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Fine Jewellery: The Collateral in Your Cupboard

People buy jewellery for various reasons. Some buy it to accentuate or complete a look, some buy it as a gift for others and other people buy it because its culturally necessary to do so. Gold jewellery, specifically can be so much more than a fashion statement, it can be a lifeline when you are strapped for cash. If you find yourself in need of some cash, you should ask about the “pawnshops near me” who will accept gold jewellery as collateral for a cash loan. You will find that all pawnshops in your area do offer loans against jewellery. So, before you settle on a particular pawnshop, take your jewellery to different shops and get quotes from each one. Before a broker can make a quote he or she has to weigh your jewellery, test its purity and examine the gemstones on the jewellery. The process takes a few minutes. 

When you accept a quote, you will be required to fill out some forms and sign the agreement that you will pay a certain amount of money and interest by a certain date. When you sign this agreement you basically agree to whatever terms and conditions the pawnbroker has so be careful and read the fine print. If for some reason you are unable to repay the loan, the pawnbroker will then have to sell the jewellery to get his or her money back plus interest. If you do live up to the agreement and you pay the loan off on time then you can redeem your jewellery.

Besides the fact that you have gold jewellery and gold is always a valuable asset, there are other factors that can come into play in the assessment of your rings, necklaces, bracelets, earrings etc. 

Jewellers are skilled craftsmen who have a special talent and eye for design and details. They also need to be well versed in the manufacturing processes. Jewellers aren’t just goldsmiths. They need to be able to work with other metals and have the expertise to handle precious stones like diamonds and emeralds. In certain circles, jewellers are revered as master artists and what they produce commands a higher price that mass-produced, wholesale jewellery. 

There are branded jewellers that are highly sought after like Tiffany, Cartier, Van Cleef Arpels. These brands are respected for the quality, intricate designer pieces that can sell for hundreds of thousand of dollars. When it comes to desirability, there is no pawnshop that can turn these brands away however before you even step into a pawn shop with designer brand jewellery make sure you know what it’s worth by having it appraised. Besides brand names, vintage jewellery is also interesting, particularly because of the history that comes with it. Sometime when you Google “pawnshops near me” you may come across will get online pawnshops and you may notice some Melbourne based shops that operate online. The internet has opened up other doors for brokers and clients to find each other which makes things a little easier.