You've seen them everywhere, pawnshops that will buy anything from jewellery to lawn mowers. You might be in need of some cash fast and have a drawer full of jewellery you hardly get to wear. Maybe you are not sure about selling because some of this jewellery has some sentimental value. So instead of selling it, why not use it as collateral to get a loan from a pawn shop, that is after all what pawnshops do.
Condition, design and purity are important aspects to look at when valuing jewellery. When it comes to gold or platinum, the broker will have to consider the current price of these precious metals. If your jewellery has diamonds, pearls or other gemstones, the broker needs to consider their rarity and condition. Pawnbrokers especially love well-known jewellery brands because these are easy to sell. The brand name should also come into consideration but some brokers tend to downplay the significance of the brand. In order to make sure that you are getting the best deal, especially for luxury branded jewellery take it to an independent evaluator and have him or her explain the rationale behind the value he is assigning. When you do this you will have a realistic base price and know when you are being lowballed.
Let's look at some of the favourite jewellery brands on the market:
Graff Diamond Jewellery
Laurence Graff has been creating unique and luxurious jewellery pieces with gemstones since 1960. He was called the King of Diamonds in London. The house of Graff has prevailed over the years. In 2016, the Graff Venus a flawlessly cut 118.78 carat heart shaped diamond was created.
Graff jewellery made history in 2009 when a ring that incorporated a vivid pink 5.00 carat diamond flanked by smaller diamonds and set in 18 carat rose gold was sold by Christies for $10 million.
There aren't a lot of Graff diamond jewellery pieces around so, if you have one to pawn you want to make sure it is with the right broker who knows and understands the value of the jewellery.
Harry Winston has been making fine diamond jewellery since 1934. He is renowned for buying unfashionable and old jewellery and resetting it to create trendy pieces. In 1949 Winston purchased the legendary Hope Diamond. His reputation still lives on and his company still produces fine jewellery. The Hope Diamond cost $1 million and was the most expensive diamond ever sold until 2018 when the Winston Pink Legacy, an 18.96 carat vividly pink was bought for a whopping $50.3 million.
Clearly, Harry Winston Jewellery is not only renowned for superior craftsmanship but exclusivity. Most people would not want to sell a Harry Winston piece and if you do have a Harry Winston piece of jewellery, you should have it thoroughly evaluated by an expert who can appreciate the true value of your piece. You can get a good loan for a Harry Winston piece of jewellery. Find pawnbrokers Melbourne who understand and have dealt with high end jewellery brands.
Van Cleef and Arpels jewellery
The first Van Cleef and Arpels store was opened in 1906 at Paris’ Place Vendôme, across the famous and luxurious Hotel Ritz. The brand became synonymous with Parisian luxury. The brand became known for its fine jewellery across the world. In the U.S the first Van Cleef boutique opened in New York in 1942 and sold a selection of watches and fine jewellery and has kept that reputation to this day.
Cartier is a world renowned brand when it comes to fine jewellery. When Louis- François Cartier created the company, he wanted timeless designs and attention to detail for everything the company created and this included watches and jewellery. Cartier is synonymous with elegance. Cartier also bears the royal seal of approval issued by Edward VII. Because of this seal, Cartier earned the title: 'Jeweller of Kings'
The most famous piece of jewellery made by Cartier is the Sunrise Ruby: a rare Burmese ruby with a 25.59 carat quality. In 2015, Sotheby's sold the Ruby for more than $31 million.
Tiffany Diamond Jewellery
Tiffany is an iconic jewellery brand with origins going back to 1837. The brand is synonymous with luxurious, fashionable yet clean and simple design. The secret is in the attention to detail. Throughout the years, the brand has continued to produce breath-taking jewellery with exotic gemstones like tanzanite, morganite and kunzite.
The most iconic pieces created by Tiffany are arguably their engagement rings, which are famous across the world. A great example is a diamond ring with a 4.59-carat Burmese ruby which was sold for $1.15 million. There are a lot of notable pieces, but the most appealing thing about Tiffany jewellery is that no two pieces are ever the same, so there's the element of exclusivity you wouldn't find in other jewelleries. In fact the same can be said for the jewellery brand listed above.
Design, quality and the materials are important to create exclusive pieces bearing such brand names. You need to find pawnbrokers Melbourne that understands the luxury jewellery market and can give you a fair and accurate valuation. A pawnbroker may be the way to go if you need a sizeable loan and if you are not quite ready to part with your luxury jewellery.