Tampa Archives - Diamond Banc Liquify Your Luxury Thu, 30 May 2024 21:33:34 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://www.diamondbanc.com/wp-content/uploads/2021/05/cropped-DB_Gold_Diamond-32x32.png Tampa Archives - Diamond Banc 32 32 Orlando Rolex Resale: 5 Secrets to Getting the Best Price https://www.diamondbanc.com/insider-news/sell-your-pre-owned-rolex-in-orlando/ Tue, 21 May 2024 18:55:26 +0000 https://www.diamondbanc.com/?p=21194 Considering selling your Rolex in Orlando? Wondering how to get the best possible price for your luxury timepiece? This guide will […]

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Considering selling your Rolex in Orlando? Wondering how to get the best possible price for your luxury timepiece? This guide will unveil the secrets! Forget the risky online marketplaces – we’ll show you how to navigate the pre-owned Rolex market securely and profitably. Keep reading to discover the five key factors that determine the value of your Rolex and ensure you get a rewarding experience.

What’s the condition of my timepiece?

The condition of your Rolex is a prime factor influencing its resale value. Before approaching a buyer, meticulously inspect your watch for any cosmetic or mechanical imperfections. This includes scratches, dents, or any issues with the watch’s functionality, like a non-working mechanism. Transparency is key – being upfront about any condition issues allows potential buyers to make a more informed offer. Remember, a well-maintained Rolex will naturally fetch a higher price.

Is the original box and documentation still around?

Originality Matters

A Rolex with its original box and papers is more valuable. This is because counterfeiting exists in the pre-owned market.

Proof of Authenticity

The original paperwork acts as a certificate of authenticity, speeding up the buying process for Orlando Rolex buyers.

We Buy Regardless

Diamond Banc will still purchase your Rolex even without the box and papers. But having them can significantly increase your offer.

Sell-rolex

Knowing my Rolex’s model and year of production

To verify the authenticity of a used Rolex, Orlando Rolex buyers check the following:

Find the reference number

The reference number, also referred to as the model number, provides precise identification of your Rolex timepiece.

This number can be found either at the 12 o’clock mark between the lugs or at the 6 o’clock mark, depending on your watch model.

To locate it, examine where the bracelet or strap attaches to the watch case. Once detached, you’ll likely see a 4 to 6-digit number engraved on the metal.

Furthermore, if you have retained the original box and Rolex documents accompanying your watch, the same reference number will be listed on the certificate of authenticity.

Find your one-of-a-kind serial number

Your Orlando Rolex buyer can utilize the serial number on your Rolex watch to pinpoint its exact year of production.

Your Rolex watch serial number is located beneath the six o’clock position. This number can be seen by looking into the crystal glass on the inner part of the bezel.

Find the current market value of your particular Rolex model

Market realities for pre-owned Rolex watches constantly fluctuate over time. The primary driving force that sets the tone for the pricing elements is good old-fashioned supply & demand.

From its outbreak in 2020, the pandemic had led to an increase in prices of sport models year after year until the summer of 2022, when the numbers began descending — or back to normal levels as suggested by watch experts.

It’s crucial to distinguish between a watch’s retail price and its market value. Typically, a Rolex’s worth isn’t tethered to its original retail cost, especially if it’s a discontinued or elusive model.

When demand eclipses supply, particularly for sought-after Rolex models like the Rolex Yacht-Master 40 with the blue dial, prices often skyrocket in the secondary market.

Take, for instance, the Rolex Yacht-Master 40 (Ref #126622) featuring a blue dial and a two-way rotatable platinum bezel.

In 2018, Rolex introduced an updated version of this model, hitting Authorized Dealers with a price around $12,500.

Fast forward to the third quarter of 2022, pre-owned Rolex Yacht-Master 40s were fetching roughly $16,000 USD — a 15% drop compared to March of the same year. Even with depreciation, this watch can command about 30% more than its original MSRP.

Use our Rolex Value Calculator for comparative data on the up-to-date prices in the pre-owned market to get a good idea of what your model could be worth today.

How to Sell my Rolex in Orlando without getting ripped off!

Now that you have a ballpark estimate of how much your Rolex can fetch, it’s time to decide where you will be looking for your Orlando Rolex buyer. 

Will you find a buyer yourself, or will you seek the help of an established business?

Let’s review a couple of options that will most probably not result in the highest-quality customer experience, get you the best deals or provide a safe transaction.

  • Craigslist: Never meet someone you don’t know, even if they promise to pay you in cash.
  • eBay: Some people are tricked by fake PayPal payment confirmations and give away their Rolexes, thinking they got a great deal.
  • Online auction sites: Online auctions site won’t get you the highest possible price for your Rolex but rather what your potential Rolex buyer can afford.
  • Pawnshops: Some pawnshops engage in deceptive sales practices, offering low prices for goods and pressuring sellers to accept an offer that comes with a countdown.

When selling a used Rolex watch, working with an experienced and reputable Orlando Rolex buyer such as Diamond Banc can make a world of difference.

Throughout the years, we’ve built a network of contacts with Rolex dealers, retailers, and private collectors to ensure your timepiece is matched accordingly.

Rolex watch buyers in Orlando: Trust industry pros

Rolex Black Submariner with Box and Paperwork

Diamond Banc’s inception was grounded in a firm set of principles. Upholding utmost trust, transparency, and integrity guides our everyday business operations.

We continuously seek fresh avenues to cater to our customers through inventive products and services, ensuring they receive thorough insights into our offer methodologies.

Encouraging clients to explore various offers and inviting them to assess if we can provide superior value is our ethos. If you’re in Orlando and searching for “Rolex buyers near me,” exercise due diligence in evaluating the businesses that appear in your search results.

You can sell your Rolex online in 3 easy steps and get started with the help of this simple form.

Better yet, you can hybrid the process by receiving an initial offer from us online and visiting our Orlando office in person to complete the process.

Deena Maali, our super friendly Market Director, will be delighted to welcome you for a comfortable sit down where we can conversate in total privacy. 

Call 1-407-232-7688 to book an appointment and bring us your Rolex watch for a thorough evaluation.

Diamond Banc offers an uncomplicated, convenient, and customer-centric approach to selling your Rolex watch in Orlando with maximum confidence.

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The Ultimate Guide to Selling Your Diamonds in Tampa, FL https://www.diamondbanc.com/insider-news/sell-my-diamonds-tampa-fl-comprehensive-guide/ Fri, 30 Jun 2023 21:21:23 +0000 https://www.diamondbanc.com/?p=18622 If you’re a Tampa resident looking to sell your diamonds, you’ve come to the right place. Finding a reputable diamond buyer […]

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If you’re a Tampa resident looking to sell your diamonds, you’ve come to the right place. Finding a reputable diamond buyer is crucial to ensure a fair and rewarding selling experience. Fortunately, Diamond Banc Tampa offers you a fast, simple, and secure way to access a diamond buyer near you.

Selling your diamonds locally in Tampa, FL comes with its own set of advantages. Not only does it provide convenience, but it also allows you to work closely with a diamond buyer near you, facilitating smoother communication and a wealth of knowledge from a diamond expert. Whether you’re looking to sell an heirloom diamond ring or part ways with a cherished diamond necklace, this guide will equip you with the knowledge and insights needed to navigate how to sell your diamond in Tampa. Tell us about your diamond to get a quote from the diamond buyer in Tampa, FL today.

Throughout this guide, we will explore essential aspects such as researching trustworthy diamond buyers, evaluating their credentials and expertise, and assessing transparency and trustworthiness. We’ll also delve into the steps involved in selling your diamonds, including getting a quote, expert evaluation and selling options. 

The Benefits of Selling Your Diamonds Locally in Tampa, FL

Convenience and Proximity: Easy Access and Smooth Communication

Selling your diamonds locally in Tampa, FL comes with the advantage of convenience and proximity. By working with Jodi Hudson, the Tampa Market Director and diamond buyer near you, you eliminate the need for long-distance transactions or shipping your precious diamonds. This proximity allows for face-to-face interactions, enabling smoother communication and a more personalized selling experience. You can easily schedule an appointment, ask questions, and discuss your specific requirements with Jodi, all without the logistical challenges associated with distant buyers. Selling with Diamond Banc Tampa saves you time and effort, making the process more convenient and straightforward.

Expertise and Knowledge: Leveraging the Market Director’s Insights

Jodi Hudson, the Market Director of Diamond Banc Tampa, brings invaluable expertise and knowledge of the diamond industry to the table. As a GIA Graduate Gemologist, Jodi possesses a deep understanding of diamonds and the Tampa diamond market. Her extensive industry knowledge allows her to provide you with accurate assessments, expert advice, and guidance throughout the selling process. Whether you have questions about the quality of your diamonds, the offer given, or the current market, Jodi’s expertise enables her to offer you valuable insights. 

Enhanced Trust & Transparency with The Diamond Buyer Near You

Selling your diamonds locally in Tampa ensures an environment of enhanced trust and transparency. Jodi’s reputation as a trusted Market Director and her commitment to customer satisfaction allows you to establish a foundation of trust from the start. As a reputable diamond buyer, Jodi values open communication and transparent transactions. Her focus on providing fair evaluations and clear explanations throughout the selling process ensures your confidence and peace of mind. By working with the diamond buyer near you, you can have a reliable and satisfying diamond selling experience.

The Steps to Selling Your Diamonds in Tampa, FL

Thorough and Comprehensive Evaluation Process

When selling your diamonds in Tampa, Diamond Banc takes a thorough and comprehensive approach to evaluate your diamond’s worth. Our team of experts inspects various factors that contribute to its value, including carat weight, shape, color, and clarity. By carefully examining these characteristics, we derive the current value of your diamond.

As diamond buyers experienced in dealing with diamonds of all shapes and sizes. Our extensive network and nationwide selling pipeline allow us to pay premium prices for diamonds of all kinds. We have built relationships with collectors, wholesalers, and retail jewelers who have serious interest in different shapes, sizes, qualities, and quantities of diamonds. This network enables us to find the right buyer for your diamond, ensuring that you receive a fair and competitive offer.

Going Above and Beyond

To provide you with an accurate quote, we take a unique approach. We show you equivalent diamonds to yours that are currently listed for sale on the largest diamond dealer platform. By comparing these diamonds with yours, we explain how we apply this information to derive your diamond’s present value. This transparent process allows you to understand how market factors influence the worth of your diamond and provides you with the confidence and knowledge to make informed decisions.

Additionally, at Diamond Banc, we go beyond just purchasing your main center diamond. We also offer to buy the ring setting and wedding band if applicable. As the most client-focused diamond buyer in Tampa, we understand the value of your entire piece of jewelry and offer comprehensive solutions for selling your diamonds and associated pieces.

No-Obligation, Competitive Quote

When selling your diamonds in Tampa with Diamond Banc, obtaining an accurate quote is a crucial step in the process of finding out how much your diamond is worth. We believe in transparency and providing you with a fair and competitive valuation for your diamonds. Our quote reflects the current market value based on a comprehensive evaluation conducted by our team of experts.

As diamond buyers with extensive industry connections, we leverage our network and expertise to ensure that the quote we provide is competitive and reflects the true value of your diamonds. Our relationships with collectors, wholesalers, and retail jewelers allow us to stay up-to-date with market trends and ensure that you receive a fair offer.

We encourage you to shop around and explore your options before visiting us. We are confident in our ability to beat your best offer on your diamonds. Our staff is kind and provides a zero-pressure environment. We take the time to explain how and why our offer is what it is, and you are never under any obligation to sell. Rest assured, we provide immediate and hassle-free funding for your convenience. Experience the Diamond Banc difference when selling your diamonds near you.

Selling Options: Sell or Consign your Diamond

At Diamond Banc of Tampa we understand that every customer’s selling situation is unique. That’s why we offer a range of diamond selling options tailored to meet your specific circumstances and objectives. Whether you’re looking for a quick and convenient sale or aiming to achieve the highest possible selling price over time, we have the solutions to accommodate your needs right here in Tampa, FL.

Immediate Purchase: Quick and Convenient Selling Option

If you’re seeking a quick sale with a diamond buyer near you, our immediate purchase option is the perfect choice. With this option, Diamond Banc of Tampa provides you with an upfront purchase price for your diamonds based on a thorough evaluation. Our experienced MArket Director, Jodi Hudson, will carefully assess the quality and characteristics of your diamonds. We will then offer you a competitive price that accurately reflects their current market value. With our immediate purchase service, you can enjoy a streamlined and hassle-free selling experience, receiving prompt payment for your diamonds right here in Tampa.

Consignment Services: Achieving the Best Selling Price Over Time

For those who have a longer time horizon and aim to achieve the highest possible selling price, our consignment services are an excellent option. Consignment allows you to partner with Diamond Banc of Tampa, a trusted diamond buyer near you, to sell your diamonds at the optimal time, taking advantage of market conditions and potential price fluctuations. During the consignment period our Market Director will work closely with you to determine a consignment purchase price based on the thorough evaluation of your diamonds. We will actively market and showcase your diamonds to potential buyers, leveraging our expertise and extensive network. This approach ensures maximum exposure and the best possible selling opportunities, all while achieving the highest selling price over time.

Finalizing the Sale

When finalizing the sale, we prioritize completing the necessary paperwork with transparency and offer secure payment methods via check or wire transfer. Our goal is to ensure a smooth and secure transaction, verifying the condition of the diamond and providing you with the documentation you need for your records.

Your Trusted Diamond Buyer Near you in Tampa, FL

In conclusion, Diamond Banc is your trusted diamond buyer near you in Tampa, offering a comprehensive solution for selling your diamonds. Experience the Diamond Banc difference by working with a reputable buyer who prioritizes transparency, fairness, and client satisfaction. Whether you choose our immediate purchase option or consignment services, we are committed to providing a seamless and trustworthy selling experience. 

If you’re a Tampa, FL resident looking to sell your diamonds, Diamond Banc Tampa is your ideal destination. Finding a reputable diamond buyer is crucial to ensure a fair and satisfying selling experience, and we offer you a fast, simple, and secure way to access a diamond buyer near you. The convenience and proximity of working with a diamond buyer near you allow for smoother communication and the opportunity to benefit from the wealth of knowledge possessed by our Market Director, Jodi Hudson.

Whether you’re selling an heirloom diamond ring or parting ways with a cherished diamond necklace, our guide has equipped you with the knowledge and insights needed to navigate the process successfully. At Diamond Banc, we hold the belief that the value of your diamonds exceeds the initial offers provided by some diamond buyers in Tampa. We are committed to ensuring that you receive the highest possible return for your luxury goods, which is why we strongly encourage you to compare offers from other competitors before making a decision. Our goal at Diamond Banc is to provide you with an exceptional selling experience and maximize the value you receive for your diamonds.

Experience the difference in our Tampa office located at 3401 Henderson Blvd Suite E. 

Jodi Hudson is our Market Director and an expert diamond jewelry appraiser with over 25+ years of experience in the fine jewelry sphere. 

You may book an appointment with her or start the process yourself online now!

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Pawn Jewelry Loans In Tampa: Interest Rates & APR clarified https://www.diamondbanc.com/insider-news/pawn-jewelry-in-tampa-apr-and-interest-rates-explained/ Fri, 02 Dec 2022 13:05:23 +0000 https://www.diamondbanc.com/?p=15508 If you hold a strong connection with a beloved piece e of jewelry but need cash urgently to overcome an important […]

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If you hold a strong connection with a beloved piece e of jewelry but need cash urgently to overcome an important expense or maybe for a getaway vacation trip, consider to pawn jewelry in Tampa instead of selling it.

Your searching process, apart from ensuring you trust a reliable business among pawn shops in Tampa, should include getting your numbers right when it comes to jewelry loan terms.

After reading this article, you’ll get a clear understanding of interest rates and the value behind getting a loan on jewelry that’s easy, pro-borrower, and super convenient to repay.

What is the Interest rate?

An amount is paid on a loan set by the lender to borrow quick funds secured by a pledged collateral (in this case, jewelry). Diamond Banc offers loans secured by your jewelry at the most competitive interest rates in Tampa, FL.

Designer pieces appertaining to rare collections that are hot in the current market, for instance, can qualify you to borrow at an even lower rate (up to $500,000 at times!).

What is APR?

The annual percentage rate, or APR, refers to the yearly interest generated by a sum that’s charged to borrowers.

The typical APR (Annual Percentage Rate) for collateral loans is set by lenders so customers can easily compare rates when shopping for jewelry loans in Tampa.

The term is a summed calculation to describe the amount of interest you’ll pay annually on the money you want to borrow, which can include additional costs for managing the loan, like security, storage, and insurance fees.

Representative Example

Meet Ashley, an elementary school teacher from Clearwater, Florida.

Ashley wants to surprise her husband by booking a vacation trip to the Maldives on the occasion of celebrating their 20th year of marriage.

She’s looking for non-bank lending, considering her credit standing at the present stage which includes a mortgage, credit cards, and 2 student loans.

Fortunately, her husband has spoiled her throughout their relationship with jewelry gifts and she would not mind securing a loan by placing a piece or two as collateral.

Ashley has a vast collection of cultured pearl jewelry from the designer brand Mikimoto. Hopeful to find the right lender, she attempts searching online for “pawn jewelry near me”. 

After checking a few websites from nearby pawn shops in Tampa, she returns to the search page and finds Diamond Banc. 

With a lower interest rate than the competition and a promise of excellent customer service, she decides to give it shot! 

She fills out a simple form to describe the pieces in question and an initial offer appears in her inbox the next day.

With the description and images of her collateral received by expert assessors, an initial offer for $7,500 USD was proposed. Ashley wants the jewelry pawn loan to last 9 months at the latest.

In numbers, here is how much her loan will cost:

  • 7,500 x 0.025 = $187.50 per month of interest payments
  • 187.50 x 9 = $1,687.50 of total interest paid after 9 months when the item is retrieved

Stacey is feeling gratified with her choice because not only she surprised her husband but did not have to sell her gorgeous pearls which hold significant memories throughout their love relationship.

A Flexible & Tailored Repayment Plan

Diamond Banc not only offers the nation’s highest LTV ratio (loan-to-value), which basically means how much we’re able to loan you vs. what you’ve paid initially.

More impressive other than the lowest rate in the market to pawn jewelry is our high flexibility of repayments.

Our approach is simple. We can customize your repayment plan in accordance with your budget and desired schedule. 

You’ll get to manage your jewelry pawn loan online to keep up with it and automate the payments to ensure you won’t miss a beat!

Want to make extra payments on your principal amount? No problem. Our main motive is to make the repayment process smooth and get your precious jewelry back to you as soon as possible. 

Get pro-borrower jewelry loans in Tampa

By pro-borrower we mean it must benefit you first, the customer! Don’t get trapped by questionable pawn shops in Tampa to accept an over-the-counter offer stringed to a ticking time clock and using pressuring tactics.

Diamond Banc is a dedicated, customer-focused and innovative provider of jewelry loans in Tampa.

We love what we do, and we do it best. With Diamond Banc, you get an expert appraisal done transparently with the support of a team of industry specialists.

So what are you waiting for? You can call our Tampa office at (813) 609-4331 and book an appointment with Jodi Hudson, our Tampa Market Director. Jodi gets a kick out of helping customers and making a decent loan offer in a secure, confidential and comfortable environment.

Get A Loan in TampaLocationSell My Jewelry

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Sell Your Pre-Owned Rolex For Top-Dollar in Tampa https://www.diamondbanc.com/insider-news/sell-my-rolex-in-tampa/ Wed, 12 Oct 2022 06:38:20 +0000 https://www.diamondbanc.com/?p=14995 Are you searching for a trustworthy Tampa Rolex buyer and feeling stuck in a maze? Rolex brand watches are highly desired […]

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Are you searching for a trustworthy Tampa Rolex buyer and feeling stuck in a maze?

Rolex brand watches are highly desired luxury items worldwide regardless of how old or new your model may be.

There are 5 key elements to check up to determine the value of your watch in the second-hand market — before you even think of posting a status on Facebook like, “Okay guys, I want to sell my Rolex, who’s buying?”.

Read this article to learn a thing or two about selling a used Rolex in Tampa and, more importantly — how to do it in a secure, innovative, and rewarding way!

What’s the condition of my timepiece?

When selling a used Rolex, look at its current condition and see if you can spot any physical damages such as dents, scratches, or even complete immobility of your watch mechanism.

Your Tampa Rolex buyer will carefully consider these, so you must acknowledge it beforehand, as it can influence your offer in the long run.

Is the original box and documentation still around?

Vintage Rolex Red Submariner

A used Rolex watch is more valuable if it comes with the original box, papers, and any additional accessories.

In the pre-owned market, there is a great deal of counterfeiting, so if you have the original purchasing receipt, it will indeed accelerate the assessment stage for your Tampa Rolex buyer.

Diamond Banc will purchase your Rolex watch even if the original box and papers are missing. However, if you still have them, it will significantly strengthen your offer.

Knowing my Rolex’s model and year of production

To verify the authenticity of a used Rolex, Tampa Rolex buyers check the following:

Find the reference number

Your reference number, also known as the model number, will disclose the exact Rolex model you are holding on to.

Depending on your watch model, this number is located in the middle of the lugs at the 12′ o clock mark or between the lugs at the 6′ o clock mark. 

Check where the bracelet or strap connects to your watch case. After removing it, you should be able to see a 4 to 6-digit number engraved on the metal.

Additionally, if you’re still holding onto the original box and Rolex documents that came with your watch, that same reference number will be on the certificate of authenticity.

Find your one-of-a-kind serial number

Your Tampa Rolex buyer can utilize the serial number on your Rolex watch to pinpoint its exact year of production.

Your Rolex watch serial number is located beneath the six o’clock position. This number can be seen by looking into the crystal glass on the inner part of the bezel.

Find the current market value of your particular Rolex model

Two Tone Rolex Datejust

Market realities for pre-owned Rolex watches constantly fluctuate over time. The primary driving force that sets the tone for the pricing elements is good old-fashioned supply & demand.

From its outbreak in 2020, the pandemic had led to an increase in prices of sport models year after year until the summer of 2022, when the numbers began descending — or back to normal levels as suggested by watch experts.

One important thing to understand is the difference between a watch’s retail price and market value. In most cases, the value of a Rolex does not depend on its original retail price — especially if the Rolex model in question is discontinued or simply hard to find.

When demand beats supply, especially for highly-desired Rolex models like the Rolex Yacht-Master 40 with the blue dial, for instance, prices tend to double when sold in the secondary market.

For example, the Rolex Yacht-Master 40 (Ref #126622) with a blue dial and a two-way rotatable bezel in platinum.

In 2018, Rolex released an updated version of this model, which debuted at Authorized Dealers with a price tag of just about $12,500.

During the third quarter of 2022, pre-owned Rolex Yacht-Master 40s sold for about $16,000 USD — down by 15% compared to March of the same year. This watch can sell for about 30% above its original MSRP even after depreciation.

Use our Rolex Value Calculator for comparative data on the up-to-date prices in the pre-owned market to get a good idea of what your model could be worth today.

How to Sell my Rolex in Tampa without getting ripped off!

Now that you have a ballpark estimate of how much your Rolex can fetch, it’s time to decide where you will be looking for your Tampa Rolex buyer

Will you find a buyer yourself, or will you seek the help of an established business?

Let’s review a couple of options that will most probably not result in the highest-quality customer experience, get you the best deals or provide a safe transaction.

  • Craigslist: Never meet someone you don’t know, even if they promise to pay you in cash.
  • eBay: Some people are tricked by fake PayPal payment confirmations and give away their Rolexes, thinking they got a great deal.
  • Online auction sites: Online auctions site won’t get you the highest possible price for your Rolex but rather what your potential Rolex buyer can afford.
  • Pawnshops: Some pawnshops engage in deceptive sales practices, offering low prices for goods and pressuring sellers to accept an offer that comes with a countdown.

When selling a used Rolex watch, working with an experienced and reputable Tampa Rolex buyer such as Diamond Banc can make a world of difference.

Throughout the years, we’ve built a network of contacts with Rolex dealers, retailers, and private collectors to ensure your timepiece is matched accordingly.

Rolex watch buyers in Tampa: Trust industry pros

Diamond Banc was founded on a set of core values. We maintain the highest trust, transparency, and integrity standards in our daily business practices. 

We always look for new ways to serve our customers with innovative products and services and provide them with detailed explanations about how we arrive at an offer.

Diamond Banc always encourages customers to compare offers and come to us to see if we can do better. So if you’re in the Tampa area and search “Rolex buyers near me” — make sure you do your due diligence for whatever businesses pop up on the results page.

You can sell your Rolex online in 3 easy steps and get started with the help of this simple form.

Better yet, you can hybrid the process by receiving an initial offer from us online and visiting our Tampa office in person to complete the process.

Jodi Hudson, our super friendly Market Director, will be delighted to welcome you for a comfortable sit down where we can conversate in total privacy. 

Call (813) 609-4331 to book an appointment and bring us your Rolex watch for a thorough evaluation.

Diamond Banc offers an uncomplicated, convenient, and customer-centric approach to selling your Rolex watch in Tampa with maximum confidence.

Sell Used Rolexnavigate_next Tampa Rolex Buyernavigate_nextLocationsnavigate_next

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Tampa Diamond Buyers: Where To Sell My Diamonds With Confidence https://www.diamondbanc.com/insider-news/tampa-diamond-buyers-where-to-sell-my-diamonds-with-confidence/ Mon, 29 Aug 2022 11:29:49 +0000 https://www.diamondbanc.com/?p=14626 Are you having thoughts of selling your diamonds or designer jewelry?  Before you take action, it is crucial to find out […]

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Are you having thoughts of selling your diamonds or designer jewelry? 

Before you take action, it is crucial to find out if the business you choose among multiple Tampa diamond buyers is trustworthy, helpful, and one that will offer you a fair value for your diamond jewelry.

But what are some of the warning signs you need to watch out for? Let’s unpuzzle this topic in this short blog so you can sell confidently and walk out knowing that you’ve made the right choice!

Professional knowledge of diamonds & luxury jewelry

The #1 factor you must consider when selling your diamonds is ensuring the people appraising your jewelry have the knowledge and specialize in diamonds, gemstones, and jewelry. 

The team here at Diamond Banc is rich with talents ranging from GIA graduate gemologists and trained appraisers to people who’ve held positions at high-end retail brands like Harry Winston or Tiffany & Co.

We get a kick from educating customers about the four 4C’s of a diamond before dropping any number because we deem it essential for them to know their genuine worth.

When you walk into a street corner local pawnshop with a Chopart necklace, for example, how likely is the person servicing you able to name the exact model and recognize its greatness?

Diamond Banc not only recognizes signature pieces but also pays a premium for them.

Your diamond jewelry assessed without foul play

Our Tampa diamond buyers here at Diamond Banc carry the process with honesty, integrity with complete transparency.

Your valuation may derive from any particular jewelry piece’s unique aspects. Is it a designer brand, vintage, or has distinct and exceptional characteristics that require attention? 

The same goes for your diamond certificates. Although we evaluate and purchase diamonds of all kinds, certified and uncertified — we always suggest getting gradings done at the Gemmological Institute of America or GIA versus other laboratories.

We go the extra mile to ensure that your diamonds receive a fair and conservative valuation, notably on characteristics such as color or clarity. For instance, a slight level up of diamond clarity from a G Color SI1 to a K Color SI2 can significantly increase the value in your favor.

Our ultimate goal is to reveal your diamond’s genuine worth and ensure you get the funds you deserve. You may come across Tampa diamond buyers trying to take advantage of the things mentioned above to make a quick profit, and that’s a big no in our books.

O2O: Online-to-Offline reputation

Tampa is a thriving city where many new businesses keep popping up out of nowhere — here’s where you want to do a bit of investigation before jumping too quickly in ice water.

Now, if your search begins online, you may want to start by checking out that diamond buyer’s website with a dedicated page that lets users read and learn more about them. While browsing through, check if they are rated A+ by the BBB [Better Business Bureau] and whether or not they have Trust Pilot activated on the homepage.

To be confident in your decision-making, you may also read actual comments and reviews from real-life customers to summarize their experiences. Yelp or Yellowpages are great resources, and Facebook and Google Reviews to get to the bottom of it.

Diamond Banc was established by Mills Menser, a 3rd generation jeweler and owner of Buchroeders Jewelers — our sister company and legacy retail jewelry store that started in the Midwest and has been operating steadily since 1896. 

Privacy & high-end customer experience

Diamond Banc welcomes you to a spacious, stylish office that embraces luxury because, at the end of the day — we believe you deserve to sell with the same level of excitement as the first day you put on that very same piece.

Our Tampa diamond buyers at 3401 Henderson Boulevard will greet you courteously and make you feel comfortable discussing your gorgeous diamond jewelry privately.

Skip the noise and the unnecessary wait you would experience at your local pawnshop. We have a reputation for paying better for your diamond jewelry while giving exceptional customer service in a luxurious setting that simply cannot be matched.

Ease of use & flexibility

At Diamond Banc, we believe your diamonds are worth more than some Tampa diamond buyers in the city may initially offer you.

That’s why we strongly encourage you to compare a few offers from competitors first, then come to Diamond Banc. Our goal is to give you the highest possible return for your luxury goods. 

We take particular interest in designer names like Cartier, Van Cleef & Arpels, Tiffany & Co., just to name a few. If you wish to retain ownership of your gorgeous jewelry, we will encourage to do it! We have a vast selection of liquidity options —. Tailored to your budget and needs.

Experience the difference in our Tampa office located at 3401 Henderson Blvd Suite E. 

Jodi Hudson is our Market Director and an expert diamond jewelry appraiser with over 25+ years of experience in the fine jewelry sphere. 

You may book an appointment with her or start the process yourself online now!
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Beyond the 4Cs: The Other Diamond Clarity Characteristics https://www.diamondbanc.com/insider-news/beyond-the-4cs-the-other-diamond-clarity-characteristics/ Tue, 05 Apr 2022 17:00:33 +0000 https://www.diamondbanc.com/?p=14172 The diamond industry continues to grow and expand. According to the Zimnisky Global Rough Diamond Price index, rough diamond prices were […]

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The diamond industry continues to grow and expand. According to the Zimnisky Global Rough Diamond Price index, rough diamond prices were up 28% in the year 2021. With the diamond industry continuing to reach new heights, consumer trends are changing sales patterns. During the pandemic, around 25% of all sales from diamond buyers were taking place online.

When you think about diamonds and pawn jewelry in Tampa FL, you immediately consider the 4Cs. The 4Cs of diamonds include the cut, clarity, color, and the carats or weight of the diamond. It is easy to categorize diamonds with these four qualities and attempt to identify the uniqueness of each piece. But occasionally you may need to dig deeper beyond the 4Cs.

BEYOND THE 4CS

 
Diamond-4Cs

You need to go beyond the 4Cs to differentiate diamonds from each other. A diamond’s formation process begins deep within the Earth. Extreme heat from the earth paired with intense pressure result in what are known as inclusions. Inclusions, small imperfections found within the structure of the diamond, are internal clarity characteristics.

Professional diamond graders use magnification to examine each diamond for blemishes, inclusions, and more. The greater the clarity of a diamond, meaning it has very few or no inclusions, the higher the value and the rarity.

WHY ARE CLARITY CHARACTERISTICS CRITICAL TO A DIAMOND

 
Why is it so important to consider a diamond’s clarity characteristics? When a professional grader is looking at a diamond, there are 11 grades on the GIA Clarity Scale. The vast majority of diamonds will be in the grades of VS, or very slightly included, or S which means slightly included.

With your naked eye, when you look at a diamond that has an S or an SI rating, you may notice no difference. It takes an expert to determine the difference. These variances and grading can lead to clarity characteristics greatly impacting the value of the diamond. The clarity scale includes the following:

  • Flawless (FL)
  • Internally Flawless (IF)
  • Very, Very Slightly Included (VVS1 to VVS2)
  • Very Slight, Included (VS1 – VS2)
  • Slightly Included (SI1 – Si2)
  • Included (I1 – I3)

 
You need to make clarity characteristics critical when searching for a diamond. While inclusions and blemishes are not something you can spot with the naked eye, it does not mean they are not there. Be aware of these during the purchase process so you understand the value.

CUT, QUALITY AND THE IMPACT ON PRICE

 

The cut quality of a diamond is going to impact its brilliance, radiance, and the visual appeal overall. The GIA has grading in place for the cut quality of a diamond. A professional grader will be able to appraise the cut grade of the diamond. These ratings include:

  • Excellent – The highest level of fire and brilliance.
  • Very Good – Exceptional fire and brilliance.
  • Good – Good fire and brilliance.
  • Fair – Little brilliance and fire.
  • Poor – Minimal fire and brilliance or sparkle

 
The cost of a diamond with an Excellent or a Very Good rating is going to hold a higher value than one with Good or Fair quality. When analyzing the cut of a diamond, look at how it reflects light. Place it under a normal lamp and see the light reflects. Look for dark spots, as well as blemishes. The trick with cut quality is that you could end up paying up more for a diamond with an Excellent cut quality when you compare it to one with Fair quality, but not that much more. 

DOES FLUORESCENCE HAVE AN IMPACT ON THE PRICE POINT?

 
So what exactly is diamond fluorescence? UV diamond fluorescence is something that you see in about 35% of all colorless or white diamonds. Fluorescence refers to a diamond’s tendency to emit a soft colored glow when subjected to ultraviolet light. Occasionally, when a diamond is forming, trace elements of aluminum, boron, or nitrogen are absorbed by the diamond.

The most common color of fluorescence that you will see from diamonds is a blue color. Blue fluorescence can be a positive factor in diamonds with a yellow tint. Because blue is a complementary color to yellow, the combination of these two gives it a more white appearance when exposed to UV rays.

Particular color grades pair better with particular fluorescence grades. The value of a diamond is not notably affected if the diamond has faint fluorescence.

SAVINGS FROM DIFFERENT DIAMOND CERTIFICATIONS

 
There is also an impact you will see on the price point of diamonds depending on who performed the certification. The Gemological Institute of America (GIA) is the most prevalent in the diamond industry. The grading reports by the GIA have been considered best-in-class. There are other reports that you can go with though that, while they may not carry as much weight in brand appeal, is still very worthwhile to seek out. These include the American Gem Society (AGS), HRD Labs, as well as Gem Certification and Assurance Lab (GCAL). Other labs worth consideration include the PGS, GSI, as well as EGL labs.

A FOCUS ON DIAMOND POLISH AND SYMMETRY

 
Diamond-Polish

Diamond polish and symmetry is critical as you are shopping for that perfect piece. When a diamond is cut, the cutter will finish the stone off. The result is it will be as smooth as glass. The diamond polish process is the final piece being done to the diamond before it is ready for sale. Diamond polish influences how well light is able to pass through a diamond. During the polish, you can have issues with the scratching and nicking of the diamond, as well as abrasions. All of these can impact the polish and the price point.

Symmetry works much the same. The symmetry grade of a diamond refers to the external balance and alignment of the facets. When a diamond is perfectly symmetrical, it will command a higher price tag.

TAKING AN EQUITY LOAN AGAINST YOUR DIAMOND JEWELRY

 
There is no impact at all on the value of your jewelry if taking a loan against them. The value of your diamond rests with the diamond itself. The fact that you went to pawn jewelry in Tampa FL will have no impact on its value at all. Diamond buyers value the diamond itself, the 4Cs, and what lies beyond them. Pawn jewelry is just as worthy as any other type of jewelry out there.

Pawn jewelry in Tampa FL is a convenient option if you find yourself in a financial crisis. Working with the team at Diamond Banc, you will find that you can take a loan and recuperate financially. There is much potential and it all starts with having quality jewelry diamond buyers. Choose Diamond Banc for their integrity, expertise, and transparency while offering you true value when seeking a loan against your diamond 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.

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5 Beneficial Reasons To Pawn Your Jewelry https://www.diamondbanc.com/insider-news/5-beneficial-reasons-to-pawn-your-jewelry/ Fri, 25 Mar 2022 17:00:39 +0000 https://www.diamondbanc.com/?p=14051 You can quickly pawn jewelry to receive the funds needed to make it through a financial crisis. Best of all, our […]

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You can quickly pawn jewelry to receive the funds needed to make it through a financial crisis. Best of all, our pawning services allow you to retrieve your jewelry after the loan is satisfied. We’re happy to help you transform that Rolex or earrings into funds-in-hand that you can spend.

There are a surprising number of benefits to receiving a pawn jewelry loan. Our loans are fast, secure, and have no impact on your credit rating. We can work with you to design a custom repayment plan with low-interest rates so that you can get your jewelry back quickly and easily.

Here’s what our team at Diamond Banc wants you to know about the benefits of pawning your jewelry.

WHY MORE PEOPLE ARE PAWNING THEIR JEWELRY

PAWNING-JEWELRY

We’re seeing more people than ever stopping into our pawn jewelry shop. There are good reasons to pawn your jewelry, and our doors are always open for people looking to take advantage of our solutions.

These are three of the biggest reasons why more people are pawning jewelry:

CHANGING FINANCIAL SITUATIONS

One of the biggest reasons people pawn their jewelry has to do with changing financial situations. Individuals find that they need funds in hand quicker and with greater accessibility than ever before.

That old Rolex watch or that jewelry that has been sitting in a box for years might be able to help you get out of a tough financial spot. Best of all, a pawn loan doesn’t involve you selling your jewelry. Your jewelry is held on a short-term basis as collateral for a loan.

This flexibility allows pawning to be an excellent solution for helping individuals as their financial situations change. The pawn loan can help you get through a difficult financial position, but when things start to look up, you can quickly repay the loan and reclaim your jewelry.

THE SPEED OF TRANSACTIONS

The speed of transactions is also one of the reasons why pawning jewelry has become more popular.

Selling your jewelry and other items takes far too long and has too much risk. Individuals needed the money they were looking for quickly without dealing with all of the ins and outs of selling items privately or through online services. Pawning takes out the guesswork and allows you to get your objects’ exact, actual market value without all of the risks.

Our pawning transactions are completed quickly. Our jewelry experts can quickly evaluate your items and get back to you about the specifics of your loan in no time at all. You won’t have to wait for sellers interested in your articles. You need to get in touch with our team to help you find the money you need right away.

GETTING MONEY THEN RECEIVING YOUR ITEMS BACK

Did you know that you can get your items back after pawning them?

Most people believe that pawning is only for selling jewelry and other items. However, pawning has historically been a way to get a loan using your items as collateral. This is the most common way people pawn their jewelry and other items.

The process works like this. You bring your jewelry to our location or use our online pawning service. Our experts will then evaluate your items and get back to you about the specifics of your loan. Then issue you the funds with a payment plan that works for you.

Once you repay your loan, you’ll be able to get your jewelry or other items back. It’s that easy.

5 BENEFITS OF PAWNING YOUR JEWELRY

Gold and Diamond Jewelry

If you’re looking to pawn jewelry, you should know the essential benefits of pawning with Diamond Banc.

We’ve been in the jewelry and pawning industry for years. This gives us an expert insight into how the business works and allows us to streamline our services and pass those savings to you. We offer some of the lowest interest rates on our loans legally possible, and we’re always willing to work with you to develop financing plans that help you meet your goals.

Here are five reasons individuals turn to our services and benefit from pawning their jewelry.

FAST EVALUATION AND LOAN PROCESSING

One of the reasons why we’re so well respected is we offer fast evaluations and fast loan processing. You’ll be able to get the full value of your jewelry as cash in hand quickly. We respect the fact that individuals pawn their jewelry when facing difficult financial situations, and we’re here to make sure that you get the value you’re looking for.

When you work with us, you can expect that we will be professional and quick with our appraisal and our loan offering.

SECURED AND METHODICAL APPRAISAL PROCESS

When you pawn your jewelry, you want to ensure that you’re getting an accurate value for the items that you hold dear. We have a secure and methodological approach to our appraisal process designed to bring you the maximum value for your jewelry while still respecting its real-world value.

Our team is composed of seasoned jewelry experts. They’ve been in the industry for years, and they know what they’re looking at when we are evaluating fine jewelry. You can rely on the fact that our experts are not only going to give you the best value for your jewelry, but we’re going to handle everything with care and ensure that it gets back to you in the exact condition we received it.

NO IMPACT ON YOUR CREDIT RATING

We get this question all the time. Our loans will have no impact on your credit score or rating. When you take out a jewelry loan with us, you’re not going to see an unexpected hit on your credit score and have more financial difficulties to worry about.

We’re here to help you overcome financial hurdles that have been thrown into your path. That means we go out of our way to avoid putting another dent in your credit score so that you can get back on solid financial ground.

Changes to your credit score can represent severe financial setbacks. We want to help you ease out of difficult positions, not make them more challenging. That’s why we avoid impacting your credit rating while still making sure you get the money you need.

CUSTOMIZABLE LOAN REPAYMENT OPTIONS

When you get a pawn jewelry loan with Diamond Banc, you should know that you’ll be getting the best repayment plan in the industry.

Customizable loan repayment options mean that our team will work with you to develop a repayment schedule that works with your financial situation to help you meet your goals. These achievable and realistic repayment options allow you to get your jewelry back in a reasonable amount of time.

We work hard to ensure that the repayment plans we come up with work with you. We want you to get your jewelry back because when you have a successful experience with us, that helps us build our reputation. We’re in this transaction together to ensure that you can get the money that you need, and we can continue to maintain our reputation as one of the most respected jewelry pawning loan services out there.

LOWER RATE OF INTEREST

Compared to traditional pawn shops, our pawn jewelry shop has some of the lowest interest rates in the industry.

The reason for this comes down to simple business. We know that our reputation is why our customers keep coming back to us. We want to work with you to ensure that you come up with a loan plan that helps you meet your financial goals. A low-interest rate means that you’ll be able to get your jewelry back and retain our reputation for unbeatable customer service.

THE NEXT STEP IN PAWNING YOUR JEWELRY

At Diamond Banc, our experienced jewelry experts can help you pawn jewelry online or conduct in-person pawn jewelry at a location near you. We know that parting with your possessions is never easy, but you can get the money you need without losing your precious jewelry with our pawn jewelry loans.

Whether you need fast funds to help out during tough times or you’re looking to capitalize on a quickly moving opportunity, our staff is here to help.

Reach out to us today to learn more about our jewelry pawn and loan services. Our team is ready to help you get the money you need.

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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How You Can Pawn Your Jewelry Efficiently https://www.diamondbanc.com/insider-news/how-you-can-pawn-your-jewelry-efficiently/ Thu, 10 Mar 2022 06:06:18 +0000 https://www.diamondbanc.com/?p=13921 Jewelry can make a great financial investment for the future, particularly rare gold, platinum, or diamond pieces of high craftsmanship that […]

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Jewelry can make a great financial investment for the future, particularly rare gold, platinum, or diamond pieces of high craftsmanship that appreciate with time. When you need instant cash or a cash loan to cover an unexpected debt or financial emergency, you can always pawn jewelry in Tampa, FL, to collect the funds you need. Whether you’ve purchased jewelry as an investment, received high-end jewelry as a gift, or have inherited antique pieces from a relative who has passed on, you could have a sizable share to fall back on in time of need. Working with the right pawn shop, jeweler, or other prospective lender/buyer is key to getting the best deal for your jewelry transaction. The following tips can help make your jewelry sale/cash loan efforts successful.

  • CHOOSE YOUR MERCHANDISE WISELY

Selling surplus jewelry is an excellent way to get immediate cash when you need it most. If you’re planning on pawning some of your jewelry, choose your pieces wisely. Diamond jewelry makes an excellent choice as it’s almost always in high demand and commands a reasonable price due to its popularity and unswerving value. Fine jewelry containing precious stones like emeralds, sapphires, and rubies can also bring in a reasonable price at a pawn shop, whether you’re selling or putting it down as collateral for a loan. Jewelry with semi-precious stones could be a backup if the pieces are in good shape and attractively designed.

Luxury watches are often hot items in pawn shops, particularly if they’re renowned brands like Rolex, Patek Philippe, or Omega. To get the optimum price, ensure the watch is clean and in working order before presenting it to the pawnshop. If you have the original packaging and paperwork for the watch, all the better, as it shows, it’s an authentic brand.

If you’re going to sell or pawn jewelry in Tampa, FL, stick to items of value. This is especially important if you want to use the pawnshop again in the future, as it gives you the reputation of being a trustworthy client. Establishing a good relationship with the pawnshop is key to getting low rates and a good return on your merchandise.

  • APPRAISE YOUR ITEMS IN ADVANCE

With pawn shops or jewelry buyers, you can get a good evaluation for your jewelry in advance. You can ensure you’re getting a good price by having your jewelry appraised in advance. That way, you’ll know what your pieces are worth and won’t undersell them at a significant loss. Knowing the market value of your items gives you the power to negotiate a good price when you pawn jewelry in Tampa, FL.

High-End-Watches-Rolex

High-end watches like Rolexes, for example, generally bring in around three-quarters of their market value. Having name-brand watches appraised before selling or pawning them gives you a starting point for bargaining. If you’re selling gold jewelry, check online to get an idea of the current gold price. If the price of gold is high at the time you’re planning to sell, consider taking your gold chains, bracelets, or other jewelry to a gold shop, as you may get more money from the metal’s value. Gold or platinum jewelry with diamonds or other precious stones will likely command a higher price at a pawn shop due to the cumulative value of gemstones and precious metals.

CHOOSE A REPUTABLE PAWN SHOP

 
If you want the best value for your items:

  1. Work with a reputable pawn shop you can trust.
  2. Take time to research pawn shops online to get an idea of the kind of merchandise they specialize in.
  3. Check their reviews to see how customers rate their business and services. You’ll feel more comfortable working with a reputable pawn shop and will have greater confidence that they won’t try to deceive you or take advantage.

 
When you’ve found the right jewelry buyers, whether in Tampa, Boca Raton, Miami, Palm Beach, or Orlando in the state of Florida, evaluate their process or speak to their experts to learn more about the evaluation process and the type of jewelry in your possession. If the buyer is mainly interested in diamond jewelry, don’t try to convince them to buy antique jewelry that they aren’t dealing in. Look for a place that will appreciate the merchandise you have to sell as you’re likely to get a better price.

  • DECIDE WHETHER YOU’RE PAWNING OR SELLING

Pawning-or Selling

There is a distinct difference between pawning an item and selling it outright. Before offering your goods to a jewelry buyer, decide in advance what transaction you’re going to make. Pawning merchandise means you have an opportunity to get it back if you so desire. You may, for example, decide to pawn jewelry in Tampa, FL, to get quick cash in between paychecks to cover an unforeseen debt, but you plan to recover that jewelry as soon as you get paid. It’s like taking out a loan and giving your jewelry as collateral. In contrast, selling your goods outright means you’re willing to let them go once and for all.

If the buyers are interested, discuss your options to better understand the transaction you wish to make. Talk about the terms of pawning your items to ensure you’re capable of completing those terms if you want your jewelry back.

  • EXPECT TO NEGOTIATE

Expect to negotiate prices with the pawnshop for the items you want to sell or pawn. If you’ve had your jewelry appraised, you’ll have a good idea of what it’s worth and can start negotiations at a slightly higher price. When it comes to gold or platinum jewelry, keep in mind that these prices fluctuate. If you’re selling your jewelry when the price is down, you can’t expect to get more than the current market value.

Negotiating is a good practice for the course when pawning jewelry in Tampa, FL. If you’re not good at negotiating, seek the help of a relative or a professional friend to do it on your behalf. At the same time, be realistic about the price you’re trying to obtain from your jewelry sale. If your asking price is too high, they may decide it’s not worth the trouble of doing business with you, which may close down negotiations before they even start.

When planning to pawn jewelry in Tampa, FL, consider how you can present your pieces in the best possible light. Presentation is essential when pawning or selling fine jewelry as it shows your merchandise is important to you and should be important to others as well. Handling your goods with care and showcasing them properly are signs that your items have value.

  • PLAN YOUR PRESENTATION

If your jewelry is dirty, tarnished, or in need of repair, take time to clean or repair the pieces you plan to sell to make them as attractive and appealing as possible. Rather than risk damaging jewelry by cleaning it yourself, delegate this task to a professional jeweler to ensure the job is done right. Fit any watches you’re selling with new batteries, and make sure they’re working like a charm before adding them to your collection of items to sell or pawn.

Taking the time to present your jewelry will make a positive impression on the buyer, improving the outcome of your sale. Boxing your pieces for display will not only make them look good but will also protect your valuables from getting lost or damaged.

TAKEAWAY…

 
At Diamond Banc, we assist customers with evaluating and buying fine jewelry and specific diamond jewelry products. With 125 years of experience in jewelry, Diamond Banc offers unmatched purchasing power, lending expertise, and overall industry resources.

We’ll duly evaluate your jewelry with our tried and proven process to ensure the best returns. Whether you’re selling or looking to get a loan against your prized jewelry, Diamond Banc has the resources, purchasing power, and lending experience to meet your needs. Talk to our experts today!

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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What to Do When You Need Urgent Cash in Tampa https://www.diamondbanc.com/insider-news/what-to-do-when-you-need-urgent-cash-in-tampa/ Mon, 02 Aug 2021 22:18:34 +0000 https://www.diamondbanc.com/?p=12388 Many of us have experienced the stark hopelessness that comes from needing cash fast. Whether it’s after a disturbing phone call […]

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Many of us have experienced the stark hopelessness that comes from needing cash fast. Whether it’s after a disturbing phone call from the bank or just an unexpected bill, feeling like there is no solid solution insight can be disheartening, to say the least. And although there may seem to be no way out, there are financial solutions available right here in Tampa, FL—options that can provide you with some much-needed breathing room while giving you a chance to figure out what needs to be done in order to solve your financial situation as quickly as possible without feeling as though they’ll just add to your troubles.

Watching-Outside-Window

Ask Your Family and Friends

The first option is to ask your family and friends. This is also the natural option that comes to mind when you’re in need. You can request them to loan you some money to pay them later when things get better. They do not just give you an interest-free loan but may also give you unlimited time to pay it back if you have a good relationship with them. However, you should pay them back on time if you don’t want money-related matters to affect your relationship. 

Get a Personal Loan

When you have already exhausted your option to ask your family or friends, you can apply for a personal loan at your office or from a financial institution. But this may take time, depending on your credit history and score. The personal loan processing takes anywhere from 2 hours to 2-3 weeks, so you may have to wait for it. 

Use Credit Card

Most of us have a credit card, and you can also use it to make instant online payments. But remember not to withdraw cash from your credit card if you don’t have enough funds in your bank account. The banks do not just charge incredibly high interest rates but also have additional fees. Instead, you can check with your credit card provider if they can issue a loan against your credit limit. Most financial institutions provide this facility, and you can get cash in your account quickly with a lower interest rate than withdrawing your money through a credit card. 

Get a Loan Secured by Jewelry

Does your jewelry box hold a diamond necklace, an engagement ring, or heirloom diamond jewelry? You can raise quick cash by getting a loan secured by your jewelry. It is a secure and most convenient way to secure funds quickly for your unexpected needs. You can visit our Diamond Banc office located in Tampa, FL. Your item will be evaluated on the spot by our jewelry buying expert and you can receive payment as soon as the same business day.

Diamond Banc is a leading jewelry buyer who can provide you a loan secured by your jewelry. Our GIA-certified expert appraises your diamond jewelry value and provides you with an industry-leading cash offer. This means you can have the cash when you have a financial emergency without giving up your valuables. 

Trying out any of these ways can provide you with quick money, and you should start developing an emergency fund as soon as you recover from your financial calamity. 

 

Get A Quote

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Asset Based Loans in Tampa, FL https://www.diamondbanc.com/insider-news/asset-based-loans-in-tampa-fl/ Tue, 27 Jul 2021 20:12:58 +0000 https://www.diamondbanc.com/?p=12360 Obtaining a loan from traditional financial institutions like banks is a time-consuming and difficult process. In unexpected financial situations, you won’t […]

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Obtaining a loan from traditional financial institutions like banks is a time-consuming and difficult process. In unexpected financial situations, you won’t get quick cash to fulfill your immediate needs. Alternatively, you can get a loan secured by your jewelry in Tampa to get immediate funding according to the value of your valuable possessions. These jewelry equity loans provide you the maximum amount of money with minimum risk and outstanding value.

Understand Jewelry Equity Loans

Jewelry equity loans provide you with funding for your unexpected financial situations. You can think of it as your home or car equity loan. However, the value of pledged jewelry determines the loan amount.

What are the Benefits of Jewelry Equity Loans?

No Need to Sell Your Valuables

Perhaps the most significant benefit of jewelry equity loans is that you don’t need to sell your valuable jewels in financially critical situations. With this type of loan, you quickly get cash, and the lender uses jewelry as collateral. So you can easily unlock the potential of your luxury assets without losing their ownership.  

Don’t Require Credit Check

When you apply for a loan, generally, traditional lenders perform a detailed credit check. This makes the process time-consuming, and they may not approve your loan in case of poor credit history. With jewelry equity loans, there is no credit check. The lenders base your loan on the value of your assets and keep them as collateral, issuing you the loan amount after valuation almost instantly.

Your Credit Score Remains Unaffected

After approval of your loan from a traditional lender like a bank, it needs to provide all your loan information to the national credit bureaus. And if you fail to make your payments promptly, it harms your credit score. Alternatively, jewelry equity loans don’t affect credit score because the lender doesn’t need to report it to the credit bureau. So if you have a good credit score and you want to maintain it, then it is better to choose a jewelry equity loan.

Makes it Easy to Take Loan Whenever Needed

After you repay your debt, the jewelry equity lender returns your collateral. As you remain the owner of your jewelry, you can take the loan again whenever the need arises without giving up your valuable assets.

Flexible Loan Repayment Options

Most traditional lenders have strict loan repayment terms, and failing to adhere to them may result in penalties. However, this is not the case with jewelry equity loans. You can pay at your convenience within the agreed-upon timeframe and even pay down your principal amount, which decreases your monthly rate of interest. This also enables you to pay off your debt quickly.

Get Instant Payment of Loan Amount

Jewelry equity loans give you faster payment of the loan amount. The equity lenders can either give you a cash check or send you money through a wire transfer so that you don’t have to wait for a long time.

If you want to loan your jewelry in Tampa, jewelry equity definitely has several benefits over traditional lenders. You can conveniently get the loan to satisfy your emergency needs without having any impact on your credit score.

 

Get a Free, Zero-Obligation Quote

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