Diamond and Jewelry FAQ
How much do you pay for diamonds?
How much do you pay for diamonds?
The larger your diamond the more we pay. If your diamond is a cluster, we pay based on the value of each diamond in the cluster. We pay based on the size and quality of your diamonds which is subject to change based on market value. Color, Cut, Clarity, and Carat weight are the standards in determining the value of your diamonds and we will always test and explain our evaluation.
How much do you pay for gemstones?
How much do you pay for gemstones?
We will buy gemstones as long as they are GIA graded or have another reputable true authentication. When in doubt, an international appraisal is typically inaccurate and 10-15x the true value.
How much do you pay for jewelry?
How much do you pay for jewelry?
We typically pay for jewelry based on the diamond and gold value. If your jewelry is a brand like Tiffany, we will pay more.
My jewelry is appraised. How much do you pay?
My jewelry is appraised. How much do you pay?
We always offer the most we can possibly give you for your jewelry. If your jewelry is appraised and has diamonds we typically pay from 10-50% of the appraised value. GIA-graded Diamonds are the only true grade. All other appraisals are subject to inaccuracies. We are happy to take a look to provide an offer. If your ring has an international appraisal or was purchased new from Zales, Jared expect to lose value. Without going into detail, this is because the value they place on your jewelry is not just the diamond and gold, it has to do with their brand, design, and sometimes consumer financing methods.
Can you test my diamond for free?
Can you test my diamond for free?
Yes, we can! We in fact as of 2021 are the only Pawn Shop in Idaho that can test with both our GIA ID100 and Sherlock Holmes 2 Tester for natural vs lab-made diamonds.
Can you test for a lab-made diamond?
Can you test for a lab-made diamond?
Yes, we can! We in fact as of 2021 are the only Pawn Shop in Idaho that can test with both our GIA ID100 and Sherlock Holmes 2 Tester for natural vs lab-made diamonds.
Do you provide insurance appraisals?
Do you provide insurance appraisals?
We do not currently provide insurance appraisals.
Selling your jewelry or diamond?
If you just want to sell your item, we will buy your item outright. We typically offer 30-80% of the item’s value. This depends on the type of item, brand, and how fast the item will sell.
We always pay top dollar for name-brand items in great working condition.
List of Common GOLD, JEWELRY, DIAMOND, OR PRECIOUS METALS: Tiffany Diamonds, Zales Diamonds, Tiffany Silver, Loose Diamond, 1 Carat Diamond, etc…
One thing to keep in mind is that we want to make you the best deal we can, but we also must consider pricing that allows us to move your item quickly so that it does not stick around and decrease in value as companies release new versions.
We can pay the most for items that tend to have stable values in the marketplace Buy and Sell Diamond Meridian.
PAWNING YOUR JEWELRY OR DIAMOND?
A customer exchanges an item as collateral for a short-term cash Loan on Diamond Jewelry. The item is returned to the customer after the loan amount and interest fees are paid. Sometimes, when a customer needs an extension on paying their loan, the item is held longer and the customer agrees to extend the terms of the loan for an additional length of time.
The Process:
-Customers bring in an item of value.
-Pawnbroker offers a loan based on a percentage of the item’s estimated resale value.
-The pawnbroker then keeps the item until the customer repays the loan with interest and any additional fees that may apply.
We offer pawn term arrangements as low as 35% APR Interest Rate on $20,000+ Pawns.
The loan repayment is based on a 1, 2 or 3 month repayment period with no maximum repayment period.
Loan Example:
Loan Amount: $20,000
APR: 35%
Monthly Interest: $583.33