How Much Do Pawn Shop Engagement Rings Cost

How much do pawn shop engagement rings cost

How much do pawn shop engagement rings cost. How much do pawn shops give for diamond rings. My fiance got my ring set engagement and wedding band for 400 from a pawn shop. However the study found that roughly half of couples will spend under 5 000 on the engagement ring though 20 percent spend more than 10 000. Similarly there are so many factors that go into pricing diamonds that you are better off leaving it to experts.

The two major components that give your engagement ring pawn value at the time of pawn are. The shop he got it from had an appraisal with it and the set was appraised at almost 1500 and it was in. Please note that pawn shops loan money based on wholesale jewelry value and the loan amount will be roughly 20 30 of what you paid for at marked up retail price at a traditional jewelry store. Pawn shops are convenient but they may not have the expertise to understand the value of your ring and make you a good offer.

An auction format can help you get a higher price for your ring especially if it is vintage or antique. You can either buy a pretty nice ring at the mall or a really nice ring at a pawn shop. The fact that precious metals are traded on the open market on a daily basis is why you can t get a clear answer on how much pawn shops give for diamond rings.