Watches Archives - Diamond Banc Liquify Your Luxury Wed, 03 Jan 2024 21:14:51 +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 Watches Archives - Diamond Banc 32 32 The Most Profitable Way To Sell Your Rolex in Orlando https://www.diamondbanc.com/insider-news/insider-news-sell-my-rolex-in-orlando/ Fri, 21 Oct 2022 07:33:11 +0000 https://www.diamondbanc.com/?p=15015 So you’ve finally decided to sell your Rolex watch either because you need the money or to upgrade to a better […]

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So you’ve finally decided to sell your Rolex watch either because you need the money or to upgrade to a better model — but where do you begin?

Investing in a Rolex is smart; therefore, selling it to the secondary market should be hassle-free, secure, and profitable.

In this short guide, you will learn about determining the worth of your timepiece in the pre-owned market and making sure you find a decent Orlando Rolex buyer who will pay you top dollar.

Is my Rolex in good shape?

Your starting point to finding a decent Orlando Rolex buyer is to acknowledge the current physical condition of your piece and see if you still got the original box and papers that came with your Rolex watch.

Despite the fact that Rolex watches are famed for their toughness and quality craftsmanship, they can bear damage over time like any other luxury good. Scratches, dents, and mechanical malfunctions can compromise their appraisal value; therefore, you should consider these.

Do I still have the box and papers?

The price of a second-hand Rolex watch is higher if it comes with the original box and documentation, consisting of any manuals, warranties, or additional genuine accessories.

Fake Rolexes are widespread in the pre-owned market, so if you have the original buying receipt by any chance, it will definitely speed up the process for your Orlando Rolex buyer during the watch assessment phase.

Diamond Banc will purchase your Rolex watch even if you don’t have the original box and papers. Just remember that if you do, it will significantly boost your offer.

Revealing the model and year of manufacture of your Rolex

To confirm the authenticity of a used Rolex, your Orlando Rolex buyer will want to check the following:

Look for your reference number

When selling your Rolex, you must supply your Rolex buyer with a reference number to correctly identify your timepiece’s exact model.

This number is found between the lugs at the 12′ o clock position (on stainless steel models) or between the lugs at the 6′ o clock position (on Yellow Gold models). 

A four- to six-digit number is inscribed on the Oyster case at the exact area where the bracelet or strap is held firmly.

If you have the original box and papers for your Rolex watch, you can find the model number on the certificate of authenticity.

Look for your unique serial number

Your Orlando Rolex buyer can utilize the serial number on your Rolex watch to define what year your piece was manufactured.

The serial number of your Rolex watch is engraved close to the six o’clock mark. You will be able to see this number when you look into the glass enclosure from above.

Understanding current market realities for your Rolex

Similar to highly-sought after luxury goods, the value of a particular Rolex watch model is primarily driven by factors such as demand and supply in the pre-owned market. 

From the start of the pandemic to 2022, prices of sport models hiked up until the summer, when numbers began plummeting.

One important principle to understand is the difference between retail and market value. It should be noted that the value of the most used Rolexes is independent of their original retail price.

When supply is lower than demand, especially for Rolex models like the GMT-Master II or black dial Daytonas, you can expect to see a pricing advantage that works in your favor.

Rolex watches retain their value over time better than other luxury brands, with specific models appreciating in value over time.

For example, the Rolex GMT-Master II “Batman” with a gorgeous black and blue bezel.

Released in 2018 with a fresh new look and movements, this model debuted at Rolex Authorized Dealers with a price tag of roughly $10,500. 

During Q3 of 2022, the GMT-Master II sold like hotcakes in the pre-owned market for an average of between $24,000 to $30,000, down by 20% compared to March of the same year. Even after the downfall, this watch can still sell for about 88% above the original MSRP!

Check out our Rolex Value Calculator for comparative data on the up-to-date prices in the secondary market to get a genuine picture of what your watch could be worth right now.

Sell my Rolex in Orlando and get the highest payout

Now that you have a ballpark figure of how much your Rolex can go for, it’s time to decide who to sell it to.

Let’s begin with options that won’t get you the highest dollar, quality customer experience, and, more importantly, a safe transaction. 

  • Craigslist: Who wants to meet a stranger with a luxury watch worth thousands?
  • eBay: Many people fall victim to fake PayPal payment confirmations and give away their Rolexes to thieves thinking they got the greatest deal ever.
  • Online auction sites: This can be a prolonged method during which you will not get the professional guidance and expertise of a Rolex watch connoisseur.
  • Pawnshops: Pawnshops do not always make their dealings clear and are often guilty of lowballing and pressuring people to accept offers.

When you sell your Rolex watch, dealing with a trained and trustworthy Orlando Rolex buyer like Diamond Banc is paramount.

Over the years, we’ve established a richly diverse and vast network of Rolex dealers, retailers, and private collectors and never put all of our eggs in one basket.

Through our relationships with these individuals, we can offer you a higher price for your Rolex watch and access to qualified buyers across the nation.

Is Diamond Banc a trustworthy Orlando Rolex Buyer?

We believe in creating a rewarding experience for our customers, providing them with a luxurious and personal atmosphere.

Diamond Banc was founded on values such as trust, transparency, and integrity. We strive for excellence in our daily business practices and explain to customers in a detailed manner how we have arrived at an offer. 

For example, certain malicious pawnshops may intentionally offer an unrealistically high price for your Rolex and then call you back to offer only a tiny fraction of that amount.

At Diamond Banc, we always honor our quotes. Simply put, we hate to bait.

We recommend you search Google with the query “Rolex buyers near me” and then compare quotes on your own.

If you’re looking for the best place to sell Rolex online, you can get started from the comfort of your home by filling out this simple form and describing your item.

If you prefer a one-on-one setting, we welcome you to our Orlando office for a risk-free, no-obligation evaluation with our superbly talented Market Director, Deena Maali —  Call (407) 232-7688 to book an appointment and meet her in person!

Diamond Banc makes the process easy, convenient, and customer-focused so you can feel absolutely confident when you sell your Rolex watch for the best payout in town.

Looking to sell us your jewelry instead? Visit our Orlando Jewelry buyer page here!

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Professional Rolex Buyers in Rochester https://www.diamondbanc.com/insider-news/sell-your-pre-owned-rolex-in-rochester-ny/ Thu, 20 Oct 2022 07:17:19 +0000 https://www.diamondbanc.com/?p=15010 Looking to sell your pre-owned Rolex? Maybe you’re looking to upgrade your watch collection or need some cash for a momentous […]

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Looking to sell your pre-owned Rolex? Maybe you’re looking to upgrade your watch collection or need some cash for a momentous purchase for someone special?

No matter the reason, to get the most out of your Rolex resale experience, you need to consider various factors and steps to ensure a secure and rewarding transaction.

Keep on reading to learn more about unveiling what your timepiece could be worth in the secondary market and finding the best Rochester Rolex buyer.

The condition of your Rolex impacts the value

They say first impressions matter most, therefore it’s important to take into account any physical or mechanical damage your Rolex watch may have. This includes dents, scratches, or complete in need of repair work. A watch’s resale value depends on its condition. Taking care of your watch will get you much more cash in return than it would if it were in a bad shape.

Therefore, make sure you accept your timepiece’s condition before going in for an appraisal online or in person.

Does having the original box & paperwork affect the value of your Rolex?

Yes, because it will add more value to your proposal and buff up your offer. Many Rolex watch collectors look forward to purchasing a pre-owned Rolex with accompanying paperwork, such as the original receipt, manual, and/or warranty card. These documents supply credibility, reinforce your Rolex watch’s authenticity, and let your Rochester Rolex buyer put more money on the table due to the additional factory accessories. 

Diamond Banc will still purchase your pre-owned Rolex if you’re missing the abovementioned — just bear in mind that combining these with your watch can definitely get you more. 

How can I tell if my Rolex watch is authentic?

To ensure the authenticity and origin of your used Rolex, the following key features should be examined thoroughly by your Rochester Rolex buyer:

Does your Rolex have a reference number?

The reference number is one of the few considerable value-enhancing factors of your pre-owned Rolex watch. Used to define your exact Rolex model, which will play its role during valuation. 

You can spot the reference number usually laser-inscribed on the watch case’s side, located between the lugs at 12 o’clock. Once you remove the bracelet or strap, four to six digits can be visible to the eye.

What is the serial number of your Rolex watch?

The serial number of a Rolex is a vital detail to consider as it reveals the year of production of your watch.

For Rolexes manufactured prior to 2005 — it can be found engraved on the case between the lugs at 6 o’clock. 

While after 2008, the serial number was etched on the inner flange. This is the space where you can read tiny text engraved “ROLEX ROLEX ROLEX” that goes all around between the dial and the crystal glass.

How do you determine the value of a pre-owned Rolex watch?

Well, to answer this question, one must understand the following two principles:

  • Law of supply and demand
  • Retail value vs market value

Generally speaking, rare and older pieces tend to dictate higher prices because these Rolex models are much more difficult to find when compared to the number of people wanting them!

The current market value is the amount of money the buyer is willing to spend on your pre-used Rolex regardless of its original retail price and the sentimental value it has to you. 

Concentrating solely on its retail value will set unrealistic expectations and lead you to disappointment. This is why an informed Rochester Rolex buyer will compare your pierce with a recently sold one in similar conditions. 

Some diamond & dress Rolex models have actually decreased in value in the second-hand market due to the low level of desire expressed by potential buyers — Ok, well, maybe for a few exceptions like the Rolex Daytona Rainbow (Ref #116595RBOW) that’s always in-trendy and highly wanted but comes with a hefty price tag.

Other factors influencing market conditions, such as the recent Bitcoin crash, led to many people selling their luxury watches — which as a result, flooded the pre-owned market with desired sport and diving styles Rolexes.

Diamond Banc uses marketing comps to keep everything under the radar with the intention of operating in a client-driven manner. If we see immediate changes that can favor your offer, we believe it’s only fair that the latter should be communicated to you!

Sell your Rolex to an expert & reliable Rochester Rolex buyer

Now that you have a more profound understanding of your Rolex model and second-hand market realities, it’s time to match your Tolex with an honest watch buyer.

There are technically 2 ways to sell your pre-owned Rolex:

  • Personal or in-person
  • Online

If you’re going to sell it yourself, it’s crucial that you do it in a secure and beneficial way, so you don’t end up getting ripped off by some stranger. A close friend or family member is easier because you know those people and trust them from life experience.

However, the same won’t go for meeting a complete stranger from Craigslist or Facebook, for instance, and we wholeheartedly suggest you omit these options in the first place.

Your local pawnbroker can purchase your Rolex, yes. But are they going to be 100% honest about the updated market value of your watch? Not only that, some of these stores don’t hire trained experts and have their best interests as a priority instead of yours.

When searching for “Rolex buyers near me”, do a quick background check on the businesses that show up to figure out how long they’ve been operating and if there’s a way you can read customer testimonials to get a clear picture of the service quality you may get walking in.

Diamond Banc is a transparent Rochester Rolex Buyer who believes customer loyalty is everything. We operate with maximum diligence and honesty in a no-risk, no-obligation, and in a pressureless environment.

If you’re looking for the best place to sell Rolex online, don’t look any further! 

You can kick off the process with this simple form by providing us with details about your watch, and an expert team member will be in touch within 1 or 2 business days with an initial quote. 

After receiving your quote, you may either mail in your Rolex (prepaid and fully insured from pick up to delivery) or visit our Rochester affiliate office at Mann’s Jewelers.

Phone us at (816) 977-2677 to set up an appointment with our experienced and friendly Market Director for an expert watch assessment and an offer that’s worth the visit!

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Leverage The Value of Your Rolex Watch https://www.diamondbanc.com/insider-news/sell-my-rolex-with-the-best-rolex-buyer/ Mon, 17 Oct 2022 07:02:07 +0000 https://www.diamondbanc.com/?p=15006 Facing financial hardship or simply want to upgrade your Rolex to a newer model? There could be various motives behind selling […]

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Facing financial hardship or simply want to upgrade your Rolex to a newer model?

There could be various motives behind selling your Rolex, and Diamond banc believes you deserve to reach the bottom line concerning its genuine price in the constantly evolving second-hand market.

But equally important than that, seek a trustworthy Rolex buyer who can operate with maximum transparency without the smoke and mirrors.

This article will essential key points implicating Rolex selling in the safest and most rewarding way possible, making you feel confident about your decision.

Condition of the watch & original packaging

The foremost logical thing, to begin with, is to scan your Rolex watch’s condition and peek for anything broken, damaged, or missing.

.Even if you’ve worn your timepiece daily through the years, good care and adequate maintenance of your Rolex go a long way at the estimation stage. Is your timepiece free from dents and scratches? If yes, then it is probable to hold its value better as opposed to having visible flaws.

Also, prior to evaluating your timepiece, see if you can locate the original box and documents to fetch a premium. This might include any manuals, warranties, or additional genuine accessories that accompany your luxurious wrist chronograph.

Manufacturer paperwork from Rolex is a great authenticator for your piece, as phony Rolexes are widespread in the second-hand market. Thus, the retail purchase receipt will add weight to your item’s appraisal in the eyes of your Rolex buyer.

Diamond Banc can purchase your Rolex without paperwork but encourages potential sellers to make an effort and find the packaging as it can greatly enrich your offer.

Food for thought: Reconditioning your watch to make it worth more when selling may require a prior visit to an Authorized Rolex Dealer.

If this is something you’ve already accomplished or plan to do — include the relevant repair or restore service paperwork when the time comes for a watch assessment to obtain a more profitable quote.

Rolex Authenticity check

Checking the authenticity of your watch is something your Rolex buyer will want to carry on to confirm and prove that your used Rolex is undoubtedly a real one. Moreover, they will learn more about your specific model by checking the following:

The reference number

Your Rolex buyer needs to identify the exact model of your Rolex watch; this is where the reference number becomes handy.

The model number of your Rolex watch is located between the lugs at the 12′ o clock position. Removing the metal or Oysterflex bracelet can let you pinpoint the 4 to 6-digit number etched on the side.

This number is also listed on the certificate of authenticity issued by Rolex if you still got the original box and papers, by any chance.

Your watch’s unique serial number

The serial number on your Rolex watch can be used to determine what year precisely it was manufactured.

Every Rolex watch has a unique serial number engraved inside glass in the inner part of the bezel at the 6 o’clock stamp.

Your Rolex buyer can uncover the resale price of your timepiece in the second-hand market by checking the above.

Research the current market value of your particular model

Since the pandemic’s beginning and especially over Q1 of 2022, resale prices on the most collectible modern Rolex models have risen sharply. 

And as of summer 2022, perhaps more inevitably, this rollercoaster ride seems to be taking a downfall, to which watch experts view it as ‘market normalization.’

Not only that, but the recent cryptocurrency market crash is boosting demand for hard-to-find Rolex models on the pre-owned market, pushing prices upward.

Rolexes hold their value better than other luxury watches, with specific models even appreciating with time.

To better understand this concept, it’s essential to get the difference between the initial retail price of your particular Rolex watch model and how much a potential Rolex watch buyer in the secondary market is willing to spend on it.

The market value of a pre-owned Rolex is primarily driven by supply & demand. When demand exceeds supply, especially for discontinued models, this is where the pricing advantage works in your favor.

For example, the Rolex Cosmograph Daytona, nicknamed “Panda Rolex,” featuring a white dial and black Cerachrom bezel, launched in 2016 with a retail price of $13,500. 

That same watch today, in pristine condition, can quickly sell for anywhere between 30K to 40K, depending on the item’s condition.

Diamond Banc uses sales data such as marketing comps to determine the value of a used Rolex watch by comparing it to similar models recently sold in the secondary market. 

You can get an estimation of what your watch is worth today by using our Rolex Value Calculator.

Research online to find an honest and reputable Rolex buyer

When selling your used Rolex watch, you want to ensure that it’s done securely, fast, and with the utmost confidentiality. Unfortunately, you won’t have all of these previous 3 qualities plus outstanding customer service if you sell via:

  1. Craigslist: When you own an expensive watch, it is never a good idea to meet a stranger, even if they verbally confirm having $20,000 in cash handy.
  2. eBay: Many people get scammed by fake PayPal payment confirmations and give away their expensive items to thieves.
  3. Online auction sites: This can be a lengthy process during which you will not benefit from the expert guidance of a watch guru.
  4. Pawnshops: They are not the most transparent in their dealings and are often lowballing and pressuring you to accept a ridiculous offer.

You can also Google “Rolex buyers near me” and do your due diligence on local businesses by checking things like customer comments and reviews.

Diamond Banc takes full responsibility for your watch while it is in transit to us. From when your package arrives at our headquarters, we always keep your watch under close observation and HD video recording. 

You can rest assured knowing both your shipment and its contents will be handled with utmost care and vigilance by our team of experts.

Sell my Rolex online or in person with Diamond Banc

When selling your used Rolex watch, you want to make sure that it’s done securely, fast, and with utmost confidence.

Diamond Banc is uniquely positioned to help you sell your pre-owned Rolex watch because we:

  • Have in-house watch experts with hands-on experience & knowledge of Rolex
  • Are A+ rated at the Better Business Bureau [BBB]
  • Hold a diverse and vast network of Rolex dealers, retailers, and private collectors

We are the best place to sell your Rolex online and get the highest payout. All you need to do is follow these 3 easy steps:

1- Complete a form to describe your item and get an initial quote

2- Mail in your Rolex using our fully-insured, free prepaid shipping label

3- Once your Rolex is evaluated, you get paid instantly via wire transfer or check

Diamond Banc is dedicated to operating with transparency, convenience, and integrity. We keep our clients informed every step of the way and practice constant vigilance to make sure your watch is protected during the entire transit.

If you prefer to visit us in person, some of our national branches include:

Whether selling your Rolex Day-Date or Sea-Dweller, we believe you deserve fair and honest market values and a tailored customer experience that meets your needs.

Diamond Banc is the best place to sell rolex online & a leader in the United States when it comes to offering flexible liquidity options for your used Rolex watch. Contact us today for a no-risk, no-obligation quote.

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Kansas City Rolex Buyer: How To Sell My Rolex https://www.diamondbanc.com/insider-news/sell-my-rolex-in-kansas-city/ Fri, 14 Oct 2022 06:53:01 +0000 https://www.diamondbanc.com/?p=15001 Like great-tasting BBQ, Rolex watches are justifiably coveted in Kansas City, Missouri. If you’re reluctant about selling your used Rolex since […]

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Like great-tasting BBQ, Rolex watches are justifiably coveted in Kansas City, Missouri.

If you’re reluctant about selling your used Rolex since you’re not sure how much you can get for it — don’t fret!

Many key details can determine the value of your Rolex watch. Before selling yourself short or getting disappointed because you expected a higher payout — we believe it’s crucial to learn more about the Rolex pre-owned market.

Here are a few helpful tips to get you started on your search for an upright Kansas City Rolex buyer who will consider every value-adding factor to pay you top dollar for your watch.

How important is the condition of my watch?

Though a pre-owned Rolex will not be worth as much as a brand-new one, it might be possible to get a reasonable price if the watch has been well maintained.

The condition of a watch can affect its resale value. If you have properly maintained your watch, it may sell for more than it would if it were in poor condition.

The importance of acknowledging any visually evident damages, such as scratches, dents, or mechanical failure, goes a long way in assessing your Rolex watch.

Does it matter if I still have the original box & papers?

Yes, your Rolex box and accompanying accessories will help. 

The authenticity of a Rolex watch is often supported by accompanying paperwork, such as the original receipt, box, warranty card/papers, and provenance. 

These documents provide credibility to the watch’s value and allow your Kansas City Rolex buyer to pay a premium for models with accompanying paperwork. 

Moreover, the number of rare watches with this supporting documentation is exponentially less and, therefore, more wanted. 

How to verify if my Rolex watch is an authentic one?

When purchasing a used Rolex, a knowledgeable Rolex buyer will thoroughly examine the watch to ensure its authenticity and provenance. Among these key features are:

The reference number

The reference number is a critical detail for identifying your watch. Also referred to as the model number, it is engraved between the lugs on the 12 o’clock mark of your timepiece, where the bracelet meets the Oyster case.

The serial number

The serial number of your Rolex watch can be used to determine its exact date of manufacture. This number can be located on your Rolex when examining the dial from an angle near the 6′ o’clock position.

The serial number and reference number are vital in determining the exact year it was made and the type of model to compare it with similar models in the secondary market.

Research the current market value of your particular model

The most accurate way to determine the value of your Rolex watch is by looking at its market value. 

The amount you receive for timepiece will entirely be determined by its market value based on supply and demand. 

Focusing only on its retail value will set an unrealistic expectation and lead to disappointment.

The coronavirus outbreak in 2020 led to production cutdowns by Rolex, which as a result, boosted the price for specific Rolex models in the pre-owned market, notably for sport styles.

What determines the worth of your Rolex model is a direct reflection of desirability from potential buyers. Vintage Rolex models can increase in value over time, as the supply of such models is typically less than the demand for them.

On the other hand, diamond-set Rolexes, even though the materials used to build this type of watch are second to none, aren’t as much wanted as sports.

Generally, steel and two-tone Rolexes retain their value well and appreciate over time. Solid gold models tend to hold less value, while white gold models depreciate more rapidly than the brand’s signature Oystersteel material.

The 2022 cryptocurrency market crash has led to a glut of luxury watches on the secondary market, notably depressing the price of hard-to-find Rolex models. 

Here at Diamond Banc, we keep a pulse on the market with maximum awareness concerning any developments or trends that need special attention. We use comparative data and flip the computer screen to show you how much similar models can go for today.

Finding the right Kansas City Rolex buyer

Finally, selling a high-priced item must involve trust, virtue, and clarity from start to finish.

For this reason, we encourage you to choose judiciously.

There’s no worst feeling in the world than falling into the trap of a dishonest pawnbroker who will bait customers to accept an offer the same day, weighing in the urgency element of human psychology. 

Visit Diamond Banc if you want a no-risk, no-pressure, and no-obligation approach to selling. We’ve got industry pros on staff and a reputation across the country as the fairest and most transparent Kansas City Rolex Buyer.

Feel free to do your own research online for “Rolex buyers near me” and compare offers with what we are proposing. 

Diamond Banc always honors quotes because we believe you deserve a fair price for your Rolex, no matter who you are and your motivation for selling.

We are the best place to sell Rolex online; thus, if you want to get started from the comfort of your home, fill out this simple form to describe your timepiece and receive an initial quote.

Call (816) 977-2677 to set up an appointment with Sicily Von Overfelt, our Market Director with exceptional knowledge of fine jewelry and luxury watch brands, notably Rolex.

Diamond Banc welcomes you to our Kansas City office in the heart of the Country Club Plaza for an expert assessment of your Rolex watch and access to fast cash in a secure, discreet & transparent fashion.

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Atlanta’s Best Watch Buyer – Rolex Buyers Near You https://www.diamondbanc.com/insider-news/atlanta-ga-best-rolex-buyer/ Mon, 10 Oct 2022 06:13:48 +0000 https://www.diamondbanc.com/?p=14989 So you’ve decided to say farewell and sell your pre-owned Rolex, but do you have a clear roadmap to support your […]

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So you’ve decided to say farewell and sell your pre-owned Rolex, but do you have a clear roadmap to support your efforts?

The value of many Rolex models can rise depending on rarity and demand in the secondary market, which is why we believe you deserve to uncover how much yours can go for. 

Read some of our tips below to develop good reflexes about finding out how much your can expect for your watch and what type of watch buyers in Atlanta can pay you better for your Rolex.

Rolex condition + watch & original papers

The first step you want to take prior to seek for the best amid Rolex buyers in Atlanta is investigating the actual condition of your timepiece from top to bottom.

The Rolex brand is famous for make exceptional quality watches in the world but similar to any other luxury goods it may be subjected to damage due to wear and tear. 

Any kind of flaws, from scratches to dents to the complete failure of a mechanical function, can greatly affect your offer on a Rolex.

The presence of an original box, warranty card/papers, and provenance can greatly increase the value of a Rolex watch, especially if you own a very rare or old model.

Therefore condition and original documents empower the authenticity of your Rolex make a strong first impression, allowing potential Rolex buyers in Atlanta to pay you premium for good maintenance and accompanying accessoires.

Sell my Rolex: Verifying exact model & year of making  

A knowledgeable buyer won’t skip this step. It’s crucial to prove watch authenticity and production origin of your pre-owned Rolex. Here are some of the details you can examine yourself beforehand:

Fetching the reference number

The reference number will proclaim what is the precise model of your particular Rolex timepiece. 

The model number of your Rolex can be seen at the 12 o’clock mark in the middle of the lugs. A numeral scripture of typically 4 to 6 digits long is etched onto the top side of the case.

Alternatively, f you still have the original box and papers with the watch, check the certificate of authenticity administered by Rolex coupled with the remaining original documents.

Fetching your unique serial number

The serial number on your Rolex watch reveals the exact date of fabrication. 

On Rolex watches produced prior to 2005, it can be located etched on the case between the lugs at 6 o’clock. For models manufactured after 2008, the serial number is etched on the inner flange. This text is engraved along the rim between the dial and the crystal glass.

Both model and year of your Rolex will be useful to interested watch buyers in Atlanta in assessing what your Rolex is worth in the second-hand market.

What’s my specific Rolex watch model worth in the market today?

To sell your pre-owned Rolex the smartest way possible is to understand market realities and what factors influence the pricing aspect of your watch.

Factors such as supply and demand determine the current value of a used Rolex. Focusing only on the retail value can lead you to a dead end, hence the importance of understanding how much your watch originally retailed for versus how much a potential buyer is ready to you today for that particular model.

In a nutshell, the harder a Rolex model is harder to find and the more wanted that model is by potential buyers — the more you can expect from a financial gain standpoint.

Having all original Rolex parts on your timepiece, for example, plays a significant role during the appraisal stage. 

If you had a part replaced due to repair or restoration with aftermarket parts, it’s important to be honest about it because many watch buyers in Atlanta will only pay top dollar if all the authentic parts that come from Rolex in Switzerland.

Other factors such as market trends and unpredictable events like the latest Bitcoin crash with let many Rolex owners to flood the secondary market with highly sought-after models such as the Oyster Perpetual with a pink candy colored dial or the Daytona “Panda” with black dial — just to name these two!

Find an honest business among Rolex buyers in Atlanta

Now that you’ve got more data about your watch, it’s time to find a buyer who going to pay you what’s right for your Rolex.

When typing queries on your search engine, such as “Rolex buyers near me,” make sure you do your homework on whatever business that pops up on the results page. 

This includes checking if they’ve got a website or 3rd party sites like Facebook, Google Reviews, or Yellowpages where you can read testimonials from actual customers.

DB Organization of Atlanta is uniquely positioned to help you sell your Rolex watch because we:

  • Have in-house watch connoisseurs with a hands-on familiarity with Rolexes
  • Are rated A+ at the Better Business Bureau [BBB] to embrace integrity in all operations
  • Have a diverse and extensive network of Rolex dealers, retailers, and private collectors

DB Organization of Atlanta is committed to operating in an honest and forthright manner. We’re always accessible and happy to answer any questions you may have about your watch’s journey from our vault and back to your door if you decide not to sell.

Trust expert watch buyers in Atlanta like DB

We believe the selling process should be a rewarding and stress-free experience for both the seller and the buyer.

Here are a couple of reasons why you can trust DB Organization of Atlanta:

  • A company with a legacy that spans over 125 years
  • Certified professional staff with extensive experience
  • No-risk, no-obligation policy
  • Your item always insured while in transit & in our possession
  • Our offers are driven by data from updated & predictable market trends
  • We keep our customers notified throughout the entire process
  • Simply the best place to sell your Rolex online

We are dedicated to operating with transparency, convenience, and integrity. Our expert assessors take time to explain how we arrived at our offers and honor them without putting any ridiculous pressure as shady pawnshops would often do. 

DB Organization of Atlanta is one of the most reliable watch buyers in Atlanta and the best place to sell Rolex online.

If you’re holding onto a gorgeous Rolex piece yourself and would like to find out how much we can give you for it — Bring it to our Atlanta office for an expert evaluation.

Come experience a totally different way to sell your pre-owned Rolex watch with the help of our professional and friendly staff in a private location where we get to listen first, and explain how we have arrived at our offer.

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The Best Rolex Watch Buyers in Nashville, TN https://www.diamondbanc.com/insider-news/sell-rolex-nashville-style-with-these-5-tips/ Mon, 03 Oct 2022 05:35:17 +0000 https://www.diamondbanc.com/?p=14967 Selling a used Rolex watch can be profitable, but only if you can determine its actual worth in the second-hand market […]

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Selling a used Rolex watch can be profitable, but only if you can determine its actual worth in the second-hand market and trust the right Nashville Rolex buyer.

In spite of everything that’s going on right now with gas prices and inflation overall — you deserve a fair and honest appraisal instead of getting lowballed or simply taken advantage of by some deceptive individual.

 Read on to find out how you can sell your used Rolex in Nashville, and do it in a way that’s beneficial to you but also safe & sound.

Sell my Rolex Tip #1: Condition check

When attempting to sell a used Rolex, evaluate its current condition and note any visible damages like dents or scratches on the watch case or bracelet.

Before presenting your offer, you should acknowledge that your Nashville Rolex buyer will carefully consider these factors by examining them closely.

Sell my Rolex Tip #2: Watch box and documents

Your Rolex will pack more punch in the assessment stage if you present it with the original watch box and papers.

In the pre-owned market, fake Rolexes abound. With an original receipt, the assessment of your Rolex will be accelerated, eliminating the possible doubt a buyer may have.

Diamond Banc will buy your Rolex watch regardless of whether the original box and papers are available, but having them handy can significantly sweeten your offer.

Sell my Rolex Tip #3: Reveal the model and manufacturing date

An authenticity check is essential for your Nashville Rolex buyer so that they can know exactly your model and the year of production.

Locate the reference number

The reference number will disclose information about the exact Rolex watch model you own.

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

If you remove the metal bracelet or strap of your watch, check the area where it connects to the case. There should be 4 to 6-digits laser-printed.

To simplify the process, the certificate of authenticity will contain the same reference number if you still hold onto the original box and Rolex documents.

Locate your unique serial number

Your Nashville Rolex buyer will probably want to use the serial number of your timepiece to figure out exactly when it was made.

Your Rolex watch serial number is located beneath the six o’clock mark and can be noticed directly by looking into the crystal glass.

Sell my Rolex tip #4: Understanding the pre-owned market

The market for pre-owned Rolex watches is driven by the interplay of factors such as supply and demand.

When the pandemic broke out in 2020, it led to a rise in the prices of sport models. Prices continued to climb until 2022 when the numbers began descending back to ‘normal levels’ or as suggested by watch whizzes.

The retail price of a Rolex watch is not necessarily indicative of the watch’s market value. If a given Rolex model happens to be discontinued or in short supply, the watch may sell for more than its original retail price.

When demand for a product exceeds the available supply, as is often the case with Rolex watches, prices tend to grow exponentially in the secondary market.

For example, the stunning Rolex Oyster Perpetual with a turquoise dial (Ref #126000).

Nicknamed the Rolex Tiffany, this model today is worth far more than its retail price of $5,800 back in 2007.

In Q3 of 2022, a pre-owned light blue-dialed Rolex Oyster Perpetual could easily sell for approximately $20,000 — down by 25% compared to spring of the same year. This means about 200% above its original MSRP, which is insane!

Curious about how much yours is worth in the secondary market? Use our Rolex Value Calculator to find out for yourself.

Sell my Rolex tip #5: Finding a trustworthy buyer

Once you have a general idea of the price your Rolex will sell for, it’s time to look for your ideal Nashville Rolex buyer

The first question you should ask yourself is whether you want to sell to an individual or seek the help of an established business.

Let’s look at a few options that will not result in exceptional customer experience, give you the highest possible return, or provide a secure trade.

  • Craigslist: Never agree to meet someone you don’t know in a private place, especially with an expansive watch.
  • eBay: Even if you find a buyer who will pay the price you want, shipping is costly and not fully insured during transit. 
  • Online auction sites: Online auctioneers won’t pay the best price for your watch even if the highest bidder takes it. Also, the process takes time.
  • Pawnshops: There are quite a few malicious pawnshops whose tactics rely on lowballing you or being extra pushy to make you accept an offer with a ticking time clock.

If you are selling a used Rolex and want to deal with industry professionals who have your best interest at heart, come to Diamond Banc. We put trust, transparency, and integrity at the center of everything we do.

Since our foundation, we’ve built a solid network of Rolex dealers, jewelry and watch retailers, and private collectors ready to pay top dollar for your watch.

If you’re searching “Rolex buyers near me” on Google, make sure you do your homework to check the credibility, customer service quality, and overall experience of real customers who dealt with the business you picked from search results.

With Diamond Banc, you can sell your Rolex online in 3 easy steps by describing your item with this simple form.

On the other hand, you are welcome to visit our office in person for an expert evaluation of your Rolex watch with the help of our customer-friendly Market Director, Noel Wickline.

Call (615) 695-7675 to book an appointment and bring us your Rolex watch for a thorough evaluation.

Diamond Banc is the best Nashville Rolex buyer with unmatched convenience, ease, and confidentiality so that you can sell your watch with utmost confidence.

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How To Sell Your Rolex Watch Confidently & Profitably in Boca Raton, FL https://www.diamondbanc.com/insider-news/sell-my-rolex-boca-raton/ Thu, 29 Sep 2022 11:39:41 +0000 https://www.diamondbanc.com/?p=14956 If you’re thinking about selling your Rolex, you might wonder where to begin. Many fine watch collectors have older watches that […]

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If you’re thinking about selling your Rolex, you might wonder where to begin.

Many fine watch collectors have older watches that they no longer wear. If this is your case, we can help you turn them into funds for a new Rolex watch model upgrade, a family vacation, or some extra cash flow.

Here are a few giveaway tips to help you learn more about the value of your piece in the current pre-owned market and make sure you deal with a reliable, reasonable-paying Boca Raton Rolex buyer.

Condition of the watch & original packaging

The first thing to do before looking for a steadfast Boca Raton Rolex buyer is to scrutinize the current physical condition of your timepiece inside and out.

Even though Rolex watches are known for their durability and longevity qualities, like any other luxury watch or jewelry, they can become vulnerable to damage due to wear. 

Anything from scratches, dents, or complete mechanical non-function can drastically bring down your offer — so it is critical to acknowledge such flaws when appraising a Rolex.

Suppose you’ve replaced your original Oystertell bracelet due to damage with a replacement part from the aftermarket, for instance. In that case, that too can bring down your offer because a serious Boca Raton Rolex buyer will prefer an original factory-made Rolex timepiece vs. one containing non-authentic parts.

Having the original receipt, box, warranty card/papers, and provenance can hugely impact and increase the value of a Rolex watch, especially for discontinued, vintage, and sport Rolex styles. 

These documents lend credibility to the authenticity of a watch and allow a potential Boca Raton Rolex buyer to pay more for models with accompanying paperwork. 

Moreover, the number of rare watches with this supporting documentation is exponentially less and, therefore, more desirable.

Sell my Rolex watch: Authenticity check 

An educated Rolex buyer will want to ensure the authenticity and provenance of your used Rolex by inspecting it thoroughly. This includes examining the following key features:

The reference number

The reference number will help reveal the exact model of your Rolex watch. 

The model number of your Rolex watch can be found between the lugs at the 12 o’clock position. The number is typically four to six digits long and etched onto the watch case’s side.

If you still have the original box and papers, the serial number is also printed on the certificate of authenticity issued by Rolex.

The serial number

Right below the six o’clock hour mark, you can spot the unique serial number of your Rolex watch.

The serial number on a Rolex watch provides information about when it was manufactured. The model and year of your Rolex watch can help your Boca Raton Rolex buyer assess its resale value in the secondary market.

What’s my specific Rolex watch model worth in the market today?

If you want to sell your Rolex watch, it is best to consider its value in terms of what the market dictates your exact model is worth rather than retail value.

Rolex watch model worth

The sole driving force that decides the current value of your Rolex watch is factors such as supply and demand. Focusing only on the retail value will likely set a false expectation that will lead you to a disappointing outcome.

The more rare a Rolex model is, the higher it typically sells for. 

Certain discontinued color combinations are tough to find on the pre-owned market, such as the blue and blue bezel GMT Master-II Rolex nicknamed “Pepsi” or the green “Kermit” Submariner.

Do your homework to find a reputable and honest Rolex buyer

Now that you have more information about your timepiece, it’s time to match it with the perfect Boca Raton Rolex buyer.

When typing queries on your search engine, such as “Rolex buyers near me,” make sure you do your homework on whatever business that pops up on the results page. 

This includes checking if they’ve got a website or 3rd party sites like Facebook, Google Reviews, or Yellowpages where you can read testimonials from actual customers.

Diamond Banc is uniquely positioned to help you sell your Rolex watch because we:

  • Have in-house watch connoisseurs with a hands-on familiarity with Rolexes
  • Are rated A+ at the Better Business Bureau [BBB] to embrace integrity in all operations
  • Have a diverse and extensive network of Rolex dealers, retailers, and private collectors

Diamond Banc is committed to operating in an honest and forthright manner. We’re always accessible and happy to answer any questions you may have about your watch’s journey from our vault and back to your door if you decide not to sell.

Trust Industry Experts like Diamond Banc

We believe the selling process should be a rewarding and stress-free experience for both the seller and the buyer.

Here are a couple of reasons why you can trust Diamond Banc:

  • A company with a legacy that spans over 125 years
  • Certified professional staff with extensive experience
  • No-risk, no-obligation policy
  • Your item always insured while in transit & in our possession
  • Our offers are driven by data from updated & predictable market trends
  • We keep our customers notified throughout the entire process
  • Simply the best place to sell your Rolex online

We are dedicated to operating with transparency, convenience, and integrity. Our expert assesors take time to explain how we arrived at our offers and honor them without putting any ridiculous pressure as shady pawnshops would often do. 

Diamond Banc is simply the best place to sell your Rolex online or in-person at our Boca Raton office situated a few blocks from The Boca Raton Golf Club.

Our Market Director, Kathleen Trocine, has more than 20 years of experience in the jewelry industry and can help you get a clear picture of what your Rolex is currently worth in the pre-owned market.

Our goal is to provide outstanding customer service and the highest possible payout in the Sunshine State so you can feel confident in your decision-making. 

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The Best Way to Pawn a Rolex Is to Avoid the Pawn Shop https://www.diamondbanc.com/insider-news/pawn-a-rolex/ https://www.diamondbanc.com/insider-news/pawn-a-rolex/#comments Mon, 26 Sep 2022 17:00:28 +0000 https://www.diamondbanc.com/insider-news/?p=4426 Diamond Banc offers The HIGHEST ROLEX LOAN VALUES IN THE NATION, reflecting current market values, in a pro-borrower lending structure that […]

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Diamond Banc offers The HIGHEST ROLEX LOAN VALUES IN THE NATION, reflecting current market values, in a pro-borrower lending structure that ensures you are able to repay your loan and retrieve your Rolex. In contrast, the typical pawn shop, Diamond Banc, wants to loan you the most money possible against your Rolex watch and truly works with you to make sure it is returned to you.

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.

six rolex watches

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.

Diamond Banc loaned $6,000 for this Rolex Submariner.

Start My Rolex Loan

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.

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What Is My Rolex Worth in 2022? https://www.diamondbanc.com/insider-news/what-is-my-rolex-worth-in-2022/ Tue, 19 Jul 2022 11:54:05 +0000 https://www.diamondbanc.com/?p=14494 Since 2020, purchasing a Rolex has become increasingly difficult due to the skyrocketing demand surrounding the brand. As demand intensified, prices […]

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Since 2020, purchasing a Rolex has become increasingly difficult due to the skyrocketing demand surrounding the brand. As demand intensified, prices for these luxury timepieces also increased. Consequently, returns for selling a Rolex also reached new heights over the past two years. However, beginning in April 2022, prices for Rolex watches have begun to fall.  

Presently, the Rolex market has become increasingly volatile. Enterprising Rolex owners looking to sell their pre-owned Submariner, Datejust, Daytona, or GMT model watches are left with one key question: What is my Rolex worth in 2022?

Steel Rolex

Rolex values have fluctuated greatly over the past few years, making it more complicated to assess the value of your RolexThe velocity of current demand can cause confusion when it comes to estimating a Rolex’s value. Here are some of the key considerations to keep in mind when evaluating what your Rolex is worth:  

  • Rarity
  • The Watch Model and Reference Number
  • The Age of the Rolex
  • The Condition of Your Watch

·  The Presence of an Original Box, Packaging, and Warranty 

 The Rolex market is complex. As a result, your Rolex value can depend on several factors. As we have observed over the past two years, market fluctuations can have a profound impact on the value of a Rolex. Without the opinion of a trained expert, it can be impossible to assess the true value of each timepiece. Trained experts are aware of market shifts and changes in demand. These individuals can also provide personal assessments of the nuanced factors influencing Rolex value, such as the condition of the timepiece.  Therefore, these experts can provide a clear and up-to-date analysis of your watch’s value. Many Rolex buyers, such as Diamond Banc, can provide free assessments of your watches’ value on the secondary market. Therefore, visiting your local watch reseller can be a great place to start if you’re looking to get an idea of what your Rolex could sell for.

Online Calculators

 

If you are short on time, however, using an online calculator can also be a way to get a cursory idea of what your Rolex is worth. Many Rolex calculators use data from current market trends to estimate the value of a watch on the secondary market. Because this data is based on historical prices of Rolex watches, and not current and predicted market trends, it may not be as up-to-date or accurate as an expert opinion. Nevertheless, online calculators can offer a quick-and-dirty overview of what a Rolex buyer may be able to offer for your watch.

 Although these online Rolex value calculators may not be able to take every single factor into account when evaluating a Rolex watch’s value, they can help to provide a quick frame of reference to direct you to your watch’s value. Check out Diamond Banc’s calculator for an estimate of what a Rolex buyer can pay for your watch.

What Is My Rolex Worth?navigate_next

There are also a few, general considerations when evaluating the amount a watch buyer can pay when purchasing your timepiece. These variables can have the most direct effect on the value of your watch.

 1. Rarity 

Black and blue Batman GMT II
Some particular Rolex color combinations, such as the Batman, are worth more than others on the secondary market

Supply and demand tend to play a major role in determining the value of any good in the economy. This is particularly true with Rolex watches. The rarer a Rolex is, the more a buyer can typically pay for the model. Certain discontinued color combinations are particularly difficult to find on the Rolex secondary market, such as the Blue and Black Rolex “Batman” GMT Master II, or the green “Hulk” Submariner. As a result, the values for the Rolex watches tend to be higher compared to otherwise comparable models.   Similarly, many of the highest-yielding Rolex watches in history have been extremely rare. The world’s most expensive Rolex sold at $1,220,632 in 2014, due to the rarity of the vintage piece.  A watch’s previous ownership can also have a direct effect on its rarity, thereby increasing its overall value. For example, Paul Newman’s Rolex Daytona sold for $5.5 million in 2020, far more than a typical Daytona of the same model and reference number would sell for on the secondary market.

2. The Watch Model and Reference Number

 

The scarcity of a Rolex model or reference number can also have a direct impact on its value. The more rare, or more in-demand, a Rolex model, the more it will be able to elicit on the secondary market. A Rolex buyer can typically pay more for a watch that is likely to sell. When demand for a watch is high, or supply is low, Rolex models are more likely to sell quickly. As a result, Rolex buyers can typically pay higher values for certain rare, or in-demand, models. This means that some models may be worth significantly more than others. Rolex steel sports models have become particularly popular, and hard to acquire due to recent shortages in supply. Consequently, individuals selling their Rolex Submariners, GMTs, Daytonas, or Explorers. Certain dress models such as the Datejust are similarly hard to acquire for Rolex buyers, as a result, they may be able to provide higher values for these particular models.

 3. The Age of the Rolex

 

Steel Rolex Explorer Sports Model

A watch’s age can also have a direct effect on what a buyer can pay for a Rolex. Although older watches are typically worth less than a newer Rolex, some models appreciate in value over time. A particularly well-cared-for vintage model may be worth more on the secondary market. Both the rarity and Rolex’s model and reference number can interact with the age of a Rolex, so the first two points on this list are particularly significant for anyone looking to sell an older Rolex. 

Rolesor Gold and Steel Fluted Bezel Rolex Datejust

4. The Condition of Your Watch 

 

The state of your Rolex tends to have a strong direct effect on a timepiece’s value on the secondary market. A Rolex buyer can typically pay more for a timepiece in pristine condition than what they could pay for a Rolex in a worse state. Consequently, condition plays an important role in determining what your Rolex is worth.

 “Condition” may refer to several characteristics, such as the tension of a jubilee band, scratches on the face of a Rolex, and the presence of any physical damage to the watch or its mechanism. A buyer will typically need to invest more to repair a damaged or poorly maintained timepiece to restore the watch to its fullest potential. Therefore, it is always a good idea to invest in the maintenance of your luxury watch throughout its lifetime, boosting your watch’s long-term value and protecting your investment in the piece.

5. The Presence of an Original Box, Packaging, and Warranty Card

 

Rolex Black Submariner with Box and Paperwork

Unfortunately, as the value of Rolex has increased, the number of counterfeits on the market has also gone up. Counterfeit Rolex watches on the market outnumber any other dupe. As a result, Rolex buyers can pay a premium value for watches that are proven to be authentic. By selling a Rolex with its original box, receipt, warranty/guarantee card and manual, you provide additional confirmation that your Rolex is authentic. Consequently, a buyer can pay more for a Rolex with its original packaging.

 Time and market trends are also important factors to consider when selling a Rolex. In an ideal situation, sellers can aim to sell their watch when demand is high and supply is low since your Rolex will be worth more during these periods. However, recent fluctuations have proven that the Rolex market is highly vulnerable to economic and market considerations. Set up an appointment with a local Diamond Banc Market Director or complete our easy online form to get an idea of what your watch is worth or to start the process of selling your Rolex.

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Things You Need To Know Before Selling Your Pre-Owned Rolex. https://www.diamondbanc.com/insider-news/things-you-need-to-know-before-selling-your-pre-owned-rolex/ Sat, 19 Mar 2022 17:00:44 +0000 https://www.diamondbanc.com/?p=14028 There is plenty of prestige and class that is acquired by a person who is wearing a Rolex watch. It doesn’t […]

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There is plenty of prestige and class that is acquired by a person who is wearing a Rolex watch. It doesn’t matter if that Rolex watch has been pre-owned. People recognize the Rolex name and attribute high status to the person wearing it. If you want people to notice you and the watch on your wrist, then you know that feeling when wearing a Rolex. There is a unique esteem that comes with it that is difficult to describe, but you know that it exists.

WHY DO PEOPLE SELL ROLEX WATCHES?

 
Gold and Silver Expensive Watch

There comes a point in time when you may consider selling your pre-owned Rolex. You might start to look for Rolex buyers near me or seek other methods of pawning your Rolex. Perhaps you need to raise some immediate capital, and selling your Rolex is the quickest way. Alternatively,  you may just desire to upgrade to a different model. Regardless of your motive, the fact remains that you need a way to sell your Rolex that is quick and easy.

In order to get the most when you search for Rolex buyers near me, make sure you know why you are selling your Rolex in the first place. You need to have an honest conversation with yourself to ensure that you are selling your Rolex for the right reasons. It’s best not to show up at the shop ready to sell only to find yourself backing out of the deal. You need to be fully committed to your mission of selling your precious Rolex if that is what you decide to do.

HOW TO GET THE MOST OUT OF A ROLEX TRANSACTION

 
There are many key factors that go into determining your payout for your Rolex watch. Do not undercut yourself by being unaware of its value, but also don’t stroll in thinking that you will make more money than it’s worth. Be educated and you will more likely receive a fair transaction.

Let’s look at some of the basics of what details determine the value of your Rolex watch.

LOCATE THE REFERENCE NUMBER

The reference number of your watch is a critical detail. Locate the reference number which is engraved between the lugs on the 12 o’clock side where the bracelet meets the watch case. Your reference number is unique to your watch.

Hopefully, you have also retained the original paperwork that it came with. This will allow you to establish the model that you have in your possession. Avoid under-valuing your timepiece by not being aware of its worth. This could cost you a significant amount of money.

MARKET VALUE VS. RETAIL VALUE

You may misunderstand what the true value of your Rolex watch is when discovering the retail value. This differs greatly from the market value, which is what you will actually receive when you sell your watch. Realize, the establishment where you sell your Rolex needs to make a profit from reselling your watch. Thus, they will purchase it at a much lower price than its true worth.

The best way to think about the value of your Rolex watch is in terms of its market value. The money that you receive for your Rolex watch is entirely dependent upon the market value – based on supply and demand. Focusing only on the retail value will likely set a false expectation that you will lead to disappointment.

WATCH CONDITION

A pre-owned Rolex will not be worth as much as a brand-new Rolex no matter how well it has been treated. That said, there is some reasonable hope that one might get a decent price for their pre-owned Rolex as long as they have taken good care of it.

Rolex-Condition

The condition of one’s watch is incredibly important when trying to determine what it might sell for. Have you properly maintained your watch at all times? Have you polished it, cleaned it, and taken it in for maintenance as necessary? If so, then you are likely to get a better price for it than you otherwise would have. The market rewards those who have gone through the trouble of keeping their possessions looking mint. 

FINDING THE RIGHT BUYER

We can never overlook the fact that finding the best buyer for your Rolex watch may be just as important as anything else. There are some buyers that you will want to work with every time, and there are others that you know you should stay away from at all costs. Determining which ones to work with is a matter for you to think about very carefully. You don’t want to hop into a deal with someone who is going to undercut you every time.

Another consideration to make is if there are Rolex buyers near me. Are you really going to travel all the way across town or even across the state to meet up with someone who may be interested in your Rolex watch? Perhaps you should take a chance like that, but not everyone will. Thus, it is reasonable to ask yourself about what you are truly willing to do to get your Rolex watch sold. You shouldn’t be made to feel bad if all that you can do right now is the bare minimum. There is a lot going on in everyone’s lives these days, and it is nice to know that you still deserve to get a fair price for your Rolex no matter what.

SHOULD YOU SELL ONLINE?

 
This is a tricky question for many owners of pre-owned Rolex watches. Choosing to sell online may mean getting a better price or at least being able to sell the watch faster, but it also increases your chances of being taken for a ride. Internet buyers are looking to negotiate on prices regardless of the value. However, there is always a bountiful supply of buyers on the Internet, and this is appealing to some people. They know that they can liquidate their watch rather quickly online, and that is all that certain people care about.

When considering whether you should sell online or not, also keep in mind that you will have to apply extra work in terms of photographing and marketing your Rolex watch. You need to place your best foot forward as far as all of that is concerned, and you may or may not get the results that you had hoped for. If you are not able to turn your watch into a price that you can be happy with, then you can always pull the listing and decide to sell it in the real world after all.

You are going to be faced with many options and many choices when it comes to your Rolex watch. Some of those choices will probably be in your favor, and others will not. You must decide how to balance it all out and how to get the deals that you need right when you need them. If you can hold out for a better price, then you should probably do so. However, if you need to get your jewelry sold out from under you right this moment, then you should also consider this to be something that you simply have to do at this time. Just make sure you are at peace with any given decision that you make in this arena.

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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