When it comes to raising quick cash, people typically turn to their assets to see what they can liquidate. Diamonds and jewelry are one of the most common goods of value used to generate funds but you do have a couple of options in terms of how you do it.

Depending on how much you need to raise, when you need the funds, the type of assets you have and whether you are willing to part with the items or not, you will make different choices. When considering whether to sell or pawn diamonds and jewelry, weigh both options to see which is the right fit for you.

At Jax Jewelry & Pawn you have the option to get a loan for your diamonds or to outright sell your diamond jewelry. The benefit of pawning your diamond jewelry is that you are not parting with it for good. If you think you are able to meet the terms of a short term loan and repay it within that time frame, this may be a good option for you and you are able to keep a valued piece of jewelry. Just make sure you completely understand the terms and conditions of the pawn loan.

However, if you think your finances will not allow you to quickly pay your loan or the diamond jewelry you have is not something you care to keep, selling it outright may be the better option for quick cash that you don’t have to repay.