Pawn Diamond Rings

Some of the most expensive items that we’ll ever buy in our lives are with a significant other, or for a significant other.  None of these is more iconic than a diamond ring – the token symbol of a man’s love professed to a woman when asking for her hand in marriage.  While a diamond ring specifically is an item meant to be held onto for a lifetime as that symbol of love, when an individual in Gilbert, Chandler, or Queen Creek finds themselves in financial distress, sometimes the only place to look is at the diamond jewelry around them.

Whether it’s an engagement ring or just a diamond ring, Oro Express Chandler Pawn and Gold is here to help. Pawn diamond rings for cash at our Chandler pawn shop. We can put hundreds, sometimes thousands of dollars, worth of cash right into your pocket.  The process is quick and easy and is more commonly called a diamond ring loan.

Getting Fast Cash When You Pawn Diamond Rings

The process all starts when you bring your diamond ring down to our Chandler pawn shop. One of our associates can perform an appraisal on it. In order to maximize the amount of cash we are able to loan, a thorough, in-person inspection truly is necessary every time an individual seeks a diamond loan.  There is such a great deal of intricacies that images nor a verbal description simply will not come anywhere close to providing accurate judgments on its quality.

How Will I Get a Proper Estimate?

Any and all associates/ pawnbrokers are trained, experienced and well equipped to assess your diamonds with the necessary tools to evaluate them, compare them with the current market value, to present the best cash offer when you pawn diamond rings for a 90 day loan. Our evaluation takes into consideration what is commonly known as the diamond’s four C’s – cut, clarity, carat, and color.

The most difficult of these particularly when it comes to diamond rings is the clarity portion of this. Clarity refers to any blemishes on the exterior of the diamond, but also the inclusions that are in the diamond itself.  These internal flaws and surface defects have 6 categories and 11 grades, ranging from Flawless to Included, and do have an impact on its overall value and cash offer.

Assessing the Ring’s Precious Metal

There is a separate assessment of the platinum, gold or silver that the diamonds are set in.  This entails finding the hallmark stamp, to know where to start as far as verifying it, or finding the actual fineness. After that, an analysis of the purity of the precious metal bu using a touchstone to get the sample flakes needed to use our acid drop testing.  Then our pawnbroker will weigh the ring’s precious metal (by deducting the weight of the diamonds), refer to the current spot price of the gold, platinum or silver, so they can add together both evaluations to calculate a cash offer to present to you to pawn diamond rings.

*All of our assessments are free of charge, and are never under any obligation to accept our cash offer. 

Terms of the Loan When You Pawn Diamond Rings

When you pawn diamond rings, they are subject to the same conditions that all of our other pawn loans follow.  This includes a ninety-day term for the pawn loan; along with principal plus accrued interest. This loan needs to paid in full (principal + interest accrued) by the 90th day to retrieve your property.  You are more than welcome to make payments throughout the 90 days, or pay it off in one lump sum by the 90th day.

You can pay off the loan at any time during the 90 days, without any penalties or fees for early payments.  In fact, we reward our customers that pay off their loans prior to the 60th day of the contract, by deducting a redemption discount, which lessens your loan pay-off amount.  On the other hand, if you need more than the 90 days to pay your loan when you pawn diamond rings, just come in to the store, pay only the interest of the loan, and we can write you up for another 90 days.  However, we do suggest to pay what you can against the principal, to make it easier to pay off.

Oro Express Chandler Pawn & Gold is here to help if you need to pawn diamond rings and more, and get the fast cash you need!