February 03, 2020 - Jewelry & Luxury Items
We’ll teach you how to pawn diamond earrings for the most money possible.
You might wonder how this is possible. After all, a diamond earring is a diamond earring, right? Wrong. Pawn shops are known for their variance in jewelry offers—as much as 475%. We know because we went to 8 different pawn shops and received different offer prices for the same exact jewelry piece!
To help you pawn your diamond earrings for top dollar, we will first provide you with a resource that will give you as much insight as possible into the different offers you can get in your local area. This will put you in the best position to get the most money for your earrings as you can.
After that, we tell you how to pawn diamond earrings that are broken, as well as how to pawn diamond earrings safely. Then, we help you become familiar with how pawn shops determine the value of your diamond earrings.
List your earrings online at PawnGuru!
The free listing takes only a few minutes to create. This saves you time so that you can avoid the travel to all your local pawn shops to collect offers for comparison.
After you list your earrings online at PawnGuru, you will receive offers from multiple pawn shops in your local area. This can happen almost immediately. See an offer you like? Accept the bid. Don’t like the bid? There’s no obligation to accept it.
Once you accept a pawn shop’s bid on your diamond earrings, you need to enter the shop in person to finalize the transaction. This is when the pawnbroker will be able to appraise your earrings in person. You might even get a higher price than originally anticipated!
When everything is finalized, hand your diamond earrings over to the pawnbroker and receive cash in hand by using the item as collateral until you pay the loan back. Your other option is to sell the item outright.
If you are unsure of how to pawn diamond earrings that are broken, have no fear.
What’s important about your diamond earrings is that they contain actual diamonds. What’s more, your diamonds are likely set in a precious metal such as gold, silver or platinum.
This means that your jewelry holds value because it contains precious stones and metals.
If you bring your broken diamond earrings to a pawn shop, they will still price it out because they can resell the gold and diamonds for a profit. If you kept all the pieces of your broken diamond earrings, bring it with you to the pawn shop.
To pawn diamond earrings safely, you’ll want to bring these in a sealed and sturdy ziplock back or another container so that you won’t lose them on the way to the pawn shop. Since diamond earrings are fairly small, they’re easily lost.
Running other errands before heading into the pawn shop? Do not leave these in plain view in your car. We suggest you head straight to the pawn shop to take care of business first.
An additional point we’d like to make is that you should avoid polishing or using an abrasive cleaner on your earrings. This is because you could actually detract from the metal quality or ruin your jewelry. If you clean them at all, use a damp paper towel.
Pawn shops determine the value of diamond earrings using the following factors. After they evaluate these aspects of your earrings, they will make you an offer that takes into account their need to make a profit when they resell them.
Now that you know how to pawn diamond earrings for top dollar, you might be interested in pawning other types of jewelry! Please see these related resources:
David Stiebel is one of the cofounders of PawnGuru. David was educated at MIT, where he studied Math. He subsequently worked at Bain as a data scientist before starting PawnGuru in 2015. He started PawnGuru to build a better tool for pawn shops and consumers to connect.More Articles
August 1, 2018, 12:41 AM
My sister wanted to have her kitchen repaired, however, she’s short on cash and she thought of pawning her diamond earrings. It was explained here that when pawning diamonds, she should accept a bid for the earrings and know the quality of her diamonds. Moreover, it’s advisable to consult experts when considering pawning diamonds.