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Create your beautiful future buying an engagement ring from a pawnbroker

Has the time come to take the plunge and make your relationship permanent? While choosing a perfect engagement ring from a pawn shop is obligatory to make this moment perfect, it is also the first step to create a winsome future together with your true love.

You may take her to the place where you had your first date, following it up with a sumptuous dinner. And choosing a perfect spot, you finally bend down one knee and propose her to marry, opening a small box containing a beautiful diamond ring. As she leans over and peers for a closer look at the tiny stone, a sinking feeling subsides in the pit of your stomach. Now, you may be wondering:
‘Isn’t it sounding more like a fantasy than reality?’

Look:
This can end up being a fantasy if you walk into a high street jewellery shop to purchase an engagement ring and do not have the money to match its price tags. But you can virtually make it the proposal of your dream if you set your foot in a local pawn shop.

One of the many things that a pawn shop does is sell exquisite, high-quality pre-owned jewellery, including engagement rings. It is a lot smarter to purchase an engagement ring at a pawn shop at a fraction of the RRP.
Many people turn out at the opportunity to use the services that a pawnbroker offers, without even realising the riches that await them. Now, before you run out to your nearest jeweller, consider these advantages of shopping with a pawnbroker:

• Substantial savings

Unlike a high street jewellery shop, a pawn shop is not anxious about the original retail price of a jewellery item. The price tags that come with the jewellery items flaunted at a jewellery shop reflect the overhead they have to cover. With a significant amount of choices to choose from pre-owned engagement ring collection at a pawn shop, you can end up buying a perfect ring for your partner, saving a decent amount of money at the end of the day.

• New styles at a considerable discount

For some people, buying a pre-owned engagement ring from a pawn shop is a bad idea, probably for two reasons:

One, they think that a pawn shop has old, outdated rings. And,
Second, a used ring may significantly spell bad luck for a marriage.
Outside of superstition, the fact is that a pawn shop’s inventory includes high-quality and high-value engagement rings, both of new and old styles. With a little bit of luck, you may also come across an engagement ring of contemporary design that is just five months old at a good discount.
Want to know the best part?

Chances are pretty good that the previous owners cared for their ring enough, thereby preventing the stones from sustainable damage. While there is no perceptible difference between a pre-owned and new engagement ring, the money you can save by purchasing a second-hand ring is significant enough for making a difference.

Also Read: Pawnbrokers: A Brief Account of its Past and Present

• Antique and Vintage designs are stylish and increasingly famous

Unlike a jewellery shop, high street pawn shops in London or any other big city are not stuck with just a few designs. Instead, a pawn shop brings in many vintage and designer rings that provide customers with a brilliant opportunity to discover something out of the norm.

As with any other vintage jewellery, a vintage engagement ring may also come with a character and history of its own that sets it apart from others. And you are likely to find such a unique and one-of-a-kind piece only at a pawn shop.

So, here’s the deal

If you are looking to find the perfect engagement ring at the price of your dream and begin the next phase of your life, get in touch with any trustworthy local pawnbrokers in London like The Luxury Hut and explore their beautiful collection of pre-owned rings.

Pawnbrokers: A Brief Account of its Past and Present

Pawnbroking may not be known as the oldest profession of the world, but its origin can be traced back to more than 3,000 years ago when pawn shops first turned up. Pawnbrokers used to provide credit to the peasants while being supervised by Imperial authorities.

Pawn shops were famous in ancient Greece and Rome. While small merchants used a pawn loan to begin their businesses during the Middle Ages, the Catholic Church imposed restrictions on charging interests for pawn loans. This eventually hindered the growth of pawn shops. However, with the increase in demand for such kind of credit in 14th and 15 century, the constraints loosened.

The pawnbroking industry that we know today can be traced back to 15th century, Italy when the financially dominated noble Medici family divided in two. While half of the family members became bankers, others became pawnbrokers who took half of the family crest. This pawnbroking part of the family integrated today’s instantly recognisable symbol of the pawnbrokers- the three gold balls.

However, the symbol has also been ascribed to the story of Saint Nicholas who has saved three poor young girls from dire poverty by giving them each a bag of gold so that they could get married.

European citizens procured pawn loans to aid their families financially as well as to acquire new businesses off the ground. Sometimes, a pawn shop is also called as ‘Lombard’ in Europe, referring to the House of Lombard that was a recognised family known for lending money.

In the 18th century, people belonging to lower class borrowed money against collateral from Franciscan monks for little or no interest. However, in the latter stages of the 19th century and early 20th century, there were virtually as many pawnbrokers as public buildings in Britain, lending cash on almost anything from cutlery and bed linen to the best wardrobes. With the fright of the workhouse draping over the lives of the poor, they used to try all means to avoid it, even if they had to pawn their belongings to obtain some amount of money temporarily.

Although pawnbrokers had earned itself a prejudiced reputation in the past, its image has enormously changed over the last twenty years or so.

A Glimpse of pawnbroking today

 

The upsurge in the pawnbroking industry came during the credit boom in the 1980s, and it continued to flourish today with customers preferring this convenient High Street way to borrow money.

With more and more people looking to raise cash for a short period, the process of pawnbroking became an easy, quick and convenient way to secure short-term loans in the past few years. Today, there are many trustworthy local pawnbrokers in London or any other big city who provide entirely secure, transparent and straightforward service, making the pawnbroking process a significant alternative to any other way of borrowing money.

3 Things to Consider When Selling Your Pre-owned Watch to a Pawnbroker

You may own a luxury pre-owned watch that you have decided to sell it in a pawn shop in London or any other big city. You may not have ever worn the watch or may have purchased it a few months back. Regardless, it will be considered as a second hand watch or a used watch. However, luxury pre-owned watches retain their value as they age. If they have been kept in an excellent condition, they would entice ardent collectors, watch dealers as well as pawnbrokers.

Here are three points that you should consider when selling a pre-owned watch to a pawnbroker. It may help you to get the best price of your luxury watch, making the process of selling more comfortable for you.

• Consider the brand, model number, box and papers and condition

If you want to sell your second hand watch, there are some essential factors that you should consider such as the watch’s brand, model number, box and papers and condition. A reputable and prestigious watch brand like Rolex, Cartier and Patek Philippe always hold their value and are sought-after in the market. The limited editions are rare, and thus, they demand higher prices when they are sold. However, the original box and papers often add nearly 5% to 10% to the second hand price of a luxury watch.

Another significant factor that is considered to determine an accurate estimated value of a second hand watch is the watch’s condition. If a watch is in an excellent working condition or has been regularly serviced, it will fetch you a higher price.

Find out the value of your luxury watch

In many instances, a second hand luxury watch may worth a lot less than what you paid for it. But, in some cases, the value of particular watch models may increase due to their collectable status, rarity or because, someone prestigious or famous owned the watch. You can research online by browsing through your watch brand’s website or any trustworthy dealers’ sites. Although the price of the same watch model may change dramatically from one dealer to another, you will obtain a good idea of the current market value as well as what buyers are likely to pay for your watch.

As one of the high-end pawn shops in London, The Luxury Hut has a team of watch specialists who continuously analyse the second hand market to keep track of the current market value of used watches. You are likely to get an accurate valuation of your watch if you sell it to us. You can fill in our online form and receive your quote shortly after.

• Choose a trustworthy buyer

There may be many places where you can sell your pre-owned watch, but it is essential that you choose a reliable buyer to end up selling your watch at its best price. Pawn shops always look for luxury timepieces to buy. High street pawnshops like The Luxury Hut in London, UK have professional evaluators with extensive knowledge and experience in dealing with the second hand watches and market.

Bring in your pre-owned watch to us and get it appraised. With more than 40 years of experience, The Luxury Hut provides a fast, hassle-free and straightforward service to customers who are keen to sell their luxury watches. You can rest assured to receive the best possible value of your pre-owned watch that you are interested in selling to us.

Sell your watch to The Luxury Hut and get instant cash

With a luxury pawn shop like The Luxury Hut, you will receive cash payment immediately. The Luxury Hut pawnbrokers provide an accurate price for any pre-owned watches along with a quick payment service. You can also sell your pre-owned watch online to The Luxury Hut – fill up the online form and get an instant quote from one of the valuators experts.

If you are satisfied with our valuation, bring in your watch to us or send it. We will pay you via your preferred method of payment immediately.

Why Choose To Buy Pre-Owned Jewellery Over Brand-New?

Buying pre-owned jewellery, be it a ring, bracelet or a watch, is much more sensible due to many factors, rather than buying brand new ones.

If you like collectable jewellery which has distinctive features and want to pass it to your children and grandchildren, listed here are the top reasons for diving into the second handed market.

1) You Become The Owner Of A Piece Of History

When you own a brand new piece of jewellery, there is that exciting feeling of being the sole owner and the first person to set hands on it. However, when you buy a pre-owned collectable, there’s something mystically attractive about it. The beauty of it is that the pre-owned piece you are buying might have been handcrafted with age-old expertise and artistry that present day jewellery makers might have never heard of. Hence, it cannot be substituted or faked.

Possessing collectable vintage jewellery or an age-old wrist watch means you become the only remaining link to an episode of history. The origin of it and the story behind the jewellery creates a magical feeling of mystery. Chances are, you might be wearing something owned by royalty.

2) Excellent Quality

Some of you might have felt the disappointment of buying brand new jewellery that you love, having to see its glitter gradually fade away, resulting in permanent damage. In contrast, if you purchase a used collectable bracelet or a ring, you may rest assured of its longevity since it has stood the test of time, and you know you have bought a magnificent piece that will decorate your wrist for years.

Collectible wearable was made to last long from the highest quality material. So, why waste your cash on something that doesn’t have a lifelong guarantee?

3) Wider Range Of Selections

Currently, they do jewellery manufacturing in large batches, which often limits the degree of variety in designs. Many times, you will find yourself limited to a few collections that are on offer that particular season.

Conversely, when you opt for pre-owned pieces you have assurance you will have many to choose from; limited editions, unique designs, vintage jewellery and even more.

4) Fashions Go In And Out Of Trend – Classic Pieces Stand!

Fashion and styles are subject to change as the seasons change; new ones appear, and old ones resurface just as often. Apparently, vintage styles that reappear have invaded the industry more often than not, giving proof for the authenticity they possess. Given the era of the design, you might find yourself fondling a designer masterpiece that will be on a fashion ramp or a luxury designer collection in a few months’ time. Instead of going after low-quality jewellery, you will be the proud owner of an authentic masterpiece that inspired modern day designers.

5) You Develop Your Style Of Wearables

As described above, purchasing second-handed jewellery provides you with a lot of options to explore, probably more than you ever imagined. Simple or extravagant, Vintage or modern; whichever is your preference, purchasing second-handed jewellery helps you bring about your unique personal fashion standards to its latest heights. Irrespective of the fashion era you choose to buy from, you will find distinctive features that stand out from the other designs and makes.

6) Find Valuable Collector’s Items

For most individuals, purchasing second handed pieces is all about the money they put into it which is particularly true concerning luxury watch brands. With popular ones like RolexBreitling, and Omega that people so much long for, it’s unavoidable that a few will increase in demand due to the scarcity and will start to become expensive. This occurs primarily when a given brand or model cease its production. So, if you manage to set your hands on a second handed edition of an exceptional timepiece, rest assured you’ve struck gold with a wise investment.

7) Better Value For The Money You Spend

It is needless to say that second-handed jewellery will be way economical than purchasing brand new pieces. Based on the brand and the era it was manufactured, you can buy a few second handed masterpieces at half the price of a similar brand-new piece of jewellery.

As elaborated earlier, not only you’re paying for the jewellery piece, but also you get pretty much more than when buying a brand-new jewellery piece. Also, you possess the legend and history each priced gem carries. Who wouldn’t desire a majestic ring, or a vintage wrist watch which was made to stand for ages?

After all, it isn’t just about the money you spend! Of course, why on earth should someone ever select anything other than pieces of pre-owned jewellery? You are bound to own jewellery made of highest quality materials, in both impressive modern and classic retro-vintage designs, more often at a highly reasonable price.

Feeling enthralled after reading this? Well, feel free to explore our amazing collections now, and who knows what kind of a precious masterpiece you could bump into to possess for the rest of your life!

Is My Rolex Watch Genuine?

Introduction

If you want to know if you have a genuine Rolex watch, it is necessary to know how to find the two identification numbers used in any Rolex watch. One indicates the date when the watch was manufactured and the other indicates the watch’s model. Model numbers are also called reference or case numbers.

A genuine Rolex will have a unique serial number engraved on the watch. Using the watch paperwork and the serial number, you can tell the approximate date when your watch was manufactured. This article will help you know how you can find the serial number of your watch without a lot of hassle.

Rolex Serial Number: The Special Identifier

Every watch that Rolex makes has a unique way of identifying it: the model and serial number. You can find the Rolex model number on the paperwork, recorded as a style or model number. If you do not have the paperwork, use this guide to find it.

Get a push pin. In order to view the model number, hold the Rolex band at number 12. You will find a small pin on the lug. Press your pushpin onto the band pin as you steadily hold the band. Repeat the process on the opposite side of the lug. Uncover the band to reveal the model number, and remember to jot it down, then return the band to its place. As the pin sticks out, line up your end of the band using the lug. Push the Rolex pin in using the dull side of the push pin until a pop sound is heard. Do the same on the other side. In order to reveal the serial number, repeat the same process, this time using the 6 o’clock end of your watch’s lug. The model number of your Rolex watch is a 4-6 digit number that you can locate on the paperwork that came with the watch.

Conclusion

Since the market has numerous counterfeit watches, it is necessary to authenticate yours by checking the serial number. Also, find a trustworthy dealer if you need to sell or buy a Rolex watch. The Luxury Hut is an experienced company that you can rely on when it comes to Rolex watches.

Tips For Buying Pre-Owned Or Second-Hand Jewellery

Jewellery adds elegance to a woman’s attire. When you plan to buy second-hand jewellery, you need to consider many things, like personal choice, the availability of what you’re looking for, through to checking the authenticity of the jewellery and making sure that you get the right value for your money.

We at The Luxury Hut have the experience to guide you through the process of buying pre-owned jewellery, helping you make the right decision. We will help you to check the authenticity of the second-hand jewellery when you buy from any seller. We also have a large range of second-hand jewellery in stock for you to choose from.

Why Go For Second-Hand Jewellery?

Price is the main factor when you buy jewellery whether new or second hand. Besides cost, several other factors determine the reasons for purchasing second-hand jewellery.

  • Value for money

For many reasons, people often sell relatively new jewellery which they have hardly worn.  Price depreciation is something you need to consider when you buy brand new jewellery, whereas with a good quality, pre-owned item you can pay a much lower price.

  • Saving the environment

Buying pre-owned jewellery will reduce the demand for new jewellery, hence there will be less of a burden on heavily mined areas. In some ways, buying second-hand jewellery will contribute towards a more sustainable environment.

  • Vintage pieces

You can make your very own style statement with second-hand jewellery if you find some rare vintage pieces. If you’re lucky, you might find some great pieces of jewellery belonging to a different era.

  • Distinctive items

Sometimes you can see unique samples that cannot be accessed easily as new. This enables you to be individualistic in your choice and taste.

There are times or occasions that you have to buy new pieces of jewellery as there is no other option. It is an investment that you can pass down your generations or such pieces can be given as a gift to someone on a special occasion like a wedding.

For people who are interested in antique or vintage jewellery pre-owned jewellery is the answer. You have the choice of being different and at the same time have the advantage of adding such unique pieces to your collection. At times pre-owned pieces of jewellery can initiate interest and fascination about its meaning and origin, e.g. Family heirlooms often have a story of their own.

Ensure That The Second-Hand Jewellery Is Genuine

When you are buying second-hand jewellery from a store or online, you should do so with curiosity but with an open mind. You need to, first of all, establish the genuineness of the items you intend to buy, getting full value for your money. Be sure of the authenticity of the items to avoid disappointments later in case you plan to resell the items at some future date.

If you are purchasing second-hand jewellery from a private dealer, you will have to arrange to ensure the authenticity on your own. But at Theluxuryhut.com we take great pride in having an experienced and knowledgeable in-house team of gemmologists who possess the necessary qualifications. They are experts in their field and can check the authenticity of the second-hand jewellery effectively and efficiently.

Several factors can help in checking the authenticity of second-hand jewellery and detecting fake products too.

  • Stamp or Hallmark

Check for hallmarks or stamps stating the carat rating of gold jewellery like 9ct(375), 14ct(585), 18ct, or 22ct for white gold or yellow gold. Second-hand silver jewellery has a stamp of standard 925.

  • Magnet test

Try doing the magnet test on your own jewellery to check the genuineness of the metal. Real gold will be unaffected by a magnet, not sticking to it. On the other hand, jewellers test gold using scientific methods like an XRF gun or the acid test which can check the purity by creating an X-Ray of the jewellery.

  • Brands

Brands like Tiffany & Co. always have a hallmark stamp on their jewellery. Look for such stamps when you buy a pre-owned piece of jewellery.

  • Certificate of Authenticity

All items of jewellery come with a certificate of authenticity from WGI, GIA or IGI. Although this is not always the case, you can certainly check when you buy second-hand items.

  • Necessary documents

Ensure that the documents coming with the second-hand jewellery are genuine. Beware of forged documents! You can easily identify forged documents by spotting things such as spelling mistakes, blurred printing or improper text.

The Luxury Hut Pawnbrokers Review

Perhaps you found yourself in need of some additional cash for whatever purpose. You don’t have a good credit and you cannot get a bank loan. You can try to sell some of your jewelry. But there are complications. You may ask “How do I sell my watch? How do I sell my ring? How do I sell my necklace?” We understand that not everyone knows how to do that. We understand that you care about your own possessions. You don’t want to get scammed into giving them away without receiving even a single penny. So, why not consider loaning them for some quick money? Yes, that service exists!

The Luxury Hut Pawnbrokers is one of the most trusted pawnbrokers in London. You see, all that you need to do is to give their valuators a call, and they will access your valuable and provide an offer for it. It is that simple.

You may then accept the offer and you will get cash instantly. You have a wide variety of choices of payments to choose from. You can get your money in cash, through a bank transfer or by other methods. It is entirely up to your arrangement for your own convenience.

What is best about Luxury Hut Pawnbrokers is the fact that there is no monthly payment. You only need to pay at the end of the loan term. If you have enough money, you can even redeem the loan early by simply paying the loan amount and the interest due. Plus, there is no early exit fee or redemption fee with Luxury Hut Pawnbrokers. There are no credit checks done, so you don’t have to worry if you have a bad credit. Still, to ensure credibility, you still need a proof of ID before you can enter into a contract with the Luxury Hut Pawnbrokers.


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