if they were our own.

Diamond Banc is the best jewelry buyer serving the Dallas area! Get started today by completing a quick and simple online submission form today. 

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As the value of the US dollar has decreased in recent months, the price of gold has been steadily climbing. Take advantage of this market lift to get the most for your gold without giving up ownership of your items. Now is the best time to use your gold jewelry, bullion and coins as collateral for a short term gold loan.

Diamond Banc is the Best Place to Sell or Get a Loan on Your Gold Jewelry, Bullion or Coins!

Diamond Banc pays the highest loan values for your gold jewelry! Our flexible repayment options ensure that you can make your repayment options work for you.  Diamond Banc provides low-interest rates. Our interest rates for a gold loan typically ranges from 2% – 3.65%; much lower than other gold lenders. Plus, with Diamond Banc allows you to take out a revolving line of credit on your gold.

Get a Loan on Your Gold Jewelry, Bullion or Coins from Diamond Banc?

• Unsurpassed offers for your precious metals
• Immediate funding! Diamond Banc pays our clients the same day
• We are flexible and know every situation is different; we pride ourselves on that flexibility and willingness to provide the best customer service
• Trusted experts with over 180 5-Star Google Reviews in our Tampa Office

Take advantage of these unprecedented market factors to get the most for your gold items. Diamond Banc provides a discrete, secure, fast and professional solution to ensure you get the most for your precious metals. Start by completing an online submission form. In almost no time, one of our Market Directors will reach out to you with an initial offer. Or, you can call us to schedule an inspection yourself.

You’re welcome to visit any of our nationwide locations.

• Tampa, FL
• Boca Raton, FL
• Miami, FL
• Orlando, FL
• Nashville, TN
• Atlanta, GA
• Kansas City, MO
• Columbia, MO

The post The Best Time to Take Out a Loan on Your Gold? appeared first on Diamond Banc.

Here are 3 key ways to determine the value of your items

Identify the Material: Is it Fine or Costume?

It can be difficult to distinguish between fine jewelry and costume jewelry. But the difference can be huge when it comes to the worth of your items. Here are three ways to determine whether your jewelry is fine or costume.

1. Weigh the Item

The purity and weight of precious metals, such as gold and platinum, have a profound impact on the jewelry’s worth. Purity is particularly significant when you’re examining pieces like chains and bangles. Gold, silver and platinum are heavier metals than non-precious metals used in costume jewelry, like brass and pewter, meaning that fine jewelry will typically weigh more than costume jewelry. Solid gold and platinum items are especially heavy.

2. Look for Stamps and Hallmarks

If a piece of jewelry is made with valuable precious metals it is usually marked on the item itself.  Unless the markings have either been worn off over the years or cut out as a result of sizing, all fine jewelry must have some sort of stamp. Stamps and hallmarks are typically located on the inside of a ring or bracelet, the post of an earring or the clasp on a chain. If the item is stamped, it generally lists the metal content or purity of the alloy. Other markings may include a designer’s signature, manufacturer logo and possibly the country of origin.

Especially in-demand maker’s marks include: Tiffany & Co., David Yurman, Cartier and Van Cleef & Arpels. These stamped hallmarks can provide a clue as to its identity and value.

Some common stamps you’ll see on fine jewelry include:

• Gold: 22K, 18K, 14K, 10K, 916, 750, 585 and 417
• Platinum: 950, 900, Platinum, PLAT, PT 10% Iridium
• Silver: 925, 900, 800, Silver, Sterling

3. Search for Metal Coating

Costume jewelry is rarely constructed out of solid metals. Instead, these pieces are often made from a non-precious base, such as copper, aluminum or brass. These metals are then coated in either silver or gold plating. If you see a darker or silvery color showing through parts of a gold chain or ring or if parts are discolored or flaking off – this is likely a gold-plated item and is therefore costume jewelry.

Consult the Experts at Diamond Banc

When in doubt, we are always here to help! Diamond Banc is happy to help you sort through your jewelry box to evaluate the value of your items. Give us a call today at 813-609-4331 for a private, in-office, appointment so we can assess your jewelry in person. There is never any obligation to sell your jewelry and Diamond Banc pays some of the highest prices in the nation! We even take your BROKEN jewelry.

You can start the process online or visit one of our nationwide locations today!

• Tampa, FL
• Boca Raton, FL
• Miami, FL
• Orlando, FL
• Nashville, TN
• Atlanta, GA
• Kansas City, MO
• Columbia, MO

The post 3 Tips to Tell What Your Jewelry Is Worth appeared first on Diamond Banc.

Here are five reasons Diamond Banc is the best place to get a loan on your diamond jewelry. 

1. Superior Offers.

Diamond Banc has a professional team of GIA Certified experts. Our specialists have spent several years in the fine jewelry and luxury watch industries. Consequently, we know how to expertly grade and appraise your precious diamonds and fine jewelry. Because we consider every factor that adds value to your jewelry,  Diamond Banc can pay out some of the highest offers in the country.

2. Specialized Inventory.

Diamond Banc is able to reduce the noise and distractions that can accompany a pawnshop’s often varied inventory. We specialize in diamonds, pre-owned engagement rings, pre-owned bridal sets, Rolex and other luxury watches. We also buy and provide loans on coins, flatware and gold and silver bullion. If you are unsure about the type of collateral we accept, our Market Directors are happy to help. Never hesitate to call our Tampa office, Diamond Banc Tampa, at 813-367-3372.

3. Discrete, Professional Environment.

We pride ourselves in offering a personal and discrete environment. We are located inside beautiful, professional buildings. Our specialists will meet with you face-to-face in a private office, safe from prying eyes. Additionally, there is never any signage on the outside of our buildings.

4. No Pressure. No Obligation.

Our team understands these transactions must benefit all parties. Therefore, we are dedicated to empowering you throughout this process. We provide a free no obligation, hassle-free offer 7 days a week. You will never feel obligated to part with your property.  Want time to think about our offer? No problem. Our offers do not expire, and we encourage all clients to shop around to make sure we are your best option. We are confident that our offers are among the highest in the country and will even price match all reasonable offers.

5. Diamond Banc Allows You to Pay Down Your Principle.

Diamond Banc’s goal is for our clients to redeem their property quickly. That’s why 90% of items Diamond Banc offers loans for are reclaimed by their original owners.

Any asset-based loan will include a cost of funds, or percentage rate, collected while the loan is active. The longer it takes to pay off a loan, the higher this cost will be. Unlike many pawnshops who will not allow clients to pay extra on their loans, our team actually encourages you to pay extra every month. We apply the extra money to the principal, bringing the entire monthly payment down. This thereby reduces the amount you will have to pay over the duration of the loan for your cost of funds.

Need immediate funds? Diamond Banc is here to help. Get started today by calling 813-367-3372 or go to our website to start the process online. Try our groundbreaking new approach to obtaining a short term Jewelry Equity Loan. We provide a judgment-free zone, coffee and the dignity and respect you deserve.

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