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Whether you want to liquidate your jewelry and/or watches or you want a collateral loan, Raymond Lee Jewelers is the absolute best option if you live in South Florida. We pay the highest prices and offer the best collateral loan terms for fine jewelry, high-end watches, gold, gemstones and even designer handbags.

We’ve been buying jewelry and watches and offering collateral loans for over 30 years. We have an A+ BBB rating, so you know you can trust us. We pride ourselves on offering the best value and providing fair, honest business dealings. 

Our staff consists of certified gemologists and watch connoisseurs, so we know exactly how to value your pieces, unlike many pawnshops who are simply part-time jewelers.

Moreover, at Raymond Lee Jewelers, everything is confidential, safe, secure and completely pressure-free. There’s no reason not to visit us, at the very least you can have your jewelry or watches evaluated just to see your options for a collateral loan or liquidation. 

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Read on to see if liquidation or a collateral loan is right for you, and learn about our fine jewelry and luxury watch liquidation and collateral loan processes. We’ve also included the most frequently asked questions, so you can get answers now. 

Should I sell or get a loan on my jewelry & watches?

Let’s first go over the difference between liquidating jewelry and watches and getting a collateral loan.

Collateral loans are a fast, hassle-free way to borrow money without a credit check. The loans are based on the value of your collateral (i.e. jewelry or watch), not on your credit rating or payroll schedule. 

A collateral loan will get you cash in hand, on the spot. The term periods and interest rates vary depending on the lender. If you can’t pay back the loan in full, including a pertinent respite, you can often opt for a renewal to give you more time or you can choose to forfeit your collateral as payment in full. 

Liquidating your jewelry or watches means you are selling them to a buyer at resale value. It is instant payment from a licensed buyer and dealer of jewelry. 

You can liquidate one piece or an entire collection of jewelry and/or watches. Both businesses and individuals can liquidate their jewelry and watches. 

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Now, to the question “Should I sell my jewelry and watch or get a collateral loan?

If you want the jewelry or watch back, or you have any doubt about selling it but you need the money, a collateral loan is your best option. Getting a loan on your jewelry can be a lifesaver and you can have it back when you are more financially sound in the future, so long as you make the monthly payments. 

However, if you need cash now and the jewelry or watch has no sentimental value, it’s something you can part ways with without regretting it, or you simply no longer wear it, it makes sense to just sell it. Moreover, the interest you pay on it can be saved and you can buy something new in the future when you have more disposable income. So if it isn’t something you really care about, selling is probably your best option. 

Some questions to ask yourself to find the right answer:

Do you still want this item? Is this item replaceable? Are you going to regret selling it? Do you feel confident that you can pay back the loan? 

All in all, both options are good depending on the situation. More importantly, you really want to find the right buyer or lender, as you can get a good deal both for liquidation and loan terms, and that will make all the difference in making your decision. 

This is why we want to present to you both of our options, so you can decide what is best for you.

After reading our collateral loan and liquidation processes and FAQs, if you have any questions, please don’t hesitate to contact us

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Collateral Loan Terms at Raymond Lee Jewelers

At Raymond Lee Jewelers, we offer the highest loan value for luxury watches and jewelry as well as the best interest rates and term periods. Rates and term periods are done on a case-by-case basis. Typically, the more valuable your item, the lower the interest rate. In any case, APR will never exceed 35%. As for term periods, we give you the time you need, which can range from 60 days all the way up to 10 years. You won’t find a smoother, pain-free collateral loan lender in Florida than Raymond Lee Jewelers.

Let’s have a look at our process, then we will cover the most frequently asked questions about our collateral loan service.

Raymond Lee Jewelers Collateral Loan Process

Bring your jewelry and/or watch to Raymond Lee Jewelers so our expert appraiser can evaluate the value of your collateral. The value will depend on the item at hand and the current market. Once we give you the value, we will tell you exactly how we got to that number. After that, we discuss loan terms and interest rates. The loan terms are negotiable and interest rate will depend on both the value of your item and the term period. From there, if both parties are in agreement, we ask the borrower to present proper photo identification so we can enter it into our computer system with a thorough description of the merchandise. Lastly, a signed contract and pledge receipt are produced and the cash is handed over to the borrow immediately. We take possession of the asset, keeping it in our state-of-the-art vault, which includes 24/7 surveillance and alarms. When the loan is fully paid off, the borrower can return to Raymond Lee Jewelers to pick up the merchandise. 

FAQ about Raymond Lee Jewelers Collateral Loan Service:

Here are the most frequently asked questions about our collateral loan service for luxury watches and jewelry. This should answer all of your questions, but if not, feel free to reach out to us. 

Why is your collateral loan better than a pawnshop loan?

At Raymond Lee Jewelers, we offer longer payment terms and lower interest rates. Moreover, we offer a higher value for jewelry and watches as we can actually appraise them for what they are really worth. Most pawnshops are not as experienced at appraising fine diamond jewelry and watches, so they can’t give as accurate of a value. They minimize their risk of appraising it wrong by offering you a lesser amount than it may actually be worth. Now, this may not be the case with all pawnshops, but we’ve found it to be the case with the majority. Regardless, our collateral loan terms are far better. 

What items are accepted for a collateral loan?

We accept fine gold & platinum jewelry, with or without diamonds. Jewelry from a designer brand will be more valuable, as will designer jewelry, with or without signatures. 

Designer pieces include, but are not limited to: Tiffany, Cartier, Roberto Coin, Chanel, David Webb, David Yurman, Bulgari, Van Cleef & Arpels, Seaman Schepps, Schlumberger, Shreve Crump & Low, Faberge, Fouquet, Garrard, Georg Jensen, Asprey, Boucheron, and Buccelatti.

We also accept luxury watches, especially from Swiss watchmakers. Most high-end Swiss watches will be accepted. 

Luxury watches include, but are not limited to: Audemars Piguet, Blancpain, Breitling, Breguet, Bulgari, Cartier, Chopard, Corum, Ebel, Franck Muller, Gerald Genta, Harry Winston, Hublot, IWC, Jacob & Co., Jaeger Le-Coultre, Omega, Panerai, Patek Philippe, Piaget, Richard Mille, Roger, Dubuis, Rolex, Tudor, Ulysse Nardin, Van Cleef & Arpels, Vacheron Constantin. 

If you have scrap gold, gold coins or bullions or loose gemstones, we may also accept that for a collateral loan. Typically it depends on the amount and the size of the diamond and precious gemstone. 

How do you determine the value of the collateral?

The value of your jewelry or watch will be valued based on the following factors: Brand/Manufacturer, Condition, Material, and Gemstones, as well as the Current Market Value.

All of the above points will determine the value of collateral for a designer piece. For non-designer brand items, we look at the intrinsic value of the material and stones based on the current market value, which changes literally by the minute (nevertheless, it is quite stable). For diamonds and gemstones, we look at carat weight and other gemstone grading factors. Any high-quality stone above .10 carats will have some value.

How much is my watch worth?

How much is my jewelry worth?

Note: For scrap gold, coins, and bullions, our average LTV (loan-to-value) ratio is 60-75% of the liquid wholesale value.

Why is the loan value so much different than what I paid for it?

There will always be a big difference between a retail price and resale value. First, the retail market is tremendously inflated. The instant cash market pays closer to the actual value of the material that makes up the jewelry and the second hand value of the watch. Second, we have to think about depreciation, demand, and our ability to sell the item if you were to default on the loan. Finally, we have associated overhead costs that we need to consider. 

For designer jewelry and luxury Swiss watches, some pieces may actually land you more than what you paid retail. This applies to vintage pieces and highly coveted jewelry and timepieces from brands like Tiffany, Cartier, and Rolex.

All in all, we aim to pay the highest price possible while making sure it is sustainable for us as a business. We want it to be a win-win situation for both parties, that way we can continue providing this service and satisfying our borrowers with good value and terms.

Note: An insurance appraisal represents the retail replacement value, not the resale value. So, you can’t assume your insurance appraisal is what you will get for the loan as they are inflated the same standard as way retail prices. In other words, an insurance appraisal will never represent the true value of the item. 

Do I need an appointment?

Nope, you can simply come into our showroom to get started. That being said, you can make an appointment if you’d like. 

How long does an evaluation take?

The process is very quick. However, it depends on how many items you are having evaluated. Our appraisers are experts so they can accurately value your item in no time. 

Also, evaluations are done in our private office right in front of you. 

If I don’t accept the collateral loan value/terms, do I have to pay for the evaluation?

No, our evaluations are free and there is no pressure for you to accept the loan. 

If I want to “shop around” to see if I can get a better price, will you still honor the offer if I return?

This depends on if the market has changed. The gold market changes daily, so there may be some adjustments in the valuation.

Note: If you can show us a better valuation from another jeweler, we will match it. However, we highly doubt that will happen as we are known for offering the best deals. 

Can you give a quote on an item over the phone?

We can try to give you an estimate, but we will need to evaluate it in person to give you a true valuation. 

Will I get cash immediately when I accept the collateral loan terms?

Yes. Payment is paid immediately in cash. If your loan is very high, we can also pay by bank wire or check.

Do I need to fill out an application for a collateral loan?  

We do not require an application. 

What information do you require for a pawn loan?   

All we need is a government issued photo identification and then we create a signed contract and pledge receipt. 

Do you run a credit check for collateral loans?  

There is no credit check needed. The loan is solely based on the collateral.

Will a loan affect my credit?

We do not report anything to credit reporting agencies. It is all based on your collateral. So even if you default on payment, it will not affect your credit.

Are loans confidential?

Our collateral loan service is entirely private and confidential. The only thing we do is report the loan to the local PD per our legal obligation. 

How long is your collateral loan? 

Our collateral loan terms range from a minimum of 60 days up to a maximum of 10 years. This depends on the agreement made between us, the lender, and you, the borrower.

What will the monthly payment be on my loan?

At a minimum, you will need to pay the monthly loan payment, which includes interest, security, storage and insurance fees.

More importantly, we offer a variety of custom-tailored loan terms so we can meet your specific needs. We pride ourselves on providing the most innovative, borrower-friendly luxury asset-based loans. 

Do I have to pay the interest & charges for the length of my loan agreement if I pay it off early?  

Absolutely not. You will only need to the fees for the time that you loan is open. When you pay off the loan in full with the fees for the time period it was open, the loan is finished and you will receive your assets back. 

Can I extend my collateral loan? 

Yes. You can extend the loan and there will be no additional fees or penalties. 

What is a collateral loan renewal? 

If you are unable to pay back your loan in full by the end of the loan term period, you can pay the interest that has accrued for that month and we renew your loan at no additional fee. 

Loans can be renewed as many times as you need, so long as you don’t default on your minimum payment. 

How can I make payments on my collateral loan?

We accept credit and debit cards, ACH transfers, PayPal, and cash in person.

Will I receive notification that my payment is due?  

Yes, we send an SMS or email to inform you that your payment is due each month. 

Will I get my jewelry and watch back?

Yes, of course! Once the loan is paid in full, you can come pick up your assets right away.

What if I can’t repay my collateral loan?  

We can extend your loan so long as you make minimum payment each month. If you default on your payment, we have the right to keep and sell your collateral and the loan terms are finished. You will not owe us anything if we keep your assets after default on the loan.

How do you keep my items safe during the loan period?

We place your item(s) in our state-of-the-art, alarm protected, 24-hour security monitored, fireproof vaults. Moreover, we have armed guards at all time during opening hours and your items will be insured. There is absolutely nothing to worry about. 

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Raymond Lee Jewelers Process for Liquidating Jewelry & Watches

Would you rather sell your jewelry and/or watches instead of dealing with a collateral loan? Raymond Lee Jewelers also buys jewelry and watches at the highest price in Broward County!

The process for liquidating your jewelry is simple, quick, and you will receive cash in hand on the spot. Here’s how it works:

1: Book an appointment or come to our showroom and speak with our jewelry & watch expert appraiser.

2: Have your jewelry and/or watches evaluated in our private office. It is completely secure and confidential. 

3: Receive offer and how we got to that price.

4: Accept or decline the offer.

5: If you accept the offer, get paid in cash on the spot. If you don’t accept the offer, no worries, the evaluation is pressure-free and it won’t cost you a penny.

FAQ on Liquidating Watches & Jewelry at Raymond Lee Jewelers:

Below are some of the most common questions we receive from people interested in selling their jewelry and businesses looking to liquidate their inventory.

Note: The value and appraisal questions from the collateral loan FAQ also apply to our liquidation process. 

What Jewelry & Watches are you Interested in Buying?

As with collateral loans, we buy fine gold, platinum, silver, diamond, and gemstone jewelry. We buy high-end luxury watches as well. 

We also buy scrap gold, silver, and platinum, gold bullions and coins, and loose gemstones.

What’s more, we even buy luxury designer handbags!

Items we are most interested in:

Jewelry from Cartier, Tiffany, Graff, Bvlgari, and Van Cleef and Arpels. 

Watches from Rolex, Audemars Pigeut, Patek Philippe, Cartier, Richard Mille, Omega, Tag Heuer, Hublot, Vacheron Constantin, and Franck Muller. 

Large, high grade, natural diamonds, sapphires, emeralds and rubies. How big? 1 carat and up for loose stones and you will have our interest!

How do you determine the value of jewelry and watches?

We value jewelry based on brand, signatures, condition, age, demand, material, and gemstones. If it is a private label piece, we will base the offer on the current market and its intrinsic value. 

We value watches based on the brand, market demand, condition, and age. If you have a watch from one of the top Swiss watch brands, we will most likely buy it, especially Rolex, AP, PP, and Richard Mille.

Will you match or beat a verified offer from a competitor on gold?

We will! If you can show us an offer that’s better than the one we gave you, we will match it without a doubt. Our goal is to be the highest payer for jewelry and watches in the area. We have been for decades and we don’t plan on losing the top spot.

Does a diamond certificate land me more money?

Typically, yes, if it is GIA certified. This will help us in reselling it so we do often pay a higher premium for diamonds with a GIA certificate. That being said, it also depends on the diamond at hand. 

My gold jewelry has no markings on it because they are old, how will you know how much gold it is?

We test every piece of jewelry we buy. So we will instantly know if it is 10K-24K gold. 

When will I be paid?

You will be paid on the spot after accepting the offer.

Do you pay by cash or check?

We can pay by cash or check. 

Can I buy back my jewelry or watch?

We understand that sometimes mistakes happen and people can regret selling their jewelry. If this happens, we can discuss buying it back with an administration fee added on top. It really depends, for our clients, we will always have your best interest at heart. 

That being said, if you think you may want it back, a collateral loan is a better option the outright selling it. 

Do I need an ID to sell my jewelry or watch?

Yes, you will need to bring a government issued photo ID. 

I own a jewelry business, can I liquidate my inventory at Raymond Lee Jewelers?

Definitely. If you have a large inventory of jewelry or watches and you want to liquidate, contact us and we can work out a deal with you. 

Learn more about selling your luxury jewelry at Raymond Lee Jewelers

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Liquidate or Get a Collateral Loan on Your Jewelry and Watches at Raymond Lee Jewelers Today

Raymond Lee Jewelers 
Address: 22191 Powerline Road #12b  – Boca Raton, FL 33433
Office Hours: 10AM-6PM Monday to Friday; 10AM – 5PM Saturday; Closed Sunday.
Phone Number: 561-750-7808

If you have more questions on how to liquidate jewelry and watches or get a collateral loan at Raymond Lee Jewelers, please feel free to contact us

Florida Jewelry | Luxury Watches | Raymond Lee Jewelers

Implications of non-payment: There are no financial implications. If no payment is made the loan simply defaults. Collection practices include sending a text message or email reminding the client payment is due. There is no impact to a client's credit score for late or non-payment. Loans are renewed when an interest payment is made. Maximum APR; 36%. There are no additional fees or penalties when renewing a loan. No loans offered are under 60 days. Early prepayment options that are available are not associated with any fees or cost. The loan is not required to be repaid within 60 days. The minimum repayment period is 61 days and maximum is 10 years. An example of a loan is: borrower takes $100, repays $106 in 90 days. Loan is fulfilled.

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