Sell Your Gemstones

At King Gold and Pawn, we aim to make every person feel comfortable by providing them with all relevant information about their inquiry. With testing and weighing your items on our calibrated and certified scales, we are your one-stop spot to pawn or sell your gemstones. We pride ourselves on assessing the true worth of your items and offering you the best possible deal, making for a hassle-free experience. Get cash for gems today!

Request your free appraisal today!

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What are Gemstones?

Gemstones, also known as precious gems, are natural or synthetic minerals that are valued for their beauty, rarity, and durability. They are often used in jewelry and decorative arts. Precious gems are distinguished from other gemstones by their exceptional quality and rarity.

Gems are often cut and polished to enhance their natural beauty and are used in a variety of settings, from rings and necklaces to brooches and earrings. Additionally, factors such as origin, treatment, and overall appearance also play a role in their valuation. Their value is typically determined by the "Four Cs": carat (weight), color, clarity, and cut.

Determining the Value of Gemstones

The key characteristics that define a gemstone are crucial in determining their value, beauty, and suitability for use in jewelry. Understanding these characteristics helps in evaluating, buying, and selling gemstones, ensuring that you get a fair value and appreciate the unique qualities of each stone.

Color

  • Hue: The actual color of the gemstone (e.g., red, blue, green).
  • Tone: The lightness or darkness of the color.
  • Saturation: The intensity or purity of the color.

Clarity

  • The presence of inclusions (internal flaws) or blemishes (surface flaws). A higher clarity usually means fewer inclusions and blemishes, leading to a more valuable gemstone.

Cut

  • The quality and style of the cut affect the gemstone's brilliance and overall appearance. Common cuts include round, princess, emerald, and oval.
  • A well-cut gemstone will reflect light effectively, enhancing its brilliance and fire.

Carat Weight

  • The weight of the gemstone, measured in carats. One carat is equivalent to 200 milligrams.
  • Larger gemstones are rarer and generally more valuable, although the quality of other characteristics also plays a significant role.

Hardness

  • Measured on the Mohs scale, hardness indicates a gemstone's resistance to scratching. Diamonds, for example, have the highest hardness rating of 10.
  • Harder gemstones are more durable and suitable for everyday wear.

Origin and Provenance

  • The geographical origin of a gemstone can affect its value, as certain locations are known for producing higher-quality stones. Historical provenance or ownership can also enhance a gemstone's value.

Treatment and Enhancements

  • Gemstones are often treated to improve their appearance, such as heating, irradiation, or dyeing. The presence and type of treatments can influence the value and durability of the gemstone.

Pawn or Sell Your Gemstones

At King Gold and Pawn, we have worked hard to establish ourselves as a trusted and reputable business for pawning and selling your gemstones and jewelry in New York City. We have expert gemologists on staff at every location to accurately appraise your gemstones and offer you the best price for your valuables. Stop by one of our locations today, no appointment needed, and we will offer to pawn or buy your gems for cash.

As one of New York Cityโ€™s top diamond buyers, we buy all types of gemstones as well as provide pawn loans for:

King Gold and Pawn Locations

Visit one of our many King Gold and Pawn shop locations across New York today for your free appraisal and have all your questions answered by our friendly and knowledgeable staff.

Request your Free Appraisal Today

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How Our Loan
Process Works

  • The minimum period for repayment of an AML loan is 60 days and the maximum period of repayment is 120 days or longer if you renew your AML loan.
  • You are not required to pay back the full loan amount for the first 120 days. If you pick up your loan the same day, you have to pay 1 month of interest (2.5%) for the purpose of securing and storing items in a vault.
  • Loans can be paid-off at any time during the loan term at no extra charge.
  • We will only charge for time in which the loan had a balance outstanding.
  • We do not charge interest on the interest amount added to the loan.
  • The Maximum Annual Percentage Rate (APR) for our AML Loans is 30%.
  • Here is an example of the total cost of an AML loan. If you borrow $100 for 120 days (4 months) at our monthly interest rate of 2.5% you would pay a total of $10 in interest for a total of $110.
  • All items will be returned to the borrower in the exact condition received after the loan balance has been paid in full. We hold the right to sell the collateral if the borrower fails to repay the loan as agreed.