Top 5 Things To Keep In Mind When Selling A Rolex

A luxury watch is no less than a precious piece of diamond jewelry. If you inspect the market closely the demand for luxury watches will blow your mind. Moreover, the cost that people are willing to pay for a used Rolex in Pittsburgh will leave you speechless.

Various aspects make a luxury watch what is it. Therefore, it is important, that you scrutinize every important aspect when selling one. Here are a few tips for selling your Rolex watch:

First Determine The Value Of Your Rolex Watch

Even though the value of Rolex does not fluctuate easily, multiple factors can hamper the original value of your luxury watch. Factors like model number, condition, the ongoing demand, etc can appreciate or depreciate the value of your watch.

If you are trying to sell your Rolex watch then these five factors will influence the value of your watch:

• Reference Number Of The Watch:

The reference number of your watch can be easily found on the rim, on either side of the watch. You can also get hold of the reference number if you have the original paperwork from the time you bought it. The reference number can tell a lot about your timepiece and, therefore, it is the first thing that jewelers look into to determine the value of your watch.

• The Next Step Is To Check The Serial Number:

After the reference number, the serial number is considered the most important, when you are seeking a jewelry loan and want to decrypt the value of your watch. The serial number on the watch will tell you, the time during which it was made, which will further ascertain the value that you can receive against it.

• The Market Value Of The Watch At The Time Of Selling:

The market value of any significant timepiece depends on the uniqueness of the piece, and how much a buyer is willing to pay. The amount you paid for the watch will not be considered by any diamond pawnshop when calculating the monetary value of your timepiece. Even though a Rolex is extravagantly priced, you can not expect to get lump sum returns, until the model you are dealing with is rare and highly in demand.

• The Condition Of The Watch While You Are Trying To Sell It:

The condition of the watch affects its value magnificently. So, if you are trying to sell it make sure it is in good condition. NOS (new and old stock) preowned watches tend to provide a higher value than vintage ones. NOS watches have not rendered abrasive wear and tear and therefore, are in a pristine condition, which justifies their value. On the other hand vintage watches go through a lot of wear and tear which results in the deterioration of their condition and ultimately its value.

• The Original Box And Papers:

The original box of your watch along with the paperwork can reinforce the value of your watch at the time of selling it. The box assures the buyer that the watch is in good condition and was well taken care of. When you take your watch to any given pawnshop with the appropriate box and necessary paperwork, you are sure to get the value your watch deserves.

The buying of a watch is ruled by emotions as much as by the money one can afford. Therefore, selling one is not only about the money you will be getting but about the emotions you will be passing on.

If you are trying to sell your Rolex, or if you are still confused about where to sell diamond jewelry, no other pawnshop will match your expectations as much as Broff’s Diamond & Loan Co. They are the most trusted diamond buyers in Pittsburgh and are the best jewelry store if you want to buy or sell your valuable items.