Pawning Diamond Rings? Sell Them in Las Vegas Instead

With pawning diamond rings, you only get a small percentage of their value in money. Meanwhile, if you sell your diamond ring, you will earn a much more significant portion of your diamond ring’s original value. All it takes is one reputable diamond buyer to get an excellent deal. Finding individual buyers may take time, but you can cut the time by bringing your business to Nevada Coin Mart. Read on if you want to learn more. 

Pawning Diamond Rings

Selling your diamond rings can earn you more money from your item. Forget about pawning your diamond rings. Sure, it is better for those who intend to claim their rings back. But when you pawn items, you usually pay more than you gained. Moreover, pawn shops do not have an established procedure for determining the value of a diamond ring. In most cases, they only assign a price to an item and loan that amount to their customer along with interest. If you fail to pay off your loan and the interest, the pawn shop has the right to take ownership of your ring. They get the right to sell your diamond ring to someone else at a higher price. 

Sell Diamond Rings For Better Deals

Unlike pawning diamond rings, you get to set your preferred asking price when you sell a diamond ring. In this case, you can take various factors into consideration, including the design and rarity of your diamond ring. You may even find individual diamond ring buyers that will pay more than your asking price, depending on the desirability of your rings. Meanwhile, pawn dealers will often overlook the aesthetics of your rings and do not place value in them. 

Selling diamond rings can be tedious, especially since it requires research, time, and good connections to a network of ring enthusiasts. You can skip all these hassles if you bring your business to a place like Nevada Coin Mart, where you can find diamond ring buyers. Such places strictly follow a procedure and procurement process. They have established protocols for determining the value of their customers’ items, making it easier for you to get an offer that matches the actual value of your diamond ring. 

Best Diamond Ring Buyer

Nevada Coin Mart is the best place where you can sell your diamond rings in Las Vegas today. Pawning diamond rings may be a good way to earn fast money, but this is only beneficial if you genuinely intend to claim your ring back and don’t mind paying for high-interest rates. If you want to sell your rings, you can trust the GIA-graduate gemologists of Nevada Coin Mart to give you the best deals for your diamond, silver, and gold items. We also use Thermo Scientific Niton XL2 Series x-ray fluorescence (XRF) analyzers to perform non-destructive tests on your precious metals. With this, we can give you the best fair offers that your items truly deserve. You can visit us at Nevada Coin Mart® 4065 S. Jones Blvd., Las Vegas, NV 89103, or call us at 702-998-4000. You can also email us at [email protected] to talk to one of our expert buyers.

Brief History

The diamond rings we know today are usually engagement rings. We think of it as a symbol of undying love, but back in Ancient Roman times, it was nothing more than a mark of ownership. In fact, Roman women used rings of ivory, flint, copper, bone, and even iron to signify a contract or to affirm mutual love and obedience. 

It wasn’t until the year 850 that an engagement ring was given an official purpose. This happened when Pope Nicholas I declared it to symbolize a man’s intention of marrying a woman. During the time, gold was the most popular material for such rings. The first diamonds to appear on an engagement ring made their debut in 1477 when the Archduke Maximilian of Austria proposed his love and intention to Mary of Burgundy. Back then, only people of power would use these precious gemstones in their jewelry. 

In 1847, De Beers, an advertisement agency, released a campaign for diamond rings. Its slogan, “A diamond is forever,” revolutionized how civilians viewed diamonds and diamond rings. This tagline created a need for a diamond engagement ring to make a commitment official. It found success for many years, but today, more and more millennials are choosing other gemstones for their engagement rings.