Using an Engagement Ring for a Jewelry Equity Loan

Using an engagement ring for a jewelry equity loan as collateral is a great way to get fast capital.

The first step is to go to Diamond Banc’s loan form. Then, you select the diamond’s carat weight of the diamond in your engagement ring. And, if you don’t know the carat weight of the diamond, that’s okay too! When you securely mail your engagement ring to Diamond Banc, our jewelry experts will evaluate the true carat weight of the diamond.

Then, you are prompted to select how much you would like to borrow for your jewelry equity loan.

Next, you will be asked to provide any additional information that could be useful for the jewelry equity loan. It is optional to provide answers for these questions. You can provide the original purchase price, describe your engagement ring and attach any pictures. All of this information on this initial form is to help the jewelry experts at Diamond Banc provide you with an initial quote. You will usually be provided a free quote within one day of filling out the interest form.

Get funded for your engagement ring in 24 hours

After you accept the initial quote, Diamond Banc will provide you with a pre-paid, fully-insured shipping label. All shipments are insured by Jewelers Mutual and Brinks, so you can rest assured that you’re fully covered. When your engagement ring arrives at one of Diamond Banc’s offices, your package will be opened under video recording for your protection.

Finally, once your engagement ring has been evaluated, Diamond Banc will contact you with our official offer. Once accepted, we arrange for an immediate payment via check or wire transfer. If you don’t accept the final offer, that’s completely fine, your ring will be shipped back at no cost to you. No risk. No obligation.

Overall, if you’re planning to get a loan using your engagement ring as collateral, Diamond Banc is great to work with! Get started today. If selling outright — rather than borrowing — turns out to be the better fit, our step-by-step guide to selling an engagement ring online walks you through getting top dollar.