Are you considering borrowing money against, or pawning your Rolex? Diamond Banc offers the highest loan or pawn amounts secured by Rolex watches in the nation.  Put simply, Diamond Banc will loan you more money, at a lower cost and with easier repayment terms than a traditional pawn shop. We store your valuable Rolex With great care and are insured during your loan term.  At Diamond Banc, you can pawn or borrow against your Rolex without visiting a pawnshop. You can overnight your Rolex to our headquarters and receive loan proceeds the next day, or visit our luxury, private office locations for same-day, simple and confidential funding.

Diamond Banc provides loans secured by one Rolex or an entire Rolex collection. Our Rolex secured loans typically range in value from $3,500-$250K. We work with you to create a simple loan structure that best fits your needs,  opposite to the archaic traditional Rolex pawn loan structure provided by traditional pawn shops.

If needed, shop around, and consider various loan options. Then contact Diamond Banc to appreciate the highest Rolex values & lowest cost of borrowing in the nation. Diamond Banc offers Rolex Equity Loans which feature far superior consumer terms than a traditional pawn jewelry loan. Learn the difference between a Rolex Pawn Loan & Rolex Equity Loan here.

Typical pawn shops simply do not possess the capital, nor industry knowledge to provide the high loan & pawn values on Rolex watches That Diamond Banc does. We are the premier jewelry buyer and lender in the nation, owned by jewelers who truly know the value of Rolex watches.

On average over 85% of clients who pawn a Rolex or jewelry item with Diamond Banc pay it off in full and retrieve their item. Over 50% of our clients borrow from us again and again, due to the customer-driven service we provide and pro-consumer Rolex pawn loan structure. Don’t pawn your Rolex the old fashion way,  Borrow against the value of your Rolex with Diamond Banc.

Here’s what you need to know before you pawn or borrow against your Rolex.

1. Rolex watches are ideal loan collateral.

In virtually every case We will LOAN YOU 25%-100% MORE against your Rolex than an average pawn shop. Diamond Banc is a huge nationwide Rolex buyer and seller. We participate in the market daily and fully appreciate the value of your Rolex. Typical pawn shops have a tough job, they must know a little bit about the second-hand value of lots of item types. Diamond Banc focuses on being the best in one space, high-end jewelry, and watches.

Pawn shops typically loan very convertibly to protect themselves from markets in which they are not an expert. Often pawnshops rely on selling Rolex watches from loans not redeemed to customers who walk through their door. These clients often are not willing to pay what the watches will quickly sell for in other marketplaces.

2. Funding reliability and loan service is supreme.

Most pawn shops offer lower loans they can vary based on their knowledge and the amount of cash they have to loan when you want to borrow. Diamond Banc is always standing by with significant capital to reserves to maximize clients’ loan needs and provide consistent reliable funding and post-loan servicing. Borrow against your Rolex, from an expert and leader in the luxury watch business. You will receive higher loan values, more reliable funding, and optimal loan servicing.

3. Pawn shops lack specialty focus.

When you lack focus you can lack service and value to your customers.  Pawn Shops do the best they can and there are many well-run, fair, and good ones that provide valuable service to the masses. However, being all things to all people is always next to impossible.

Pawn shops who loan on everything from Rolex watches to guitars,  simply can not dive deep into any one area from a capital ability, or loan value appreciation perspective.  Diamond Banc is the best in the nation with a specialized focus on Rolex Watches, fine watches, diamonds, gold, and fine jewelry. We know our business and know we loan the most.  Diamond Banc offers The HIGHEST ROLEX LOAN VALUES IN THE NATION.

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At Diamond Banc, some recent deals we’ve done include $6,000 for this stainless steel Rolex Submariner, $20,000 for a Rolex Daytona Chronograph, and $8,500 for a ceramic all-steel Rolex Submariner.

If you have a Rolex or another luxury watch that you want to pawn or use as collateral for a loan, call Diamond Banc at 1-573-875-2265, visit our website, or visit one of our private luxury offices in the following markets.

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

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Since Rolex watches can be an expensive and highly prized possession it can often be difficult for people to sell their watches for the right price in the market. 

Rolex watches are considered both a financial asset and a matter of class and prestige for the owners. They find themselves not wanting to part with it and sell it to a Rolex buyer. 

However, when the need arises for a person to sell their Rolex watches, they are often not aware that they can still sell their watches without having the right papers as long as they are dealing with the right Rolex buying company.

FACTORS THAT IMPACT THE VALUE OF YOUR ROLEX

Plenty of factors go into evaluating your Rolex’s value and how much you might expect a Rolex pawn shop to pay for it. These factors include:

• The condition of the piece
• The age of the piece
• The watch model that you own and demand for that particular model
• If you still have its original box and warranty 

 
We will go through each of these factors in detail, but the most important thing to know is that the value you assign to your watch may not match what the Rolex buyers have to offer you. Professional Rolex buyers have a thorough evaluation process that helps them objectively determine the actual value for Rolex watches of any condition. 

THE CONDITION OF THE PIECE

You may not receive a significant amount for your Rolex piece if you have not maintained it well. You need to be careful when it comes to keeping your watches well maintained and in pristine condition so that should the need arise, you can get an excellent value for them.

THE AGE OF THE WATCH

Older Rolex watches generally have less value due to aging and condition than a newer model. However, some models tend to grow in terms of their evaluation over time if they are well maintained and achieve a vintage status. A Rolex Buyer would want to acquire well-maintained pieces that can be beneficial for them to liquefy effectively. Irrespective of the age of the watch, we highly recommend you take your piece to a renowned Rolex Buyer or Rolex pawnshop to allow them to evaluate it properly and give you the proper evaluation for it, keeping its age, condition, and vintage status in mind. 

THE MODEL

The model of your watch matters a lot to collectors and buyers. They want to buy the watches they do not currently have to round out their collection. If you happen to be holding a Rolex model that has some significant value to them, then you may have landed on the perfect combination to sell to a Rolex buyer, similar to how you would at a pawn shop. Some of these timepieces are valuable simply because they are hard to find.  

Other pieces are highly prized because the craftsmanship that has gone into them is second to none. Whatever the case may be, it is always nice to know that you might have something that can get you a good deal should the need arise. 

ORIGINAL BOX AND WARRANTY

You do not need the original box and warranty to sell your Rolex, but it definitely helps if you have them. If you have the original box and warranty that go with your watch, then you can prove the authenticity and further assist in the overall evaluation. However, it is not a must, and an excellent Rolex buyer or a Rolex pawn shop can still evaluate the authenticity and work out a deal. 

OTHER IMPORTANT ASPECTS TO CONSIDER WHEN SELLING YOUR ROLEX

IS THE BUYER REPUTABLE?

You need to turn to a buyer with a good reputation and preferably who has purchased Rolex pieces from you before. You don’t want to deal with someone you aren’t sure about their credentials or ability to pay you the money you are owed for this piece. It can get very questionable very quickly if you don’t work with someone that you know for sure that you can trust. 

Thus, you should try to look at reviews and other information that can help you get complete information on the Rolex buyers you are considering selling to. As long as other people have confirmed that this buyer seems reputable, you shouldn’t have any problem working with them to sell. 

Be FORTHCOMING ABOUT THE DETAILS OF YOUR PIECE

There is no sense in lying to the person you attempt to sell your piece to. Not only does lying about the value of your piece make you look bad, but it is going to be incredibly obvious that you are not telling the truth about your piece when you do this. You should try to make every effort to be as transparent as possible about any issues related to age, authenticity, and condition in your Rolex. If you feel that you cannot tell the buyer about specific details of what they are potentially buying from you, then it is going to be a failure from the start.

TAKE GREAT PICTURES OF THE WATCH

If you are selling to someone over the Internet (as many people do these days), you should try to include good high-resolution images of the watch and show it well. If you can do this, then you can get more bites on your offering because people will see what the thing looks like, and they may want to take a chance at buying it for themselves.

DON’T SELL ON FEAR OR IMPULSE

Make sure you have the cushion of time to make your sale. It will not do you any good if you sell your watch out of fear or impulse. People make that mistake all the time when they think they need to get rid of their watch quickly because of the fear of not being able to raise enough money for some other expense that is breathing down their neck at this time. Do not allow that to be you. You need to get ahead of this thing and only sell when you are certain that you are getting a fair price for what you have to offer. Then and only then can you rest easy at night knowing you made the right decision.

If you are looking to sell your Rolex watch, visit us to get the process started. With us, you’ll get an expert evaluation of your watch and always a prompt initial quote. You can even explore the option of getting a jewelry loan, using your Rolex and other fine jewelry as collateral, in order to ensure you can get your prized possessions back. No matter what, you will have all the information you need. 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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• 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 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

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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Luxury Watches As An Investment

Many luxury watches do not lose their value, instead become more valuable as their rarity increases. Such watches are also practical as you can wear and use them no matter how old they are. Other than being a fantastic investment, they are a beautiful work of art and a stunning piece to add to any wardrobe collection. 

If you are looking to invest in luxury watches, take the time to do your research, find the right piece, and ensure that you are buying only authentic watches. Here’s what you should know : 

Benefits of The Secondary Market

There are tons of benefits in buying luxury watches in the secondary market as it is a network of sellers and buyers that deal with used luxury watches. These watches are all in great working order, they are inspected, and are authentic and in good shape.

BUYING PRE-OWNED IS COST-EFFECTIVES

The first benefit to the secondary market is that it is less expensive. These watches are pre-owned, have been used, worn, and will sell for a fraction of the price of a new watch. The average price of a Rolex is anywhere between $7,000 to $12,000. For special editions or unique versions of the watch, they can cost tens of thousands of dollars.

For example, used or pre-owned Rolex watches generally cost far less, averaging around $5,000 for an Explorer watch. With pre-owned watches, you can get authentic, gently used Rolex watches for a fraction of the price without sacrificing any of the authenticity and quality of the watch.

RARE WATCHES ARE AVAILABLE

Another benefit to the secondary market is finding watches that are not readily on the market. Watches that are special editions, only made in limited quantities, or discontinued can be found on the secondary market easier than you might try to buy them new. With luxury watches, most of these watches are only made in limited quantities. They are not mass-produced, so there will be tens of thousands of them to purchase.

Rolex releases new models of their watches each year, and with each new release, they tend to discontinue older versions. They make limited numbers of each model every year and generally only make about 1 million watches worldwide. With limited numbers being made, these watches do become hard to find. In many cases, special edition or specially made watches will be hard to get and hard to come by.

In some cases, people do have to be put on waiting lists to find out if they wish to purchase a watch, which makes it even harder to get your hands on it. These watches that are part of the secondary market are going to be more varied, there are going to be models that are no longer in production, and there will be models that might be hard to come by new.

The secondary market will open up to you and allow you to find great watches that might be hard to find otherwise, and you can find them for a fraction of the price.

CONVENIENCE

Another benefit to the secondary market is that it is far more convenient than buying new or finding a place that sells these watches. Such a market is always going to be there, easy to access, and it is easy to contact someone from the secondary market to shop.

There is far less pressure with a secondary market than there would be if you were buying new and you can take your time to look for the watch that you want and the watch you need. The secondary market is easy and simple to shop for and can help you find the best watch possible and the watch that you want.

SIMPLE TO SELL AFTER

By being part of the secondary market and buying a Rolex watch, you can also resell the watch after you have worn it and used it and want to switch things up. This gives you a greater option for buying watches and the option to resell after you are done with it.

Reselling on the secondary market can help you get some of your investment back after purchasing your watch – It is a great way to get your money back, to get money to invest in a new watch, and to get the money that you spent back so that you can get a new watch if you want. The secondary market is great for both buying and selling and can help you get your money back and then reinvest.

To be part of the secondary watch market, you do have to talk to people, and it does benefit you to work with others and build up relationships with other buyers and sellers. When you buy your watch, you can talk to others about potential buyers for other watches you may have or for the watch you are purchasing after you are done using it and might want to resell it then.

COMMUNITY

For the secondary market to be successful, people need to build a sense of community, and they need to work together. The secondary watch market only works when people are willing to sell and buy and talk with one another and work with one another to create a healthy and growing market.

The secondary watch market flourishes when more people get involved and when more people work together to create a pool of items to be purchased and a pool of items to be sold. Working with people in the secondary watch market can also help you get the watch you have been looking for and help you find buyers for your watches.

Building a community with other buyers and sellers can make the market even more exciting as well. Relationships with those part of the secondary luxury watch market can be lifelong; you may find people who share your interests, people who can help you find the watches you are looking for, and people who could become lifelong friends.

Why Choose Diamond Banc?

Diamond Banc has a team of Rolex experts who are fully immersed in the second-hand Rolex market on a daily basis. We know how to accurately evaluate Rolex watches and determine their true current market value and we pay clients accordingly. 

If you are searching “Rolex buyers near me,” we can help! Maybe you want to sell a current Rolex watch you own in order to buy something new and grow your luxury watch collection. Our staff will work with you to ensure you receive the highest payout possible when you sell your Rolex.

We want you to be successful, we want you to grow your luxury watch collection, and we will work with you from start to finish to ensure you are happy with your experience. Contact us today at Diamond Banc to find out more about selling your Rolex and getting into the secondary luxury watch market.

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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Lab Grown And Real Diamonds

In 2018 alone, 147 million carats of diamonds were sold, including jewelry and loose stones. Diamonds account for most gemstones sold each year and tend to grow in value with each passing year. Diamonds are one of the hardest elements, making it a durable and long-lasting stone that can be passed down from generation to generation.

Real diamonds are created deep within the crust of the earth through years of intense compression. Diamonds are formed when coal is under immense pressure deep within the earth’s surface and exposed to extreme heat then either mined or pushed to the surface through volcanic eruptions. The rarity and time it takes for these stones to form make them so valuable and desirable, naturally.

The criteria that diamonds are graded on based on the cut, the clarity, the color, and the carat weight. These factors determine how much a diamond is worth and how much it can be sold for. These factors apply to both natural and lab-created diamonds, though they are easier to control in lab-created stones than they are in natural diamonds. The clearer, larger and better the cut is, the more it is worth. 

How Are Lab Diamonds Made?

Lab diamonds are created by mimicking or recreating the pressure and heat that occurs in the earth’s crust to form diamonds. Through years of research and trial and error, lab diamonds are more common now than ever before, and there are methods in which they can be created effectively and efficiently.

METHODS OF CREATING LAB DIAMONDS

There are two different methods for creating lab diamonds; the first is HPHT. This method is also known as the High-Pressure High-Temperature method. This is a method in which a tiny piece of a diamond is placed on a piece of carbon. The diamond and carbon are then pressed by either a belt press, a cubic press, or a split sphere press and pressurized to 1.5 million pounds per square inch. This simulates the millions of years of pressure that a diamond goes through while on the surface of the earth.

The diamond is also exposed to temperatures of over 2,700 Fahrenheit to simulate the extreme heat in the crust of the earth as well. The heat melts the carbon, and the pressure forces it to reform around the diamond seed and form a larger diamond. The diamond is then cooled to be used in jewelry or be sold as a loose stone.

Another method for lab-created diamonds is the CVD method or Chemical Vapor Deposition method. This method also uses a small diamond seed, which came from the first method we discussed. The diamond seed is put into a chamber that is sealed and heated to temperatures over 1,400 degrees Fahrenheit, and then carbon-filled gas is pumped into the chamber. The gas is ionized using plasma technology and lasers that break down the gas and the molecular bonds of the carbon in the gas. The carbon will then stick to the seed and create a larger diamond that can be cooled and shaped. This process allows the lab to use methods that enhance the color of the diamond and the clarity as well, and they can even use treatments to change the color of the diamond after it has been formed.

What Is the Difference Between CVD And HPHT Diamonds?

HPHT diamonds generally use at least a portion of a real diamond to start, so they are not fully synthetic diamonds; they have origins in natural diamonds. The diamond is fully synthetic with a CVD diamond and usually uses parts of an HPHT diamond as the diamond seed. Both are gorgeous and rival natural diamonds when they are complete and when they have been shaped and cut into jewelry.

The CVT diamonds will also be more controlled in terms of color, clarity, and look after they are completed. Because these diamonds are fully lab-created, those creating them do have a bit more control in how they look at the end. They can also use unique treatments to change the color of the diamond after it has formed, the clarity of the diamond, and they can better control the finished product.

While creating a natural diamond in the earth’s crust takes millions of years, it takes around two weeks to make a lab diamond and get it ready to be used in jewelry or be sold as a loose stone. This type of diamond is more socially responsible as there are fewer issues regarding how they are harvested around it and rights to mines. They are also better for the environment as the earth is not being disturbed to mine them, and they are essentially being created as demand emerges for them.

Is It Worth Buying A Lab Created Diamond?

When buying a lab-grown diamond over a natural diamond, there are some things to keep in mind. Natural diamonds are mined from the earth. Hundreds of thousands of pounds of soil have to be sifted to find just one carat of diamond to mine diamonds. This means that people have to manually sift the dirt to find very little in terms of diamonds and payback.

On top of that, many diamond mines are in highly contested areas where forced labor is still used to run the mines. This means that some diamonds may impact the lives of the people who mined them and may be part of the blood diamond trade; there is no way you can know as a buyer. Lab-created diamonds take less time to make, they have less of a negative impact on the environment, and they are going to be easier to access than a natural diamond might be.

They are also designed to look as much like a natural diamond as possible. Though they are created in a lab, they still look and feel like a natural diamond, which greatly benefits those who prefer to buy this type of diamond. Lab-created diamonds are also often less expensive than natural diamonds. As mentioned before, natural diamonds are involved in an intricate trade, and lab-created diamonds are not; they are easier to come by and can be customized to cost less than a natural diamond.

Even though they are created in a lab, they are still real diamonds.

GIA And IGI Certifications

Lab-created diamonds are held to the same grading standards as a natural diamond, and that has to do with the four c’s mentioned before—the clarity of the diamond, the color, the carat weight, and the cut. Lab diamonds will be graded just as harshly as a natural diamond, and they can get a certification, as well as a natural diamond, would be able to.

GIA stands for the Gemological Institute of America, and this is the rating that most people tend to worry about when they are purchasing diamonds. This is the rating that is considered the gold standard. The IGI stands for the International Gemological Institute and is also a very prestigious certification. Diamonds can be certified with one of these institutes or another or can hold a dual certification.

What Resale Value Does Lab Diamond Jewelry Hold?

Typically, lab-created diamonds do not hold their resale value very well unless you have a buyer interested either in the setting or the designer who created the piece in the first place. You can also resell these items on sites like eBay or can sell jewelry to professional online jewelry buyers.

Why Choose Diamond Banc?

Diamond Banc is a fantastic resource if you are looking for an option for the resale of diamond jewelry. We specialize in buying natural diamonds and have trained Graduate Gemologists of the GIA on staff to accurately evaluate natural diamonds for purchase.

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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If you have old diamond jewelry that you are considering reselling, don’t doubt yourself! Do diamonds increase in value over time after purchase? The simplest answer is, no. One thing about diamonds is that they depreciate over time. However, it doesn’t mean that you cannot get anything out of reselling your old diamond jewelry. Unlike other precious stones, a diamond is made of a single element. It is about 99.95% carbon, and the remaining % comprises one or more elements that influence its color. Thus, if you own diamond jewelry that you are not wearing, consider selling it immediately before it loses value further.

Are you searching for “a diamond ring buyer near me?” Consider selling your jewelry at Diamond Banc. We have offices throughout the US, making it easy to find a competent and reliable diamond ring buyer near you. Below you will read a piece of detailed information about diamonds and their depreciation. You will also get to learn about the distinctive features of a diamond.

Distinctive Features of A Diamond

Before Diving Into The Reasons For Reselling Your Diamonds, Let’s First Examine Their Features.

SHAPE

Mined diamonds are cut and polished into different shapes. The shape of the diamond is the view from the top. The shape can be round, oval, radiant, pear, or heart, among others. The choice of a particular shape is a matter of preference. However, the most common diamond cut that has stood the test of time is Round Brilliant. Bearing in mind that the shape influences the ring design, diamond ring buyers near me can tell the shape of the diamond from which your ring was curved.

CUT

The cut is commonly confused with shape. However, there are two distinct features of a diamond. The cut is the view of a diamond from the side. It describes the design of transforming a mined diamond into a gemstone. How a diamond is cut influences its brightness and sparkle. Again, the choice is a matter of preference, as some might prefer cut grades of very good rather than excellent.

SIZE

A diamond’s size or weight is determined by units called carats. However, a diamond’s weight does not always translate to its size/diameter. Thus, if you have a diamond measuring ½ carat that sells for $2,000 and another one with 1 carat but similar characteristics, you will end up paying more for size rather than quantity.

COLOR

Since diamonds are 99.95% pure, it is possible to find some clean crystals while others have some sparkling colors. The diamond with the highest color is said to be lower than the one with the lower color. The highest color means lack of color or being crystal clear like ice. The choice depends on personal preference and your budget. Diamonds with high color grades are more expensive than others.

BRIGHTNESS

Brightness refers to the amount of light that can radiate through the surface of a diamond. As the light passes through the surface, it bends as it passes through a prism illuminating its brightness. The brilliance level is, however, influenced by the nature of the cut. If poorly cut, some light will disappear after passing through the surface, reducing its brilliance. Thus, by observing the brightness of a diamond, you can easily tell if it is perfectly cut or not.

SPARKLE

Sparkles are like white flashes of fireworks in a diamond that it gives off as it moves. Diamond sparkle results from a ray of light reflecting on different diamond surfaces and bouncing back into one’s eyes. While every diamond has its distinct sparkles, the pattern should be evenly distributed on the surface.

CLARITY

Clarity refers to the amount of imperfections within a diamond resulting from how carbon particles are compressed during its formation.

FIRE

Fire is the dispersion of light after bouncing back from the surface of a diamond. The fire is identified as the rainbow colors that you see on a diamond. Like a prism but shaped differently, the light does not bounce back in straight lines instead of shades of colors. For a clear view, you need to be at least three feet away.

POLISH

Diamond surface quality differs. Some have smooth and well-polished surfaces, while others are a bit rough. These polished surfaces are called facets. A diamond facet can resemble a stretched, contorted, or triangular kite. As a result, polish is a significant factor as it enhances its beauty and affects its grade.

DURABILITY

Generally, diamonds are the hardest gemstones. However, that does not mean they cannot break. How durable are diamonds? If properly stored, a diamond can have a long lifespan as it is resistant to scratch.

SYMMETRY

Diamond symmetry is a significant aspect. It refers to how perfectly the facets align, resulting in a perfect shape. A symmetrical diamond is more attractive to the eye and also affects the diamond’s grade. A diamond with an excellent grade has more value than one with a lower grade of poor.

LUSTER

Luster is one of the diamond’s most significant characteristics that most often go unnoticed. It is the top of a diamond. Every diamond has a distinct luster from the others. Their differences result from the diamond’s crystal structure. In other words, diamonds of different shapes have different luster. A diamond ring buyer near me will have to examine the diamond in person to determine its luster.

FLUORESCENCE

Fluorescence refers to the effect or glow that a diamond emits when under UV light. The fluorescence level can impact the beauty of the diamond. A diamond with a high fluorescence level will lower its quality and, ultimately, the value. Thus, it is best not to view diamonds with a strong or very strong fluorescence under strong sunlight as they might appear oily and unattractive.

Factors Affecting Diamond Resale Value

While a diamond has a resale value, you will be surprised at how fast that value diminishes immediately when you leave the jewelry shop. The resale value of your diamond jewelry is lower than the original price you bought when it was new. Some of these factors include:

DIAMONDS RETAIL MARKUP

This depends on where you bought your diamond and the difficulties of reselling a pre-owned diamond. As a result, the resale price is generally at least half of the original price.

SELLING STRATEGY

How do you choose to sell your jewelry? The quote will differ based on the buyer. The knowledge and experience of a buyer plays a major factor. Thus, consider visiting a legitimate diamond ring buyer nearby, like Diamond Banc, for a higher payout for your diamond.

DIAMOND QUALITY GRADES

Generally, diamonds with high color, clarity and excellent or perfect symmetry grades cost more than those with lower grades.

MARKET VALUE

The market value of a diamond is determined by demand and how many other sellers in the market are buying pre-owned diamonds.

THE ORIGINAL COST OF THE DIAMOND

How much does a new diamond of the same caliber as yours cost? After factoring in the depreciation of a costly diamond ring, the resale price will still be worthwhile.

Four Reasons Why You Should Consider Reselling Your Pre-Owned Diamonds

QUICK AND EASY CASH

Do you need quick cash? If you own diamond jewelry that is rarely used, it is time that you consider selling them. Unlike some assets that are not easily convertible to cash, a diamond can be sold pretty easily. However, despite being desperate for quick cash, avoid accepting the first offer that you receive. If you are still searching “Diamond ring buyer near me,” research your diamond’s market value and contact Diamond Banc and enjoy the full benefit of your resale value.

A FASTER RATE OF DEPRECIATION

You will be surprised at how fast diamond jewelry depreciates. You purchase that elegant diamond ring and leave the shop, and its resale value is never the same. Thus, the longer you hold on to those diamonds, the more their value decreases. Therefore, take the deal when it is still hot and avoid losing so much time.

YOU MAY NOT USE ALL THE PIECES OF JEWELRY YOY OWN

Why hold the diamond pieces that you rarely wear when you can get a fair value for them? Is it possible that you are not using all your diamond pieces? If that is the case, there is no need to hold them longer just because of their sentimental value. You should sell them and have a chance to enjoy a fair resale price. The longer you take to sell, the more their value decreases. Take the resale deal and avoid extreme losses with once expensive jewelry.

THEY REMIND YOR OF A SOUR RELATIONSHIP OR INSTILL NEGATIVE EMOTIONS IN YOU.

If your diamond jewelry serves as a reminder of a past relationship, why hold on to them? Make a quick sale and buy something that brings positive vibes to your life. Take that leap of letting go of your painful memories when you sell to a nearby diamond ring buyer.

Why Choose Diamond Banc?

Diamond Banc is not only a trusted and reliable jewelry dealer but has established numerous branches across the United States. Thus, consider checking out their offices if you are still searching for “a diamond ring buyer near me.” You will receive reliable and honest feedback about diamonds and their resale values.

BOTTOM LINE

The rate of diamond depreciation is unbelievable but also a reality. Having read this blog in its entirety, you should now understand why it is essential to sell your ignored pre-owned diamonds sooner rather than later. Despite diamonds losing half of their value or more, it is best to conduct market research and consult with reliable diamond buyers like Diamond Banc for fair prices.

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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Want to understand more about diamond symmetry and why it matters? Consider reading this article to the end. You will discover detailed information concerning diamond symmetry, including its importance and its different grades.

What Is Diamond Symmetry?

Mathematically, the line of symmetry refers to the division of an object into different but equal parts. Diamond symmetry refers to how various facets of the diamond align and intersect with each other perfectly. Thus, the asymmetrical diamond should have its facets perfectly aligned with each other.

Why Does It Matter?

You probably are wondering why diamond symmetry matters. The first reason why it matters is the fact that it delivers a visually pleasing presentation. With poor symmetry, the light will enter at poor angles, reducing the diamond’s sparkle. Also, when coupled with other features like clarity, color, shape, and facets, it impacts value.

Different Grades of Diamond Symmetry

EXCELLENT SYMMETRY 

No symmetry flaws identifiable under 10x magnification.

VERY GOOD SYMMETRY

It is challenging to identify minute defects under 10x magnification

GOOD SYMMETRY

Under 10x magnification, noticeable flaws are identifiable

FAIR SYMMETRY

Flaws are noticeable by the naked eye and under 10x magnification

POOR SYMMETRY

Noticeable flaws by the naked eye

Factors Affecting The Symmetry Grade

OUT OF ROUND

A diamond is said to be out of round if it deviates from the usual round shape where the width varies from its length. An asymmetrical diamond has all its sides equal. However, in excellent symmetry, 0.9% variance is acceptable.

TABLE OFF-CENTER

When one edge of a table is further from the outer edge of the diamond than others, it is considered off-center. An excellent symmetry should have a deviation of not more than 0.6%.

CULET OFF-CENTER

When the culet deviates from the pavilion’s center, it is considered off-center. Any diamond with an off-center visible to the naked eye should be disregarded. If the deviation is more than 0.6% of the average diameter, it should be very good symmetry.

TABLE ALIGNMENT

The misplacement of the table facet in the opposite direction. It is computed as the distance between the table center and culet center expressed as a percentage of the average diameter. A distance that is above 0.9% is regarded as very good symmetry.

CROWN HEIGHT VARIATION

Crown height differs from one diamond to another.

VARIATION OF THE CROWN ANGLE

This might occur in cases where the crown angles are unequal. It is the measure of the degree of variation between the maximum and minimum angle.

PAVILION DEPTH VARIATION

It refers to the variation of the pavilion depth.

VARIATION OF THE PAVILION ANGLE

It occurs when the pavilion angles are unequal. It is usually relative to the diamond facets being off-center. A variation of above 0.9% is downgraded.

VARIATION OF THE GIRDLE THICKNESS

It is the variation of the girdle thickness at a bezel position which is the point where the crown meets the girdle. A variation of above 1.2% of the average diameter is considered very good symmetry.

TABLE SIZE VARIATION

It refers to varying table size measurements. It is common where the table is not octagonal and is calculated by the difference between the maximum and minimum table size value.

How To Evaluate Symmetry?

Since a perfect diamond should be symmetrical, you probably wonder how a diamond’s symmetry is evaluated. One should consider various variables when evaluating its symmetry. Below are some of the common factors that jewelry buyers consider. However, it is not possible to evaluate them from a jewelry selling site. One has to visit the store; for instance, diamond buyers in Kansas City can visit the Diamond Banc office.

FACETS ALIGNMENT

How well do the diamond facets align with each other? An asymmetrical diamond has all its facets aligned perfectly. Any variations raise the question of its symmetry.

PROPORTIONALITY OF THE FACETS

How regular or proportionate are the shapes of the diamond facets? The shapes of a diamond facet are supposed to be proportional to each other.

ROUND SHAPED

When the diamond is observed from the top, it appears round in shape? If not, the probabilities are that it is not symmetrical.

The diamond’s table should be proportional and centered too.

The diamond culet should be centered.

Importance Of Diamond Symmetry

You are probably wondering why symmetry in diamonds is such an important topic. However, what makes a diamond attractive is its ability to sparkle when light reflects on it. Thus, in this section, we evaluate the significance of ensuring your diamonds are symmetrical.

IT SPARKLES AND SHINES

A symmetrical diamond reflects the light to maximize the sparkle of the diamond to the viewer or buyer. For non-symmetrical diamonds, the variation is visible to the naked eye and sparkles less.

It boosts the quality of a higher clarity grade diamond. A very good or excellent diamond grade that is symmetrical is more desirable. However, if a diamond is of low grade, its symmetry does not add to its value.

Similarly, a flawless diamond that is non-symmetrical can spoil the sparkle and its beauty.

INFLUENCES PRICE

A symmetrical diamond has better eye appeal. A diamond with more eye appeal is more desirable and can be more expensive.

Factors To Consider Before Buying A Diamond

DIAMOND SHAPE

The shape of your diamond will directly impact the design of your ring. While a round brilliant is the most common shape for engagement rings, no shape is better than the other. In other words, the shape will depend on personal preference. Deciding on the shape will help narrow down the search for diamonds.

DECIDE THE CARAT WEIGHT

Decide on a carat that your partner is expecting. Carat affects the size of the diamond. 

However, remember that the higher the carat weight is, the rarer it is and the higher the price of the diamond ring.

CUT QUALITY

One of the things that enhances a diamond’s beauty is a quality cut. While there are no standardized cut grades outside of the modern round brilliant cut, it is recommended that one considers only excellent and ideal cuts.

COLOR

For diamond color, the goal is usually to choose jewelry that appears glassy white (colorless). Also, consider that the shape of the diamond affects the color density.

CLARITY

One must consider the internal purity of the diamond before purchasing it. Consider the inclusions and blemishes of characteristics in determining the diamond’s purity. Inclusions refer to the tiny imperfections in most diamonds that have ever been mined across the globe. However, blemishes refer to the external imperfections caused by wear and tear. The lower the impurity levels, the higher the clarity. If you consider buying a diamond engagement ring and want to get the full value of your money, go for an eye-clean diamond.

RING STYLE

When buying a diamond ring, most customers often consider only the center diamond rather than the overall style. However, having a ring design that perfectly fits your personality and style is essential. Thus, while choosing a ring, consider your partner’s style and preference too.

MAKE COMPARISION

After considering other factors, you must compare different diamond stones and decide on the best one to buy. When comparing, you should consider the brilliancy of the diamond, eye-cleanliness, and price. Other factors that could affect the diamond value include symmetry, fluorescence, and polish.

CERTIFICATE VERIFICATION

For quality diamonds, certification is essential. Consider GIA and AGS certified diamonds only, as other certifications have had some shortcomings. If you are considering ordering online from jewelry Selling Sites, ensure you check out their certificate too. If the information is not online, consider calling or emailing them to be on the safer side.

GET THE OPINION OF AN EXPERT

Before making that huge decision of purchasing a diamond, consider consulting with experts. They will give you honest feedback on the best option for you.

Why Choose Diamond Banc To Sell Your Diamonds?

Are you looking for credible diamond buyers in Kansas City? Consider Diamond Banc, part of a trusted jewelry business that has been in operation for many decades. We have an online jewelry selling site that you can access from anywhere.

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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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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If you are searching for an easy way to sell your pre-owned Rolex, visit us at Diamond Banc. You will enjoy fast service and a high pay-out from your pre-owned Rolex. Stick with me and learn how you can easily sell your Rolex to us.

Seven Steps To Selling Your Pre-Owned Rolex

FIND A REPUTABLE JEWELRY DEALER

In an industry marked by counterfeit goods, finding a reputable buyer is crucial. As such, many dealers are dishonest and not transparent with their transaction. Consider the following aspects when selecting the right dealer.

• REPUTATION

How reputable is this dealer for buying a pre-owned Rolex? A business whose reputation precedes it can be a great choice for you. For instance, if you want to sell a Rolex in Nashville, Diamond Banc is part of a jewelry company that has been operational since 1896 with an excellent reputation.

• INTEGRITY

This is another quality that you should consider when selecting the perfect Rolex dealer. Your selected reputable dealer must be honest and have a high level of integrity.

GATHER NECESSARY DOCUMENTS

After identifying a reputable dealer, the next step should be to prepare all the necessary documents and information relating to your Rolex. The more informed you become, the higher the chances of reaping the full value of your watch.

While it is possible to sell your Rolex without paperwork or its box, having these items in place will make the selling process easier and increase the chances of a higher payout too.

GET PRICE QUOTATION

The third step to selling your Rolex is getting an accurate quotation of your product from your prospective buyer. In most cases, receiving the true value can be challenging as many dealers want to conceal this number to earn a higher profit. However, if you choose us, you will get an accurate and free quotation for your product. You can fill in the information on our website or call us. You will receive instant feedback quoting the price of your pre-owned Rolex.

RECEIVE A PREPAID INSURED SHIPPING LABEL

For clients who are not within driving distance of a Diamond Banc office, after you accept our price quote, Diamond Banc will send you a prepaid and insured shipping label. You can rest assured that our shipping process is safe. We will insure your pre-owned Rolex while in transit for the full value quoted on the quotation form.

PACKAGE YOUR ROLEX AND SEND IT OUT

Although the goods will be insured, you still want to ensure that your Rolex reaches us safely. Follow the safe packaging process guidelines we provide and then send it out.

RECEIVING YOUR PACKAGE

After safely packaging your Rolex and sending it out to us, one of our Diamond Banc experts will open the package and evaluate the content on camera. This ensures openness and transparency, which in turn results in customer loyalty.

RECEIVE PAYMENT

After the proper evaluation is conducted and we confirm that your Rolex watch matches the description you have given, our representative will contact you to confirm the agreed upon amount. You will then decide on one of two methods of payment to receive your payout. You will receive your total agreed-upon price via wire transfer or check.

At Diamond Banc, we ensure that the process of selling your pre-owned Rolex is straightforward. For any questions regarding the sale of your pre-owned Rolex, visit our website at diamondbanc.com to get our contact details.

Factors To Consider When Selling A Rolex

If you want to sell Rolex in Nashville or anywhere else in the United States, there are some factors you should consider. While the value of many Rolex products increases with age, it is essential to consider the reference number, market value, demand, and serial number of Rolex. Even though at Diamond Banc, we make an honest evaluation of your Rolex value, it is essential to estimate how much to expect for your Rolex. The following factors influence the final value of your Rolex.

LOCATE THE REFERENCE/MODEL & SERIAL NUMBERS.

The reference/model number is one of the many aspects of a Rolex watch that will determine its value. What is the reference/model number, and where do you look? A reference/model number is a four to six-digit number and is usually engraved on the side of the watch case and is located between the lugs at 12 o’clock. For Rolex watches, these numbers are engraved on the case between lugs at 12 o’clock. As such, if you want to sell Rolex Nashville, you have to remove the bracelet to read the numbers. The serial number of a Rolex is also very important and is located in one of two locations on the watch depending on the production year. For Rolex watches made before 2005, it can be found engraved on the case between the lugs at 6 o’clock. While in 2005, the serial number was engraved on the inner flange, a.k.a rehaut, in 2008, the serial number was found only on the rehaut.

Thus, you will need to remove the watch bracelet/strap to read the reference number. However, if you still hold the paperwork, you can find its reference number in the product description. The reference number sets the value of the Rolex by revealing most of the information about it, like the material quality of the Rolex. Also, by entering the reference number of your Rolex in our Diamond Banc Rolex Value Calculator search bar, you will get the exact price of that specific model then.

The purpose of determining the serial number of your Rolex is to assist in approximating the production date of the watch. Recently, Rolex has changed serial numbers to include letters too. If you cannot find your pre-used Rolex serial number engraved in or on Rolex paperwork, use the Diamond Banc watches search lookup tool to find the serial number.

RESEARCH THE MARKET VALUE

After tracing your serial and model number, it is essential to determine your Rolex watch’s current market value. Are you looking forward to selling your Rolex in Nashville or anywhere in the United States? Most luxury jewelry stores place more value on a timepiece than its actual price.

From a general perspective, rare pieces tend to command higher selling prices compared to the common pieces. However, the true market value is the amount of money the buyer is willing to spend on your pre-used Rolex regardless of its original price and the sentimental value it has to you. In addition to comparing a recently sold piece of Rolex of the same caliber as yours, Diamond Banc can assist you in getting a clear and current market value of your piece.

THE CONDITION OF YOUR ROLEX

The current condition of your Rolex will significantly influence its value. Thus, before selling your Rolex, ensure you note down any wear and tear present. Mint condition or “like new” pre-owned watches are those that have never been worn but have remained kept safely. Such pieces will cost more as they are essentially new and have increased their value through aging.

BOX AND PAPERS/WARRANTY

When buyers consider purchasing a pre-owned Rolex watch, retaining the packaging that came with it plays a significant role in its value. It not only assists in verifying the originality of the Rolex but also if it was stored or if it has been worn. This is because, if it was bought and stored, its quality has been preserved.

DECIDE ON A SELLING METHOD

After identifying your prospective buyer, how do you intend to sell your Rolex? It can be in-person or online. In the case of a personal transaction, follow the previous selling steps, and everything will be great. Similarly, the process is similar for online transactions, but there are things to look out for.

How To Sell Your Pre-Owned Rolex Online?

With technological advancements, it’s a smart idea to sell your Rolex online for a faster sale. The process is similar to visiting an office and making the sale in person. However, if you are not careful, you can fall into the hands of scammers. When selling your pre-owned Rolex online, there are some things to look out for to ensure a smooth and safe transaction. Below is a list of things that one should avoid.

CHECK CUSTOMER REVIEWS

Before selling your Rolex online, consider checking the number of positive reviews the prospective buyer has had over the last few years from verified review sources such as Google Reviews or Trustpilot.

Check what customers have said about them to learn and understand any of their potential flaws. In the case of more negative reviews than positives, avoid proceeding with the transaction.

REPEAT CUSTOMERS

Most online businesses have returning customers who leave positive reviews every time they do business. Customer loyalty is one of the determining factors of whether a business is reliable or not. If you find customers’ comments saying they had an excellent experience and would come back or it’s their second time doing business with them, you should consider it.

Why Choose Diamond Banc To Sell Your Rolex?

Diamond Banc is part of a trusted jewelry business that has been in existence since 1896. Based on over 1,100 customers’ Google reviews companywide, the business maintains a five star rating! This indicates that it is a reliable and trusted dealer that you can sell your Rolex watch to. They have numerous physical presences across the United States and an online presence for those who prefer online transactions.

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 materials used, the craftsmanship, and the time taken to manufacture one luxury watch are unparalleled to any regular watch. Luxury watch buyers know precisely what to look for when seeking to purchase such top-end products; the reason being, these watches possess qualities that sync with your personality. Having a valuable watch on your wrist is a mark of one’s prestigious persona and becomes one of the primary reasons for its purchase.

How Can Your Watch Act As An Investment?

A PERFECT WAY TO MAKE MONEY

Buying a luxury watch is an excellent alternative for a high-yielding investment. Suppose you have over ten thousand dollars in savings that you wish to invest. Well, keeping it there won’t double its value, but investing in a luxury watch could cause your capital to grow.. Luxury watch buyers know that selling an in-demand luxury watch is likely to generate a sure-shot profit!

LUXURY WATCHES ARE OFTEN CALLED FLEXIBLE ASSETS

Little do people know, but these high-end watches, which are considered a means of investment, can also function as a portable asset for you. It is quite convenient to sell a luxury watch which means that you can procure hard cash whenever required. Further, a luxury watch will not only provide you a great selling price but can also earn you a profit margin with time. 

OWNING AN EXPENSIVE LUXURY WATCH IS A MARK OF SUCCESS!

Buying an expensive watch could be an enhancing element that adds up to your personality and boosts your confidence and style. Owning such watches is some people’s ambition, and a mark of success, such as a rising surgical resident would look up to a luxury watch as a milestone they’d like to achieve in the future. This acts as an excellent reason to work hard and achieve significant growth.

AN ELEGANT PIECE OF JEWELRY THAT MEN CAN FLAUNT

Going for a client meeting or a corporate event? Simply wear your stylish watch to compliment your whole look! It truly adds up to your personality, garners attention, and works fine as a style statement in itself. Watches for men have always been a flaunting accessory since being one of  few options in jewelry for men, and what’s better than styling yourself with a sophisticated timepiece?

A LEGACY TO PASS ON FROM ONE GENERATION TO ANOTHER

Luxury watches are extremely more durable than standard timepieces, which is one of the top reasons for their high prices. It becomes a part of your legacy that your next generation could continue with good care and condition. Or, you can cherish your family’s old heritage from a luxury watch, possibly owned by your grand ancestors. One can also refer to the historical past associated with these watches if they’re handed over to you, generation by generation.

What does the future of the luxury watch second-hand market look like?

Since luxury watches have a solid and durable lifetime, your timepiece could likely get you a great deal in the second-hand market. The future of such markets relies on several terms; one of them could be the potential worth of the particular luxury watch brand in the coming years. 

Second-hand watches are in demand for those who want the prestigious look, yet without paying full price. The segment of high-end watches with big brand names that possess a high retail price also has a high after-sales price in the luxury watch market.

Defining the various segments of watches and their resale or loan value

CLASSIC AND HIGH-END LUXURY WATCHES

The best part of purchasing a luxury watch, which luxury watch buyers already know, is its resale value. Considered to be convertible assets, the future of the second-hand market for luxury watches looks promising because, unlike any other asset, a luxury watch doesn’t have a depreciable worth. Instead, it makes its value grow in time. 

MEDIUM RANGE LUXURY WATCHES

An affordable, medium-range luxury watch could be a great investment, depending upon its condition, type, and time it has been purchased. A medium-range watch aligns well with the expectations of most people and is convenient to afford compared to high-end luxury watches. This drives up their sales, and in turn, their potential value in the long run.

THE MARKET FOR COUNTERFEIT LUXURY WATCHES

If you are not buying from an authorized seller, it is essential to identify the authenticity of your luxury watch. A counterfeit watch may be sold to you at the same price as an original but will not hold the same value in the market, and will not fetch you anything at the time of resale. It is also essential to note that the exterior of the watch can easily be duplicated but it’s the internal mechanism that will mark the significant difference between a counterfeit and an original. 

ARE BASIC, AFFORDABLE LUXURY WATCHES WORTH IT?

Let’s face the fact- luxury watch buyers know that they’re going to invest a lot in this purchase. But if you’re new to the market, considering a more affordable second-hand luxury watch could be just as lucrative. You’d still be wearing a luxury watch with its elegant integrity.

How About Taking A Loan Against Your Luxury Watch? How Can Diamond Banc Help?

Owning a luxury watch is a great investment; it can get you hard cash in times of need. One can always turn towards Diamond Banc which provides secured and transparent financial abetment against your luxury watch. Taking a loan against an asset is an ideal way to receive liquid money and make the best use of your investment. Diamond Banc provides you a loan quote for your watch that’s in line with its current market value. They issue funds immediately and offer flexible repayment terms. 

Luxury watches are a prominent addition to one’s character, and their post-purchase benefits, not only in terms of attraction but for financial assistance, are significant.

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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