Sponsored content
Whether you’re looking for immediate liquidity or a flexible financial solution, Diamond Banc offers a secure, discreet, and customer-focused approach to leveraging your fine jewelry, ensuring you get the highest loan amounts with terms tailored to your needs.
When a traditional bank loan is not in the cards—as well as its negative effect on your credit score—a different kind of financing might be nestled in your jewelry box.
If you own gold, diamonds, a Rolex watch, or fine designer jewelry by Cartier or Tiffany, Harry Winston, or Van Cleef & Arpels, you might be a good candidate for a Jewelry Equity Loan from Diamond Banc in Kansas City. Diamond Banc has since expanded nationwide into 10+ metropolitan markets, including right here in Kansas City., “With gold prices nearing $2,500 an ounce, you could use your gold jewelry as collateral for an equity loan,” says Sicily Von Overfelt, director of Diamond Banc in Kansas City. “We loan up to 75% of the value and charge 8% interest for the first 30 days. Traditional pawn shops can charge up to 17% interest, which would add up to 204% APR,” she says.
If you pay the interest each month, you can extend the loan for another 30 days. Or another and another. Clients can also draw loan balances up and down, like a line of credit. When you pay back the interest and principal, you retrieve your jewelry. “We want you to get your items back,” says Von Overfelt.
Several recent customers illustrate how this works. “A gentleman saw a vintage Rolex at auction that he wanted to buy, so he used two Rolex watches that he already owned as collateral for a loan to purchase the vintage piece for $11,000. In a few weeks, he paid back the loan,” says Overfelt, and he is now happy with the new addition to his Rolex collection.
Another customer was opening a restaurant and used his personal jewelry to secure the last bit of funding. A couple used the wife’s diamond engagement ring to go ahead with IVF treatment. Today, they have a new baby; the engagement ring is back on the wife’s finger.
“You can utilize the things you own for equity,” says Overfelt.
Securing an Equity Loan with Your Fine Jewelry Assets
If you wish to secure an equity loan with your fine jewelry as collateral, a visit to Diamond Banc can get things started. “Our loans are 30-day loans and can be renewed for as many 30-day periods as the client wishes, as long as the minimum interest payment is received,” Von Overfelt explains.
“Each loan is tailored to match a client’s individual goals and needs, offering flexibility in both the amount and the repayment schedule. Loan offers are often equivalent to purchase offers. If you make more than the minimum monthly payment, that extra goes towards repaying the principal. There is no penalty for repaying the principal early.”
The Benefits of a Jewelry Equity Loan
What are the benefits of a jewelry equity loan? There are many.Â
First, you retain ownership of your jewelry. There is no credit check. You get immediate funding. You get a flexible repayment plan, with a line of credit if you desire. And when you repay your loan, you retrieve your jewelry.
1. High Loan Amounts: Diamond Banc offers some of the highest loan values in the industry, based on the true value of your jewelry. This ensures that you can access a substantial amount of liquidity quickly.
2. Flexible Repayment Terms: Diamond Banc provides customized loan terms that fit your financial needs, including flexible repayment schedules, ensuring that you have control over how and when you repay your loan.
3. No Credit Impact: Jewelry Equity Loans are asset-based, meaning your credit score is not a factor in determining eligibility or loan terms. This allows you to secure a loan without affecting your credit report.
4. Confidential and Secure Process: Diamond Banc ensures a secure and private process, with your valuable items fully insured and safely secured during the duration of your loan. All transactions are handled with the utmost discretion.
5. Easy and Fast Access to Funds: The process is streamlined and efficient, allowing you to quickly access funds, whether you need immediate cash for personal or business needs.
A Short-Term Loan to Make Long-Term Dreams Come True
Such a short-term loan could be just the thing to make long-term dreams come true. Another client of Von Overfelt’s used her designer jewelry to make a $12,000 loan that helped her buy a duplex. Within a few weeks, she became a first-time homebuyer and a landlord—and got her jewelry back.
Diamond Banc’s service is confidential, professional, and personal. When you want to “liquify your luxury,” suggests Von Overfelt, or realize substantial capital for a different investment, Diamond Banc is there.Â
Sicily Von Overfelt is a GIA Diamonds Graduate with over 16 years of experience in the jewelry industry and 10+ years with Diamond Banc. She began her career in retail diamond sales, where she gained extensive experience with designer brands, the intricacies of the diamond market and providing luxury client experience. Sicily is the Director of Diamond Banc in Kansas City, authenticating and purchasing pre-owned luxury designer jewelry, diamonds, and watches from the public.Â
DIAMOND BANC
435 Nichols Rd., Suite 200
Kansas City, MO 64112
816.977.2677 for an appointment
email sicily@diamondbanc.com