2801 N Federal Hwy, Boca Raton, FL 33431

Best Place for Collateral Loans & Liquidation of Luxury Items in Boca Raton

Best Place for Collateral Loans & Liquidation of Luxury Items in Boca Raton

liquidate luxury items

Are you looking for the best place to liquidate luxury items? Do you want to get a collateral loan for your luxury watch or fine jewelry?

If your answer is yes to either question, then you’ve come to the right place. At Diamonds By Raymond Lee, we pay cash on the spot at the highest price for luxury watches, jewelry, gold and diamonds. We also have the best collateral loan terms in Boca Raton. 

Read on to learn about our liquidation and collateral loan process for luxury items. We will also discuss the benefits of liquidation and collateral loans, how we appraise your valuables, and how we can offer the highest prices for jewelry and watch liquidation and the best collateral loan terms and interest rates for any luxury item. 

jewelry and watch liquidating

Why You Should Choose Diamonds By Raymond Lee for Your Luxury Item Liquidation or Collateral Loan Needs

  • Jewelry and watch experts with over 30 years of experience. 
  • Certified gemologists. 
  • Private, safe, secure, pressure-free environment.
  • Highest prices paid for jewelry, watches, gold and gemstones. We never lowball.
  • Best loan terms with the highest value for jewelry and watches.
  • Insured by Jewelers Mutual Insurance.
  • A+ BBB rating.

Loan vs Liquidation

You have two options if you have luxury items and you need cash fast. You can either liquidate your jewelry and/or watches or you can get a loan using them as collateral. Both options will put cash in your hand immediately.

Let’s quickly discuss the two options and the benefits of each before we get into what items are accepted and the process for liquidating or getting a collateral loan on your luxury jewelry/watches at Diamonds By Raymond Lee in Boca Raton. 

What is Jewelry & Watch Liquidation 

Liquidation simply means selling your luxury item(s) for cash, on the spot. It is immediate payment from a licensed dealer of an established jewelry store or buying office. 

You can liquidate one item or even a whole collection of items. This means jewelry and watch liquidation is an option for people and businesses.

So, if you are a business that is looking to liquidate inventory or you are a person who has a few unwanted luxury items or you simply need cash now, liquidation of your goods is an option for you. 

Benefits of Luxury Items Liquidation 

The benefit of liquidating your luxury items is that you get cash immediately and you don’t have to go through all the hassle of trying to sell your goods for higher on the market. Moreover, it is not guaranteed that you will even be able to sell them for a higher price than a jewelry store will offer, no matter how hard you try and how long you wait. Plus, at Diamonds By Raymond Lee, you will be getting the most competitive price, so you don’t have to worry that you undersold your items. 

Liquidation particularly makes sense for used luxury items, items that are no longer in vogue, worn and damaged items, inherited estate jewelry/watches, and divorce settlement pieces. It is also a good choice if you are concerned about the security of your items as you don’t have jewelry insurance.

All in all, if you need cash fast, liquidation is a hassle-free, fast process, and if you choose the right dealer, like Diamonds By Raymond Lee, you will be getting a very fair price that you won’t regret when looking back. 

luxury watch liquidation
What are Jewelry & Watch Collateral Loans

Jewelry and watch collateral loans deal with the trading of luxury jewelry and watches, or other valuable items, as collateral for money. The jewelry is an asset, so the lender accepts it as security for extending a loan to you. There are various loan terms, ranging from 30 days up to multiple years, with different interest rates depending on the dealer and State where you are getting the collateral loan. 

Put simply, you get cash for your luxury item, then you get on a payment plan to pay back the loan with interest over time. Once your loan is paid back plus the interest (how much interest depends on how long the loan is, if there were extensions on the loan, and what deal you work out with the lender) you will receive your item(s) back and the payment plan ceases. If you default or fail to make payment on your loan, the lender may seize the luxury item and sell it to recoup their losses. 

A reputable lender will keep your luxury item safe and there will be insurance on it. So you do not need to worry about anything happening to it while it’s in their possession.

Benefits of Jewelry & Watch Collateral Loans

A luxury goods collateral loan makes sense if you need cash immediately and you eventually want the item back. If you are confident you can pay back the loan, this is a good option for fast cash. 

Luxury jewelry and watch collateral loans are good for sentimental items and items that you still want to own down the road.

Furthermore, collateral loans allow people with poor or short credit history to get loans, they enable you to potentially get a larger loan, and collateral loans typically have lower interest rates than unsecured non-collateral loans (less risk for the lender).

selling my jewelry for cash in boca raton

Loan vs Liquidation, which should I choose?

There are some questions you need to ask yourself. Do you still want this item? Would you regret selling it? Are you confident you can pay back the loan? Is this item replaceable?

Think about what the item means to you and what you can actually afford to do. 

Getting a loan on your luxury times or selling them can be a lifesaver for many people. However, oftentimes it is a difficult choice.

We recommend selling your luxury item if you aren’t confident you can pay it back or if the loan will be longer than 6 months, as the interest rate can add up. That being said, if it is a sentimental piece, then it may be worth paying the interest rate over time, even if it ends up being a significant amount. Now, if the item is replaceable, you can buy a new one down the road and save yourself the payment of interest. 

Conversely, we recommend a collateral loan for those who are confident they can pay for the loan, and on time. Moreover, if you have no doubt in your mind that you want the item back, a collateral loan is the way. You don’t have to give up your precious item just because you need cash right now. 

jewelry collateral loan in boca raton

Pawnshop vs Jewelry Store like Diamonds By Raymond Lee

Although we are in direct competition with pawn shops, there really is no competition when it comes to our liquidation and collateral loan services. 

Our collateral loan service will be far more profitable for you, as we have the best terms. Pawnshops offer loans for 30 day or less and we offer 60 days or more. Moreover, we have far better interest rates, which are state-regulated. You will end up paying a fraction of what you pay at a pawnshop.

As for liquidation of your luxury items, we offer the highest prices for luxury items in all of South Florida. We can do this through our expertise at appraising jewelry and watches and our large clientele. 

Pawnshops will not have the same expertise at appraising jewelry and this is an essential factor for getting the best deals for loans and liquidation. A pawnshop doesn’t solely deal with jewelry and watches, so they simply don’t have the same experience and knowledge. They will minimize their risk by offering you a lower price, as they may not be sure exactly what it is worth.  By going to an expert like Diamonds By Raymond Lee, you will get exactly what you deserve for your luxury item as we know what it can sell for. 

best place to sell my engagement ring in boca raton

How we value jewelry for loans and liquidation

It’s crucial that you choose a lender that actually knows how to appraise the value of your luxury jewelry and watches.

At Diamonds By Raymond Lee, we have expert gemologists and jewelers who will know exactly what your piece is worth on the market. This enables us to give you a fair price as we know what we can resell it for. We pride ourselves on fair business dealings. This is why we have a stellar reputation for over 30 years. 

Here’s what we value your items based on:
  • Brand or Manufacturer: Naturally, some brands and manufacturers are more valuable than others, especially if the piece bears a signature. Brands like Rolex, Cartier, Tiffany, Graff, Van Cleef and Arpels will be worth much more than their intrinsic value alone, simply because of the brand’s prestige and the market’s demand. 
  • Material: Fine jewelry is made from precious materials, so we take this into consideration as well. The intrinsic value of platinum, gold, and silver all differ. 
  • Gemstones: There are many factors for what determines the value of a gemstone, such as cut, color, clarity, carat weight. We look at certificates and our certified gemologist will know exactly what to look for with any given gemstone. 
  • Condition: We will take into consideration the condition of your piece. This is especially important for luxury watches. 

Accepted Luxury Items For Liquidation & Collateral Loans

We accept all kinds of fine jewelry, luxury watches, and precious metals and gemstones.

Jewelry and watches we are most interested in buying and items we accept for collateral loans:

High-end Watches: Audemars Piguet, Blancpain, Breitling, Breguet, Bulgari, Cartier, Chopard, Corum, Ebel, Franck Muller, Gerald Genta, Harry Winston, Hublot, IWC, Jacob & Co., Jaeger Le-Coultre, Omega, Panerai, Patek Philippe, Piaget, Richard Mille, Roger, Dubuis, Rolex, Tudor, Ulysse Nardin, Van Cleef & Arpels, Vacheron Constantin

Luxury Jewelry: Gold, Diamond and Precious Gemstone Jewelry, such as bracelets, rings, necklaces, and earrings. 

Jewelry brands we are most interested in: Tiffany, Cartier, Roberto Coin, Chanel, David Webb, David Yurman, Bulgari, Van Cleef & Arpels, Seaman Schepps, Schlumberger, Shreve Crump & Low, Faberge, Fouquet, Garrard, Georg Jensen, Asprey, Boucheron, and Buccelatti.

We also accept gold, which includes gold jewelry that is broken, and loose gemstones and diamonds. 

Note: We also buy luxury designer handbags!

If you have any questions about what luxury items we accept for collateral loans and buy, simply contact us.

liquidate luxury items

Jewelry & Watch Liquidation Process

Our process for buying your luxury item is very simple and easy. First, we appraise your jewelry or watch, we discuss with you the appraisal and how we can to that value, then we make you an offer. If you accept our offer, we ask you to fill out some paperwork, create a receipt and pay you cash in hand on the spot.

Every transaction is completely secure and confidential. 

Want to liquidate your luxury items? Contact us now

Jewelry & Watch Collateral Loan Process & Terms

The process for our collateral loans is also quite simple. However, there are more aspects of it for you to understand.

Like our liquidation process, we start by appraising the item at hand then tell you what it is worth and why. 

From there, we discuss with you our loan terms and together we decide on a payment plan that works for you. Our goal is to come to an agreement that works for both parties. 

There will not be a credit check.

If you accept the collateral loan terms, then we fill out some paperwork and pay you cash on the spot. That’s it!

You will need a government-issued picture ID, such as State Issued Drivers License or ID Card, Military ID, Passport, or Alien Registration Card.

After the agreement is made, we secure your jewelry or watch in our safe until the loan payment has been completed, at which time you return to pick up your item.

Note: The items must be owned by the person taking the collateral loan. We will ask you to sign an affidavit certifying that you are the owner. That being said, we will never ask questions about why you are applying for a collateral loan. 

collateral loan luxury watch

Collateral Loan Terms 

We offer the best rates and friendliest terms in all of Boca Raton. From professional athletes to local businesses and families, a wide range of clients have benefited from our collateral loan service. 

Our goal is always to give you the most cash for your item with the lowest interest rate. We design our loans so that repayment is easy and you won’t have to struggle with your finances. We would never want the quality of someone’s life to suffer based on our secured loan.

Here are some points to note about our collateral loan terms:

  • There are no financial implications. If payment isn’t made, the loan simply defaults.
  • There is no impact on your credit for late or non-payment. 
  • Loans are renewed after interest payment is made.
  • APR will never exceed 35%.
  • There aren’t any additional fees or penalties if you renew your loan.
  • We only offer loan terms that are 60 days or more (unlike Pawnshops 30 days or less). So, the loan is not required to be paid within 60 days. 
  • The repayment period can be as little as 1 day or as long as 10 years.

Note: The collateral loan terms will depend on how much the loan is for. The larger the sum, the less interest we will charge. 

Our collection practices include sending a text message or email reminding the client when payment is due. We accept ACH payment. 

Your Luxury Items are Safe with Us – Security is of the Highest Concern

You can rest assured that your valuable items are safe with us. You will have point-to-point insurance that starts when we take possession and ends when you’ve paid your loan and collect your item.

During the period of the loan, your jewelry will be in our safe. Our showroom has state-of-the-art surveillance systems running 24/7 and we have armed guards protecting our premises during business hours.

Want to get a collateral loan for your luxury items? Contact us with any questions you may have

Don’t hesitate to call us or come into our showroom if you need cash fast. 

Diamonds By Raymond Lee in Boca Raton

Location: 2801 N Federal Hwy, Boca Raton, FL 33431
Hours: Monday-Friday  10am-6pm, Saturday 10am-5pm, Sunday Closed.
Phone: (561) 623-8205
Email: [email protected]

Contact form

collateral loan on luxury goods


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