Are you thinking of taking a loan against your Fancy Color Diamonds?
If you are asking whether you should borrow funds against your fancy color diamonds, then you’ll want to know how much they’re worth at pawn shops. There are many different aspects that can contribute to the loan valuation of a fancy diamond. The best diamonds can sell for millions.
The pink star sold for $71.2 million in 2017. The flawless, oval diamond in question was 59.6 carat and broke two world records when it sold in Hong Kong. However, you’re unlikely to get that kind of valuation when you pawn your fancy diamonds.
A 74.53 carat fancy yellow diamond was sold for just under £3 million when it went to auction in May 2013. At the time, this was the highest auction price for a fancy yellow diamond and the most price per carat received for a fancy yellow diamond.
Even a low carat fancy diamond can sell for a lot of money, which is why these diamonds are so desirable at pawn shops. Any diamond that was bought before 2000 could be worth a lot more now at pawn shops and auction houses – in fact, diamond prices per carat have doubled since 2000 – and prices have increased ten-fold since 1960.
What happens when I decide to borrow money against my fancy color diamonds?
The first thing you need to do when you decide to get a loan on your fancy color diamonds is to schedule an appraisal with our pawnbroking team. When you arrive for your appraisal appointment, you will need to bring in your fancy diamonds for our in-house, experienced pawnbroking team to value them.
As a reputable pawnbroker, we are able to offer same day loans on fancy color diamonds at our award-winning pawn shop in Mayfair, Central London. We have years of experience in valuing diamonds and each member of our team is GIA qualified. Our in-house diamond valuation team is led by David Sonnenthal, the resident expert appraiser on the Channel 4 TV show “Four Rooms”.
When we are assessing fancy diamonds for a loan, we look at the four Cs of the diamond: colour, clarity, cut and carat.
With fancy diamonds, colour is very important. All diamond appraisers use the diamond colour scale to assess the value of white diamonds. The diamond colour scale goes from D to Z. The closer the diamond is to Z, the less colourless the diamond is and the more yellow there is in the diamond’s tone. This can devalue your fancy colour diamond’s value at pawnshops.
However, there is a point when, if you progress further down the colour scale, the colour becomes a beautiful yellow shade. This is the point where the colour of the fancy diamond makes the diamond more valuable to pawnbrokers. There are other colours that can be found in fancy diamonds too, though, including blue and pink.
Once we’ve come to a valuation of your fancy color diamonds, and you have agreed the loan terms, we will present you with a seven-month contract, regulated by the FCA. There are no credit checks and you will receive 100% of the loan amount as soon as the contract is signed.
How about fancy yellow diamonds – can I finance it?
Fancy yellow diamonds are now being incorporated into high-end jewelry by some of the most exclusive designers.
As fashion and demand drive the market, this means that your yellow diamonds are likely to command a high value if pawned or sold, whether they are sold on their own or set in jewellery.
Fancy yellow diamonds are very rare in nature, which means they can often command a higher loan price at pawn shops depending on the exact shade. Only around one in every 10,000 carats is naturally colored, and although yellow is the most common color to be found, it is still rare by any standards. In December 2018, a chicken egg-sized, 553-carat yellow diamond was discovered in North America, the largest such stone ever found, and Russian diamond group Alrosa have already said that colored diamonds will be highly sought-after in the coming years.
Assessing the value of a fancy yellow diamond can be complex. A very pale yellow shade will often be given a low price tag, but beyond a certain point, when the stone begins to take on a distinctive yellow hue, the diamond will be worth a considerable amount at pawn shops. If you choose to sell your fancy yellow diamonds, then all these things will be taken into consideration by the team at New Bond Street Pawnbrokers.
WHY ARE SOME DIAMONDS YELLOW?
The first image that comes to mind when we think of diamonds is a stone that is white and sparkling. This should not be surprising; not only are these the most common type of diamond used in jewellery, but this is also the sign of a chemically and structurally pure diamond.
However, things are sometimes made even more beautiful by their flaws. The inclusion of other minerals such as nitrogen in the structure of the diamond can lead to diamonds that are green, blue, yellow, or red.
FAMOUS FANCY YELLOW DIAMONDS
There have been several fancy yellow diamonds of great size, color, and cut. One of these is the 128.54 carat Tiffany Yellow Diamond, discovered in South Africa in 1878.
Another fancy yellow diamond with an interesting past is the 43.51 carat Golden Eye Diamond. This diamond was believed to have been discovered in South Africa, but its origins are unclear. In 2007 the diamond was seized by the US government as a result of the money laundering charges brought against the diamond’s owner.
How can I book my appraisal?
Please contact our team at our New Bond Street office, call us or fill in an online form. We will book you in with our quality in-house appraisal team where we can assess the loan valuation of your fancy diamonds. Book your appointment now.
To learn more about our loans on diamonds or pawning your fine jewellery please visit our dedicated webpages. We offer loans against the following types of diamonds: 2 carat, baguette cut, blue diamonds, cushion cut, emerald cut, fancy color, marquise cut, old cut, oval cut, pear cut, pink, princess cut, and GIA-certified diamonds.
Similarly, some of the many loans we offer are against various types of fine jewellery: diamond earrings, diamond necklaces, diamond rings, and fine brands of diamond jewelry such as Graff, Van Cleef & Arpels, Bulgari, Harry Winston , Tiffany and Cartier to name just a few.
*We are authorised and regulated by the Financial Conduct Authority