Jewelry Diamond Loans in Avondale!
West Valley Pawn and Gold, Avondale’s premier pawn shop, is happy to be your diamond loan provider in Avondale, Goodyear, and West Phoenix. When financial emergency strikes, and there’s no other place to turn for a quick cash loan, we often think that we’re going to be forced items we simply can’t live without like our electronics or automobiles. That’s simply not the case – you can take that diamond jewelry that often is collecting cash, or is reserved only for special events, and turn it into the hundreds of dollars you need. Our diamond loans are able to get you hundreds, sometimes thousands, of dollars in a matter of minutes no matter the circumstance. Let’s take a look at how you can go about getting a diamond loan.
Bringing Your Diamond Jewelry
Obviously, in order for you to get the cash loan you need, we must appraise your diamonds and that’s simply not possible without an in person inspection. You can rest assured, however, that our associates are expertly trained having taken classes with a nationally certified GIA (Gemological Institute of America) instructor. For those who do not know, GIA are the ones who provide certificates for all retail sold diamonds which indicates the Cut, Color, Clarity, and Carat. These are the four features used when appraising diamonds, and it’s important to work with professionals who understand them thoroughly. Let’s take a look at each one in depth and how they factor into your diamond loan.
The cut is relatively self-explanatory. It’s the overall shape of the diamond. The majority of us aren’t familiar with cuts outside of a Round Brilliant as it’s not only the most popular but the most produced diamond in the world. This can have a heavy impact on the price, however, as cuts like the Emerald and Pear are less desirable. These are rare, however, so most of the time this isn’t a large factor to our customers.
Another thing that many of us might not be aware of is that diamonds come in all sorts of colors. Again, the most produced diamond in the world is a white/clear color, but they come in all colors of the rainbow from browns to blues to purples. The clear color is the one we’re all familiar with, and at least in consumer’s eyes, it is the most valuable and the one most often used in silver and gold settings.
When the color of choice is clear, it can be confusing to wonder what clarity actually refers to. For diamonds of all colors, it more so refers to the ability to see through the diamond – how “clear” it is. This refers to not only the internals of the diamond, but the surface of it as well. Blemishes on the front of the diamond can severely impact the ability to see inside of the diamond reducing its overall value.
The most important part of the appraisal, obviously, as it refers to the size of the diamond. While the majority of us think we can look at a diamond and realize how large it is, it takes a true expert to determine what the actual carat weight of your diamond is. This is heavily dependent on the cut but also based on the depth of the diamond itself. A diamond can be any cut while its depth can vary wildly. The combination of these two is what generates the carat weight and is often vastly underestimated by an untrained eye. At West Valley Pawn, we boast an inventory of not only hundreds of diamonds, but have had thousands come through their hands meaning we truly are diamond experts.
Getting Your Cash Diamond Loan
This appraisal process seems long but will often take less than ten minutes. Our associate will ask you the cash amount that you were hoping to leave our pawn shop with. While in many cases our cash value might be more, it’s important to keep in mind that interest accrues throughout the duration of the loan, often faster than you do realize and the goal of our diamond loans is to get you back to financial stability, not make it even worse 3 months down the line. The message here is to only take the cash amount you need to avoid this issue. While your diamond loan is in your hands, it’s important to keep in mind that you have options available to you.
Once we’ve come to an agreement, we’ll collect some signatures from you, and send you off on your way with cash in hand. During the duration of this loan, your diamonds will sit in our secure, monitored storage facility where they will remain untouched until you’re ready to come get them.
Repaying Your Diamond Loan
These loans are written out for a period of 90 days during which you’re more than welcome to come pay off the accrued interest and principal balance to leave with your diamonds. If come the end of the term you’re not ready to repay the diamond loan, you can simply repay the interest and we’re more than happy to extend it for another 90 days. So why visit any other pawn shop in Goodyear, Avondale, or West Phoenix? West Valley Pawn and Gold is your pawn shop for Diamond Loans paying the most cash with the lowest interest rates.
Why should you come to West Valley Pawn?
West Valley Pawn and its affiliated companies has been in business over 30 years loaning money on all types of diamonds. We invest in diamonds, we believe in diamonds, and we loan the most on diamonds because we understand that diamonds have a lot of value. We have the experience, knowledge, and cash to give you the most cash for all of your diamonds.