. How It Works - Diamond Banc

How It Works

TWO WAYS TO WORK WITH US

Option 1

MAIL-IN YOUR ITEMS

GET A QUOTE

Fill out our free and simple form describing your item. After reviewing your submission, our team of expert jewelers will contact you with an initial quote, usually within one business day.

INSURED OVERNIGHT SHIPPING

After reviewing our initial offer, we will provide you with a pre-paid shipping label to safely send in your item for an official evaluation. All shipments are insured by Jewelers Mutual and Brinks, so you can rest assured that you’re fully covered. You may also bring your item to one of our many locations.

RECEIVE CASH

Once your item has been evaluated, we will contact you with our official offer and arrange for an immediate payment via check or wire transfer. Don’t like our offer? No worries! Your item will be quickly returned to you. No risk. No obligation.

Option 2

VISIT US IN PERSON

GET A QUOTE

Fill out our free and simple form describing your item. After reviewing your submission, our team of expert jewelers will contact you with an initial quote, usually within one business day.

EXPERT EVALUATION

After reviewing our initial offer, we will provide you with a fully insured prepaid shipping label to safely send your items to our national headquarters for official evaluation. You are also welcome to visit one of our numerous locations nationwide to immediately complete your transaction.

RECEIVE CASH

Once your item has been evaluated, we will contact you with our official offer and arrange for an immediate payment via check or wire transfer. Don’t like our offer? No worries! Your item will be quickly returned to you. No risk. No obligation.

OUR PROCESS EXPLAINED

What Are the Benefits of a Jewelry Equity Loan From Diamond Banc?

How Does Shape Impact A Diamond's Value?

What Can Diamond Banc Do for Jewelers?

How Much Is a Pre-Owned Engagement Setting Worth?

How Do We Determine Our Loan Costs?

What Is the Difference Between GIA and Other Certification Labs?

How Are Our Loan Values Determined?

What Determines the Liquid Value of Pre-Owned Designer Jewelry?

Why is Diamond Banc the Best Jewelry Asset Loan Provider in the Nation?

Why Shouldn't I Sell My Jewelry on an Auction or Consignment Site?

What Is the Difference Between the Retail Appraisal Value and the Liquid Value?

What Liquidity Options Are Available with Diamond Banc?

What Is Our VIP Seller’s Agent Service?

How Do We Determine the Liquid Value of Your Diamond?

How Are Our Jewelry Equity Loans Structured?

What kind of assets does Diamond Banc accept as collateral for a loan?

Diamond Banc accepts several types of personal assets as collateral for a loan; including, Diamonds, Fine Jewelry, Luxury Watches, Gold & Precious Metals.

Have something else to offer? Diamond Banc is open-minded and entrepreneurial. We have provided loans on other types of assets as well, ranging from rare coins to high-end designer handbags. Contact us with the details of your item and we will do everything we can to assist you.

How do you determine the value of my item?

Our typical LTV (loan-to-value) ratio is 65% – 75% of the estimated liquid wholesale value of your asset. For example, say you purchased a diamond from a competitively priced retail store for $6,000. The wholesale value would likely be somewhere in the area of $4,500. We would then loan 75% of that value, meaning your loan amount would be approximately $3,375.

Does Diamond Banc conduct credit checks?

Diamond Banc does not conduct credit checks or employment verification on loans under $30,000. For loans $30,000 and greater, a simple background and credit check to ensure no pending insolvency. Diamond Banc does not report to any credit agencies and our loans are 100% private. In the event the borrower elects not to repay their loan, there is no negative recourse to the borrower outside of surrendering ownership of the pledged collateral.

Where will my assets be stored?

All assets are stored on site in one of our state-of-the-art, alarm protected, 24-hour security monitored, fireproof vaults. Your items are also fully insured for their full replacement value while in our custody.

What will the monthly payment be on my loan?

Your minimum monthly loan payment will consist of interest, security, storage, and insurance fees. This amount will depend on the total amount borrowed as well as the type and value of asset used as collateral, with rates as low as 2.5%.

Is there a minimum or maximum loan period?

Diamond Banc offers 30 day loans that can be extended for as many 30 day periods as the client needs. There is no minimum loan period, as our loans can be paid off in full at any time without penalty. What sets us apart from many of our competitors is the option to pay the loan down in increments as opposed to one lump sum payment. Any amount paid each month above the “monthly rate” will go towards reducing the principal balance therefore reducing your minimum monthly payment. This means our clients can take as little or as long as they need to repay the loan. You have the freedom to structure your monthly payments in any way that best fits your needs and financial situation.