FAQs & Facts

Why Sell  Your Valuables to National Watch and Diamond?

 

National Watch and Diamond  is  a twenty five year old business with a major retail store located on Jewelers’ Row in Philadelphia.  We also have a large web presence.

Many online gold, silver and diamond  buyers are nothing more than people in an office looking to make a quick profit.

Our store  employs individuals with experience in the jewelry industry, both buying and selling.

We are able to maximize  the price we pay  for your valuables, whether it is a simple gold chain or large diamond.

 Our worldwide customer base generated from our existing retail jewelry and watch business,   enables us to be able to pay more for your items.   We are not like other online buyers who want to make a fast profit.

Our physical store in Philadelphia, allows us to stock much of what we buy and our extensive connections in the jewelry business for almost three decades enable us to know how pays the most for items we cannot use.

We also  offer higher prices for scrap gold and silver because of our existing retail business.  We do not need to make low offers to turn a larger profit.

 National Watch and Diamond offers Honesty, Integrity, Low profit margins and Excellent customer service.  Ship your items to our secure location today for a free no obligation price quote.

I paid $$$$ for my item. Why do I have an appraisal for $$$?

 

The price you paid for an item is irrelevant. Worth is determined by how much value the item holds AND how much profit the seller wants to make. Many people receive appraisals that are usually inflated to unrealistic amounts.

In almost all cases, appraisals make owners happy. These days, most insurance companies pay on replacement value versus appraisals.

Whenever you get an appraisal, ask the appraiser, “What do you think my item can realize?” or “What would YOU pay for it?”

Many times a store or vendor will tell you, “I do not buy this type of item, or “We have enough of these in stock”.  This is nonsense.  The store could never have enough of anything if they buy it at the right price.

Vendors tell you these things so they do not insult you with an offer that is probably far less than you are expecting.  If an auto dealer has 3 dark brown, high mileage Cadillacs, he will still buy the fourth at a price if he can make a profit.

Many times sellers are very surprised by the first offer they receive from us or others. We know this from our many years of experience.

Sellers often have unrealistic expectations about the value of their items. This is due to what they paid or what a relative told them the item was worth. Because of this, we suggest that you obtain contact three vendors you believe are honest buyers. Their appraisals should all be within 15% of the other.

Why do appraisals very?

Our company is very aggressive on certain items because we have a large customer base for them. These include high-end silver jewelry, Rolex ® Sport Models, larger diamonds and antique jewelry.

How can I get more? 

One way is if you can sell to the end user. This is not easy but certainly possible if you can overcome issues often associated with direct end sales.

What we pay is usually dependent on how fast we believe we can sell the item. If we can sell it right away, we are willing to work at approximately a 10% profit. If we have to inventory the item, then, obviously, we need to earn more.

Pins, Brooches, Stick Pins, and belt buckles are very hard to sell compared to other items. While many are beautiful, most take far longer to sell. Consequently, they are worth less. For example, a pin with three carats of diamonds in it is usually worth less than a bracelet with the SAME diamond weight.