6 Tips For Pawning Valuable Items

6 Tips For Pawning Valuable Items

Posted in News by Mallard Jewellers on January 19th 2018
If you’re interested in a pawnbroking loan from the Pawnbrokers in Ilford at Mallard Jewellers, you’ll need to decide on what valuable item you’re going to secure the loan against.

However, deciding what item to pawn can be a difficult decision. In order to give you a helping hand in making your decision, here is a list of 6 tips for pawning valuable items.

6 Tips For Pawning Valuable Items

1.Do You Have Any Valuable Jewellery?
An example of a valuable item that you could pawn is jewellery. However, sometimes it can be difficult to know if a piece of jewellery is valuable or not.

Firstly you should look at the materials that the item of made from. For example, if your item of jewellery is made from gold it could be pawned for a loan.  However, in addition to checking the material of your item, it is also important to check the manufacturer. If the item is made by a well known jewellery manufacture, it could potentially add value to the item.

Finally, look for gemstones in your item. There are numerous different valuable gemstones which can be used in jewellery. Some examples of gemstones are: sapphires, emeralds, rubies, and diamonds.

2.Learn About Diamonds
As written above, diamond jewellery could potentially be very valuable. In June 2017 the Guardian reported that a diamond ring which was bought at a car boot sale for £10 was sold for £657,000!

However, there are numerous different types of diamonds, and with such a wide variety, it’s important to know information regarding any diamonds you own before you consider pawning them.

One of the methods people use determine value in a diamond are the 4Cs, which are clarity, carat, colour, and cut.

  • Clarity – This could also be referred to as the diamond’s purity. It looks for flaws both inside the diamond and on the diamond. If the flaw is located within the diamond, it is known as an inclusion, whereas a flaw which is located on the outside of the diamond is known as a blemish. After being examined under magnification, a diamond will be graded on its clarity. A diamond with the highest level of flaws would be known as I3, whereas a diamond graded as FL would be considered flawless. A FL grading means that the diamond would have no visible inclusions or blemishes when viewed at 10x magnification. 

  • Carat – The carat of a diamond is used to measure its weight. As such, the more carats a diamond has, the more valuable it is. A carat is divided into 100 points; this means that 0.5 carat diamond would be 50 points.

  • Colour – The colour of colourless diamonds is ranked on a scale from D to Z, with D being the most valuable and Z being the least valuable. However, not all diamonds are colourless; some diamonds can be blue, black, or even yellow. As such, the colour of a diamond could affect its value.

  • Cut – There are numerous different types of diamond cuts. Perhaps one of the most common shapes is known as the Round Cut, which has a high level of fire (the sparkle you see when light is broken down by the diamond, producing a ‘rainbow’ of colours) and brilliance(the colourless light which reflects back out from the diamond). 

However, there are numerous other cuts, including but not limited to: the Princess Cut, the Asscher Cut, the Radiant Cut, the Cushion Cut, and the Marquise Cut.

3.Perhaps You Could Pawn A Valuable Watch
Similar to valuable jewellery, if you’re considering pawning a watch, you should check the manufacturer. However, the manufacturer isn’t the only thing you should check with regards to your watch. Just like jewellery, you should also pay close attention to the materials used when making the watch. Whilst indeed the manufacturer is important, the materials used are also important as the watch may contain valuable materials such as gold, which could affect the item’s value.

4.Will The Pawnbroker Accept Your Items?
Another important question to consider is, “Will the pawnbroker accept this item?”
The friendly team at Mallard Jewellers accept pawnbroking loans against items of gold jewellery, diamonds, or prestige watches including Rolex, Cartier, and Breitling.

5.Are Your Items In Good Condition?
The condition of your items could affect their value. If you’re considering pawning some old jewellery, you might consider researching how to clean it correctly or perhaps you could contact a professional to provide you with a cleaning service.

6.Remember To Brings ID
If you’re interested in a loan, please remember to bring ID. At Mallard Jewellers, we require two forms of identification in order to prove who you are and where you live. This could be items such as a driving licence, a passport, a bank letter, or a council tax bill.

For more information regarding what forms of identification are accepted, please contact your local Mallard Jewellers branch.

Interested In Pawnbroking Loans? Get In Touch With Our Team Today

If you’re interested in a pawnbroking loan please visit our Pawnbroking Loans page. On that page you will be able to fill in your details and request a quote. Our team of friendly and dedicated staff will respond within 48 hours.

However, if you have any questions regarding the loans that are available from Mallard Jewellers, please don’t hesitate to get in touch with our team by calling us on 01268 534 343. Alternatively, if you would instead prefer to discuss a potential loan with our team in person, you can visit your local Mallard Jewellers branch and speak to our friendly team in store.

If you’re searching for pawnbrokers in Ilford, you could visit our branch on Cranbrook Road. However, if you don’t live in the Ilford area, there are several other Mallard Jewellers branches to choose from in locations such as: Basildon, Nottingham, Southend-On-Sea, Leicester, and Peterborough.

If you would like to learn the location of the Mallard Jewellers branch that is closest to you, please click the ‘Our Stores’ link at the top of this page. This page has lots of information regarding different stores such as addresses, contact information and opening times

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