If you need quick cash, pawning jewelry you don’t use is a great alternative. But what if you own a moissanite ring? Can you pawn it? In this blog post, we’ll answer this common question and give you a comprehensive guide on everything you need to know about pawning moissanite.
What Is Moissanite?
Moissanite is a mineral composed of silicon carbide that was first discovered in 1893 by French chemist Henri Moissan.
While moissanite can be found in nature, it is extremely rare (for example, some meteorites contain moissanite) and typically too small to be used in jewelry. As a result, most moissanite employed in jewelry is created artificially using technology to replicate the unique properties of natural moissanite.
Since Moissanite is more affordable than diamonds, it has become a popular alternative to diamonds as a center stone for engagement rings and other fine jewelry due to its unique fire and brilliance.
Can You Pawn Moissanite?
The answer is that you can usually pawn a moissanite ring. However, the criteria for pawn shops to accept your moissanite ring may vary depending on the pawn shop’s policy. So be sure to contact your local pawn shop in advance to ask them if they are interested in moissanite jewelry.
When pawning moissanite, keep in mind that this is a synthetic material and does not have the same value as a diamond.
Also, remember that when you pawn any type of jewelry, you’re essentially securing a collateral loan. The pawn shop will offer a loan based on the value of your ring, giving you a certain amount of time to pay back the loan with interest.
If you’re unable to repay the loan, the pawn shop will sell your item ring to recoup their losses. So make sure that you’re comfortable with the terms of the loan before agreeing to the transaction.
If you are looking to get even more cash, consider selling your moissanite jewelry to a pawn shop. As a general rule, when you sell your items, you can usually get more money than when you pawn them.
AJ’s Super Pawn: Pawn Shops in Pomona and Chino, California
If what you need is a dependable, trustworthy pawn shop in Southern California, look no further than AJ’s Super Pawn.
We have locations in Pomona and Chino California. Give us a call today (Pomona: 909-622-0334, Chino: 909-465-5456) or fill out the contact form to get in touch with our team!