Everything About Selling Diamond Ring at a Pawn Shop_SellYourDiamond
                     SELL YOUR DIAMOND
www.sellyourdiamond.co.uk
Everything About Selling Diamond Ring 
at a Pawn Shop:
You may get a lower value of diamond ring if you sell it at a pawn shop. Selling 
jewellery pieces to a trusted online buyer will get you a greater value.
In case you have cancelled your 
engagement, or got separated from 
your partner or want to change your 
old ring to something more 
fashionable, there might come a 
moment wherein you need to sell your 
diamond ring.
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The Business Model of a Pawn Shop:
1. Pawnbrokers have been there for centuries, and they are working on a 
business model that dates back to ancient Greece. 
2. The business model of pawnshops is quite straightforward. You can visit a 
pawn shop to sell something that is valuable. 
3. The shop then proffers you a loan using the jewellery piece you have given 
as security for the loan. This procedure is known as pawning the item. 
4. Once you repay the loan along with interest the pawnbroker charges, they’ll 
return the item you have given as security.
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If you fail to return the amount you took, then, in this case, the pawnbroker 
keeps the jewellery piece you pawned and sells it to recover their loss.
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Usually, any loan that you will get from a pawnbroker will be for considerably 
less than the piece you are pawning is worth. In case you pawn a necklace that 
has a used worth of 1000 dollars, the pawnshop may provide you with a loan of 
250 to 600 dollars.
The loans taken from a pawnbroker 
are likely to be short-term, and a 
majority of them have a 
reimbursement deadline of 6 
months.
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What Are the Other Alternatives to Selling Your 
Ring to A Pawnbroker?
If you want a healthy amount of cash for old diamond ring, you can choose any 
of the following options.
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1.     Sell My Diamond Ring on eBay:
You can choose to sell your diamond ring privately on any online platform, like 
eBay. This will probably help you to regain the maximum value of the ring’s 
original retailed price. This procedure can be a little time consuming, and it is not 
a simple task to find a buyer for a used engagement ring.
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2.      Selling the Ring to A Company:
Another option to resell diamond ring for cash is to go for a company 
specialized in purchasing pre-owned diamonds. These companies or 
enterprises, with the help of a lab, will examine the diamond. After that, on the 
basis of quality and worth, they’ll offer a price.
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SELL YOUR DIAMOND
Store Location
Address: 33 Hatton Garden, London, EC1N 8DH
Phone: +44 207 101 5011
Email: [email protected]
Website: https://www.sellyourdiamond.co.uk/
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