Bostondiamondexchange.com affiliates offer a variety of services beyond retail /wholesale sale of diamonds and jewelry. Many of our clients, for one reason or another, are looking to either borrow cash against the value of their diamonds/jewelry or looking to sell their unwanted diamonds and jewelry outright. The jeweler network of bostondiamondexchange.com has provided pawn brokering services to local clients for more than 25 years. Whether you are looking for a loan or to sell your jewelry, the process is easy. Loans through our pawn brokering services are simple because the amounts borrowed are determined by the raw value of the items being pledged as collateral. This means your credit is not a factor, only the value of the collateral needs to be considered. If the principal and interest is not paid off during the specified term, the collateralized items are foreclosed and may be resold by the broker. Loan amounts are granted at rate of at most ½ of the price we as pawn brokers can expect to receive for the sale of a good during the worst of times, therefore assuring a profit will be made. Procedure All customers receiving loans or looking to sell their unwanted jewelry are required to present a positive picture identification issued by the U.S. government (driver’s license, passport, etc.). A thorough analysis of the diamond and jewelry items being sold or pledged as collateral is collected including customer information. The process is videotaped which simultaneously records the customer, the items and the transaction. Reports delineating details of these sales/ collateralized loan transactions are kept. The descriptions of items purchased or loaned against are sent to the Licensing Authorities daily, including a complete customer profile. These reports are reviewed by a special unit of the Police Department to ensure items are not stolen property. If you are interested in learning more about our Pawn Brokering services please use the contact form and a representative will be in touch with you shortly. Please list the items you are looking to borrow against or sell and a brief description of each.