When you’re in need of extra cash, looking to score a deal on some jewelry, or just cleaning out your jewelry box, it might be time to head over to your local pawn shop. But not all pawn shops are created equal, and it’s important to do your research to find the best pawn shop to sell jewelry near me.

While it may seem like pawnshops rip off their customers, the truth is that they give fair value for items. It’s important to remember that a pawnshop has to store your item until you redeem it, and they have to pay for things such as rent, salaries, license fees, bond fees, utilities, etc. So, even if the used item that you’re pawning has a retail value of $200, the pawnshop will only be able to offer you $20 because they’re paying for their expenses.

Best Pawn Shop to Sell Jewelry Near Me: Your Guide

In addition, pawnshops often buy and sell jewelry from the same wholesalers that jewelers do, so they have access to the same types of pieces at a fraction of the cost of a jeweler. They also have a much broader selection than a traditional jewelry store, making it easier to find the perfect piece for you.

However, if you’re selling a diamond ring to a pawnshop, you should be aware that they will only pay you a fraction of the actual value of the ring because the market for a used diamond ring is smaller at a pawnshop than online. If you want to get the most money for your ring, it’s best to sell it to an online reputable diamond wholesaler like Abe Mor instead of a pawnshop.