What’s in YOUR jewelry box?
The jewelry box. An individual treasure trove of collected beloved personal baubles and memorabilia. Each unique and different. The fun of jewelry boxes is that you never know what you may find inside. Old broaches, vintage earrings, diamond rings, precious stones, metals, pins, rings, watches, you name it. We have even found items cleverly hidden inside of the walls of the boxes themselves!
Jewelry may be costume (expensive copies of designer pieces) or inexpensive knock offs. It may also be real, made from gold, platinum, silver, copper, and other metals and stones. Jewelry has been worn to adorn the body since the dawn of mankind where feathers, rocks, and even wood and teeth were used to create wearable art.
As you sort through your box and maybe even drawers, you may find pieces you wonder about. Its pretty……………… but is it monetarily valuable?
That’s where we come in.
Pawn shops have undergone a revival of sorts to cater to a wide range of individuals who are looking to pawn jewelry and other valuable items that they own or on the flip side, looking to add to their collections.
Pawn shops are always searching for items that they can then buy and re-sell to collectors. Jewelry has always been a staple of pawn shops but as watches were developed and became rare or vintage items, they have become an important part of the pawn shop portfolio. Jewelry remains that largest share of pawn broker transactions because of their precious metal and gemstone content which can then be sold onto a variety of customers.
The value associated with a piece depends on a number factors.
METAL: One of the most important is metal content – purity and weight. Gold, Silver and platinum of the precious metals with the most value attached to them. All these precious metals are globally traded and have price indices associated with them. The price index of the precious metal is the fundamental determinant of value for a jewelry piece.
STONES: Jewelry also often contains gemstones with diamonds being the most popular. The value of a diamond is less immediately obvious as there are factors such as the size of the diamond, the clarity of the diamond, the presence of artifacts in the diamond and the color of the diamond. The defined value may be less clear to the lay person, but an expert in diamond assessment will very quickly be able to put a value to the diamond after a thorough examination and cross referencing with globally use scales for clarity, weight and the other value factors.
RARITY/BRANDING: Lastly, the rarity and brand or manufacturer of the jewelry piece will also contribute value to the item or items. Rare or discontinued designer jewelry can fetch incredibly high values.
THE ANALYSIS: The topics above help to provide an outline on what is considered by pawn shops when you are looking to pawn jewelry. It is best to do some homework before going to your nearest pawn store to ensure you are prepared for the negotiations over value and to assist in meeting your value expectations. A look at your jewelry piece and the certificate of authenticity of your jewelry item will reveal the precious metal and gemstone quality. As this is the fundamental determinant of value for most jewelry, you will have an idea as to what a ballpark value will be. We have an in house jeweler at First Pawn Jewelry and Loan as well to help us give the most fair offer possible.
If you are looking to cash in on your jewelry investments or to use them as collateral for a low cost loan, then come to First Pawn of Naples and Lehigh, Florida..