How to
Borrow Against
Diamonds in NYC

Curious about how to borrow against diamonds? Qollateral is here to help you unlock the hidden value of your diamonds with our luxury pawn services. Our reputation as the best pawn shop in NYC is no exaggeration. We’ve built it on a hassle-free, confidential, and fast loan experience—and we don’t use the word experience lightly. It’s the only pawn shop in NYC where you can lounge over a cappuccino in a comfortable, private office while you get a no-pressure loan offer against your diamonds—and walk out with an instant cash payment if you wish.

We’ve completely reimaged what loans against diamonds look like. Let’s take a look at how Qollateral does things differently (read: better).

Why Borrow Against Your Diamond with Qollateral?

1. Exceptional customer service

Our customer satisfaction is our driving force, and we take pride in providing high-touch, white glove service throughout the lending process. Our years of experience in the industry have earned us a reputation for honesty and reliability throughout New York. We go above and beyond to make the process as simple and seamless as possible, and also to make you feel welcome and valued while you’re here.

2. Secure storage

We understand the value of your diamonds, not only financially, but many times sentimentally. Your precious gems will be safely stored in our state-of-the-art vaults in our offices in the International Gem Tower, the most highly secure building in New York City. It doesn’t get any safer than that—in fact, your diamonds are safer with us than they are in your possession. All assets are also fully insured by Lloyd’s of London.

3. Confidentiality guaranteed

Our discreet and professional team will ensure that your collateral loan is kept completely confidential. We will ensure that your visit to our office is as private as possible. There are no credit checks, and we don’t ask about your financial situation. We also do not report the details of your loan or your visit to any outside party. And of course, we never sell your information to external marketing vendors.

4. Transparent terms

Our staff will walk you through the entire process, ensuring that you understand the terms of your loan, as well as your repayment options. Questions are always welcome, and we’ll always offer an honest response. Our goal is to empower you to make the best financial decision for your unique situation, so we present all the information you need to decide for yourself if a collateral loan is right for you. If it’s not, we support that decision too.

5. Instant cash

Turn your diamonds into immediate cash without the lengthy approval process or credit checks. Our expert appraisers will assess the value of your diamonds and offer you the best deal. Many of our customers are surprised to find out how much their assets are worth, particularly diamonds and gold. You likely have some hidden potential at home in your jewelry box that can give you the financial flexibility you need.

What You Should Know About Loans Against Diamonds

Now that we’ve outlined what you can expect when borrowing against your diamonds at Qollateral, let’s dive deeper into what you should know when considering a collateral loan with us.

There are several factors that make a diamond hold value, which will affect the amount of a monetary loan when borrowing against a diamond. The most essential is whether it is a natural diamond (also known as a mined diamond) or a lab-grown diamond. The latter is far less valuable, and we’ve gone into detail on why that is in our blog post, Borrowing Against Diamonds: Choosing Between Natural and Lab-Grown Diamonds. We currently do not offer collateral loans against lab-grown diamonds. (You can check out a list of the assets we do accept here.)

Another factor is the diamond’s quality, which you may know as the 4Cs—clarity, cut, color, and carat. We’ve gone over the most desirable characteristics of a diamond in our Complete Guide to Choosing Diamonds.

Certified diamonds hold the most value, especially when the paperwork is presented with the stones. When you borrow against diamonds with a certification, you will likely have a higher value to loan against due to authenticity. We recommend keeping your grading certificate, along with the receipt and any other accompanying documentation, in a protective plastic sleeve to maximize the value of your diamond if and when you ever decide to borrow against it or sell it. This is on our list of things to bring to your appointment at Qollateral.

Why Are Diamonds Great Assets To Borrow Against?

Diamonds are a solid investment to borrow against, as they will always be valuable, whether you’re interested in loans on diamond earrings, loans on diamond rings, or loans on other diamond jewelry, or even on loose stones. Finite in quantity and rare, there will always be a demand for natural diamonds. In fact, the value of diamonds can only increase as time goes by and diamonds continue to become more and more rare. They are universally desirable, precious, and timeless.

They are also extremely durable. Diamonds never tarnish or change in appearance. They can never be scratched. In fact, diamonds are among the hardest materials in the world and can cut through highly dense material with precision. You can be sure that your diamond will retain its beauty forever.

How To Borrow Against Your Diamonds At Qollateral

If you’re considering borrowing against your diamond, simply book an appointment to come in for a no-pressure loan offer. Should you decide you’re ready to move forward with a collateral loan, we provide instant cash payments, or a bank wire transfer if you prefer. It’s fast, easy, and completely confidential. We look forward to having the opportunity to serve you.