Many people own high-end jewelry collections that sit unused in velvet boxes, tucked away in a closet or a dresser drawer. Especially when you have a robust collection of elite jewelry, not all of it gets worn on a regular basis. Furthermore, you might reserve some of your pieces for special occasions, particularly if you own heirloom diamond jewelry or other special creations.
While your jewelry is sitting unworn, you could be utilizing it to your advantage. Borrowing against elite jewelry and luxury watches is a little-known tactic that can open numerous doors of enhanced financial possibilities. You can leverage these bespoke items to invest in new businesses or real estate, expand your stock portfolio, fund a milestone anniversary or wedding celebration, renovate your home, become an angel investor, and so much more.
People use high-end jewelry loans for all kinds of different reasons. Whether you need an influx of cash or simply want to ensure you are maximizing the possibilities hidden away in these valuable assets, AMETA Finance Group is the place to turn. We have been trusted partners in Manhattan’s luxury watch and jewelry world for decades, and our many years of experience allow us to offer the most accurate appraisals on the market. This translates to lower interest rates and higher loan amounts for you, the borrower.
Today, we are taking a closer look at the ins and outs of borrowing against jewelry, highlighting the best pieces to borrow against that are already in your jewelry box.
5 Pieces of Jewelry that You Can Borrow Against
So, you have a box full of jewelry, everything from costume pieces to fine diamond heirlooms. Some of it is perfectly suited for collateral loans. Other items will be less ideal for this type of leverage. Which pieces are worth considering when you are looking to borrow against? Here are five options that you can (and should) keep an eye out for as you examine your collection.
#1: Highly Recognizable Brand-Name Pieces
Highly recognizable pieces of brand-name jewelry are going to be the top tier of options when it comes to borrowing against your collection. We are talking about pieces like the Cartier LOVE collection, the Tiffany & Co. bone cuff or bean necklace, or the Van Cleef & Arpels Alhambra motif. Each of these creations has a timeless allure that has been cemented by extreme popularity. Furthermore, these pieces are immediately recognizable to those who love and appreciate truly high-end jewelry.
Pieces that fall into this category are often coveted, but they are also often imitated. Imitations of the real thing will not yield high loan amounts, and it is important to work with a lender who will conduct an informed appraisal to determine whether or not your jewelry is genuine. As with most luxury watches, retaining the original box and papers for these pieces is only going to add to the appraised value, which translates to a higher loan amount offered to you.
#2: Jewelry That Comes With Paperwork
Paperwork might sound boring, but in the world of luxury watches and fine jewelry, it makes a big difference. When you purchase brand-name jewelry or naturally mined diamonds, you will receive certificates of authenticity. Holding onto these papers will help you retain or even increase the value of an asset over time. When you fill out our online inquiry form to begin the process of borrowing against your jewelry, be sure to mention any box or papers you possess.
In some cases, paperwork gets lost as jewelry or other assets are passed down through the generations. That is okay, and if you do not have paperwork, you can still borrow against your items. However, if you can secure the original boxes and papers that came with an item upon its initial purchase, you may be able to access loans of a greater value. GIA-certification paperwork is also a significant value-add for many diamond pieces.
#3: Fine Diamond Heirlooms
Perhaps you have a diamond necklace passed down from your grandmother, or a stunning diamond tennis bracelet that has been in your family for who knows how long. These assets might have real value that you are missing out on by letting them sit idle in your jewelry box.
Understanding the value of heirloom jewelry can be tricky, and that is where AMETA Finance Group comes into play. These pieces may have been passed down for generations, their original boxes and papers lost along the way. That is normal and completely acceptable, and that is why an accurate and informed appraisal is so important. With our decades of experience in Manhattan’s diamond district, we can help you determine the value of your heirloom jewelry with confidence and ease.
#4: Precious Metal Pieces
At this point, we are moving onto a slightly lower tier in jewelry loans. If you do not have pieces with diamonds, pieces with documentation and paperwork present, or brand-name items, you can still borrow against your jewelry. That said, you are looking at a different formula to calculate the value of the piece. Essentially, we will look at the market value of the components (for instance, carats of diamonds or weight of gold) and use that to estimate the value of the piece.
Typically, we offer a loan-to-value ratio between 60% and 80%. This means that if we appraise the market value of a platinum and diamond necklace at $50,000, you can borrow between $30,000 and $40,000 from us through a jewelry loan.
#5: Jewelry Set With Prestige Gems
Diamonds are not the only gems that can open doors for jewelry loans. Many vintage jewelry pieces actually rely on other precious gems, such as sapphires or rubies, for their sparkle. These gorgeous stones are also highly valuable, and pieces that include them can be strong choices to borrow against and may yield high loan amounts.
Change Your Financial Future With AMETA Finance Group
Are you ready to take out a loan on your fine diamond jewelry or high-end timepiece? Even if you are not 100% ready to commit, consider getting a free appraisal to determine the worth of your luxury timepiece. You might be surprised by how much money you could access with a high-end watch or diamond jewelry loan.
Our trusted team at AMETA Finance Group is your go-to destination when you are ready to borrow against your valuable watches and jewelry. We are here when you need us, whenever you are ready to make a change in your financial story.
Get started today by filling out this short form.
FAQs About Borrowing Against Your Jewelry
Can you take out a loan against jewelry?
Yes, you can take out a loan against jewelry. High-end jewelry, especially that made from precious metals or containing elite gemstones, is often highly valuable. It is a strong asset to borrow against if you are considering a collateral loan.
What kinds of jewelry can you borrow against?
You can borrow against many different kinds of jewelry, including brand-name pieces, vintage jewelry, heirloom items, and even modern precious metal pieces. While different types of jewelry can yield very different appraisal amounts (and thus, very different loan amounts), your options in terms of what kinds of jewelry you can borrow against are virtually endless.
Can you take out a loan on Cartier jewelry?
Certain Cartier jewelry collections are particularly valuable on the secondary market, making them a strong option for jewelry loans. These pieces typically appraise at high values, and when you take out a collateral loan, you will be offered a loan amount as a percentage of the appraised value. Cartier jewelry is coveted by many, and it is perfect for borrowing against.
Can I get a loan against my diamond ring?
Yes, you can get a loan against a diamond ring. Whether it is an engagement ring with one large diamond or an infinity band with many smaller ones, most diamond rings are good candidates for collateral lending. This is because diamonds tend to hold their value over time, especially if they are naturally mined and have GIA paperwork or other certification documents that attest to their genuine nature and value.
What jewelry is the best for collateral loans?
There is no one type of jewelry that is “best” for collateral loans; many jewelry pieces have borrowing potential if you are looking for an influx of cash. That said, highly recognizable pieces from name-brand jewelers like Cartier, Tiffany & Co., or Van Cleef & Arpels can yield high appraisals and thus high loan amounts for borrowers who want to leverage their jewelry.
Where do you go to take out a loan against jewelry?
There are many places to borrow against your jewelry, but it is essential to find a lender that you trust and that has experience in the jewelry loan space. At AMETA Finance Group, we have been working in the luxury watch and jewelry world for decades, giving us a unique perspective and level of experience that will help you access jewelry loans with more accurate appraisals and faster turnaround times. Our trustworthy team is your go-to partner for all collateral lending.
