ALL ABOUT JEWLERY & JEWELS

Pawn: Buy Jewlery and sale at clerance price

Deliver valuable assets in a pawnshop is to get money immediately, but pricing is 60-75% above their real value and paid up to 25% interest.  Maybe it has ever been in the position of needing money urgently and do not find ways to get it. You can not use more credit, but has assets from which to draw any cost: jewelry, watches great value ... If you want to make money delivering any of these items as collateral has two options: close to the Montes de Piedad Savings Bank, or go to mediation independent business-including even some booths are engaged " to grant credit in exchange for jewelry or other property, the traditional pawnshops. These entities are similar to the Montes de Piedad in performance, although they differ, among other things, the less amount of loan on the actual value of the goods, the high interest rates (between 10% and 25%) and because accept valuables of various kinds as collateral for the loans they make: precious metals, appliances, digital or video cameras, computers and even cars.

Those interested in obtaining a loan in a pawnshop should bring their pieces of value to the house in question, prior telephone appointment, for an expert perform an appraisal of the property. The practitioner will take into account market values when objects to tax the pledge, although the amount of the loan is usually 60% to 75% of the actual value of the property, according to data from some pawn shops, a percentage less than that offered by Montes de Piedad, which is 70% to 85%. A number of conditions to go to pawn something of value:

* Being an adult - requires the national identity.
* Signing a contract by ensuring that it is the sole owner of the property, and undertake to recover their jewelry or valuables within a specified period, which can be between 1 and 6 months, depending on the bent parts and entity concerned. During this period, you pay the loan plus an interest to be determined according to the jewel or question, but can range from 10% to 25% per month, depending on the entity.

Interest can range between 10% and 25%, and if not paid timely, the house passed to dispose of assets owned. In case you can not pay the debt within the agreed time, the borrower can extend this period if the debtor pays at least the monthly interest rate on the loan. However, if not paid timely or the amount borrowed, or their interests, the pawnshop can absorb the ownership of the property and sell it at your convenience.
Main pawnshops: Pawnshops are not grouped in an association, like the Montes de Piedad, so it's hard to know exactly how many exist in Spain. Among the best known, and those with more branches across the territory are:

* Eurosya: Accepts from jewelry to computers, motorcycles, digital video cameras and even cars (no need to physically leave pledge). They have branches in 13 regions and a website www.eurosya.com through which you can do some transactions.
* Superefectivo: Only accepts jewelry, and ensures that the rate according to international market prices. Your payment terms are 180 days renewable. His website is www.superefectivo.com
* Mayor Gold: Besides being pawnshop gold jewelry and also bought these items. Tel 915 228 431
* Cash Converters: The stronger the buying and selling second-hand objects, but also functions as a pawn shop that accepts all kinds of goods. www.cash-converters.es

The customers. The main customers of pawnshops are housewives aged between 35 and 50 years. In addition, most assiduous immigrant-, retirees and entrepreneurs with financial problems regularly use the services of these companies, which in many ways resemble the Montes de Piedad. Strain "are the main differences? The interest charged to borrowers and their gains are more pronounced differences between the services offered by some and others. For example, in the Montes de Piedad, the objects were not retrieved by their customers are auctioned, but if they are sold at a price greater than the amount borrowed, including interest, the entities agree to pay this income borrowers , according to the Spanish Confederation of Savings Banks.

In contrast, pawnshops can trade freely valuables that their customers could not recover and not give them any salary if the come to sell for a higher amount than borrowed money. In addition, they differ in the value of property valuation and the interest they charge, ma high in pawnshops, where between 10% and 25%.
Pawning technology. Pawnshops certain requirements applying to their customers when they want to pawn objects other than jewelry and precious metals. In the case of technology or appliances, we only accept items that have less than 12 months, and are in good condition. The computers must have up to one year old, video cameras and digital photography, less than six months because the technology depreciates rapidly, as indicated from the pawnshop Eurosya, a pioneer in accepting car and technology as collateral for lending.

Furthermore, in some cases, these entities may apply for bill or other proof objects that were purchased by the borrower to avoid the case of stolen property. This is appropriate in certain entities such as Cash Converters establecimeientos. If it persists a car or a motorcycle, the borrower can continue using them until finally settle debt. In the event that the item you want to pawn it a car or a motorcycle, the applicant shall submit to the house gave his identity card and driver's license and all vehicle documents (invoice, registration certificate, insurance , etc). The vehicle also must have no more than 10 years old. When it comes to car, motorcycle or boat as collateral for a loan, the borrower can continue using them, but if you can not pay the debt or interest in the time stipulated by the contract, the vehicles will be seized by the entity. Whether it's jewelry or other goods, pawnbrokers are required by law to send the police a list of all operations performed, to ensure that these objects come from theft or illicit activities.

Warning of the presence of jewelry from Asia that can cause allergic reactions

Contain metals in their composition beyond acceptable thresholds for human health. Jewl Technology Institute (AIME) has warned the market presence of an unknown number of jewelry from Asia that can cause allergic reactions or skin absorption of toxic metals due to abuse them in their manufacture, reports the Confederation of Consumers and Users (CE CU), which requires the authorities' accountability and transparency "in this case. The agency shall ensure that the jewels in its composition containing metals in excess "in most cases all acceptable thresholds for human health, such as cadmium, an extremely toxic metal.

CECU calls on the authorities to inform consumers about whether these products can reach the sale "if, despite being able to contain this type of metal, met with the amount of precious metal (gold, silver, platinum) necessary for the official certification . It also considers very important "to know how can the citizen, if he can, knowing the provenance of a piece of jewelry." The AIMME warning if it becomes more important given that we are at the gates of San Valentin, one of the main festivals in the purchase of expensive jewelry. Therefore, CECU advises consumers who purchase such products "recognized local, avoiding the bazaars and street stalls." The organization points out that all products of jewelry made from precious metals to be marked with a contrast authorized by an official laboratory (the mark of an ellipse in the case of gold, a silver rectangle and a diamond in platinum). You should also check the possibilities of exchange or return of these products and keep your receipt of purchase for any possible claim.

Jewelery: Where to store the jewels of value

The most used options are renting a box at a bank or have a safe home. The jewels, as well as an aesthetic and sentimental, are a worthwhile investment with an undoubted economic interest. To keep it safe, confident that they will be exposed to foreign hands, owners can choose to rent a safe deposit box at a bank. If you want to keep them at home for convenience-if, for example, are used frequently and have not only as an investment, the best thing is to have a safe at home or with an effective security system. Following the financial crisis and the consequent discrediting of deposits and the stock market, there are many who have chosen to invest in an alternative, such as the purchase of jewelry. Whether you are an investment as if they have inherited, to bring these precious objects in a bank is a good decision, and perhaps the safest. For the bank to become the guardian of them, simply request a security box service, which offers customers a closed and shielded to deposit as it deems appropriate, in exchange for paying a fee to the entity. The box or the bank will allow access to the site on a schedule agreed upon, and sometimes require the signature in a guest book. The bank has no knowledge of what is deposited in the box, but he rents it undertakes not to introduce objects of traffic or hazardous elements.

The rental demand for boxes has increased by 50% since the start of the crisis. The Bank as custodian. The service of safes started to lend in the second half of the nineteenth century, when it was founded in 1861 in New York Safe Deposit Company. Followed their example the National Safe Deposit Company Limited, founded in London, where the custom spread to the rest of Europe. The security cameras are guaranteed, in the case of Spain, the Ministry of Interior sets the parameters of vaults and safety deposit boxes, which "must have the characteristics and the resistance level set in the Order of April 23 1997. " For example, traditionally called safes must have an automatic opening system must be activated delayed during the working day, in the case of car compartments cameras, electronic detection system attacks must be connected 24 hours day.

Despite being a simple process, rent one of the above cases is to wait a fairly long period of time (which can be several months) if you are not a regular customer of a bank or important as the main safe, amounting to more than 10,000 in the Spanish banks are filled. In addition, demand for the boxes is clearly increasing, and industry sources say has increased by more than 50% since the beginning of the economic crisis we are going through. And despite the fact that a service is not exactly cheap: the cost of an annual base rent is between 400 and 600 per year, each visit has a cost (minimum of 3 euros), you must obtain insurance and, sometimes, make a deposit at the start of an average of 300 euros. In short, they pay about 800 euros per year. If the jewels are deposited in a bank, with a sudden and if necessary call for any missing, should be taken into account:

* Before storing, should be assessed and certified by an insurance company or a jeweler.
* The best evidence to prove what you have in a bank is making an affidavit of the contents of the safe at the same bank.
* You can store photos of festivals or events that have been worn jewelry.

If storing in the house could be considered:

* Security is an investment not an expense.
* If you decide to install a box, should be approved.
* You must be wary of comments should not boast of what we possess.
* It is recommended to install a security system according to the objects to be protected, designed by a professional.

Jewls & Jewlery: Credits pledge

Faced with an unexpected situation or particular need, jewelry, artwork and other items of value may serve as a deposit and a guarantee of a rapid funding. The loan collateral is the loan that is granted against a guarantee that takes the form of clothing or valuables such as jewelry, furniture, artwork or other valuables. Now under that name baptized bit easier to identify, Castilian language dictionaries have another one known as "hard object". His mechanics are the following, good intent is deposited in the state of credit, lender or creditor to ensure fulfillment of the obligation. In case of default by the debtor to pledge as collateral can be sold or auctioned and thereby satisfy the loan. This system is typically used in pawnshops, where the garment is available for public purchase, or homes inventory credit. But also some savings, through the Department of Monte de Piedad, have decided to increase its offer with this product credit to customers. Spain Fund, Cajasol, Cajamar or Unicaja are some of the entities that have relaunched this product through loans that meet these characteristics.

Gems and jewelry Guarantee: Jewelry, artwork and other goods of high economic value and can serve as a deposit to guarantee a quick finaciación. The credit function of this pathway is very simple: just deposit into a savings assets of considerable value in order to have cash in short-term optimal conditions. It is done mainly through the Monte de Piedad in the boxes, and the guarantee of the loan are those pledged assets. In any case, the borrower does not lose ownership of the property, which may recover with excellent facilities. Also, if desired, may ultimately opt for the sale of auction items. The borrower may recover their property with many facilities or opt for sale by auction

Many savings banks that have so-called "collateral loans, with which it is possible to obtain credit on favorable terms, with the guarantee of jewelry or jewelry that are put away until the time of the cancellation of the loan. These operations are performed in certain centers of the savings banks that issue this product. After the period of the loan collateral, if not canceled or renewed, we proceed to public auction of the property pledged. The auction is done through a bidding system "to level", ie allocating the object to the highest bidder. It also provides for the participation by the system of "open statement", in which the client gives written order to be bid on their behalf to the limit of certain amount. The difference or "surplus" resulting from the cancellation of the loan and auction expenses is available to all license holders. This kind of credit offers a dual mode for those who want to hire them.

* Loans secured pledge of jewels: El Monte de Piedad of the savings bank that issues credit offers immediate assurance jewelry and valuables.

* Loans secured by collateral security investment funds: To access this loan is required to pledge an investment fund which shall be awarded to the borrower prior to loan approval. The amount granted in the case of boxes sold by Spain, for example, may not exceed the following percentages on the net asset value of the fund at the time of pledge: 90% FIAMM funds, guaranteed funds and other funds 90% 75%.

This latter form of loan collateral is usually given a period of up to 24 months with an interest rate indexed to Euribor plus 0.5 points. It does not include fees or early cancellation depreciation. Also opening in operations up to 12 months, although for periods longer than that is around 0.10%.

Advantages and disadvantages: Among the advantages of going to such financial products are the following:

* It is a  fast credit
* No income requirements or equity grounds (payroll, income tax statement, etc.)..
* Jewelry and art are well guarded.
* Ability to cancel at any time.

However, these credits suscribirr also involves certain disadvantages for the user, resulting in the following situations:

* Assumes market with items of great sentimental value, historical or economic risk to be damaged, but not usual.
* It comes to them to resolve particularly difficult situations.
* Involves rid of personal property of great value: jewelry, artwork or jewelry.

Terms of auction

Every auction has a number of conditions by regulating its mechanism. These are some of the requirements for normal development:

* You can choose to auction by personal attendance or through the bidding system "closed." In the latter case, the payer must deposit 20% of the "output value" of the lot to which the order refers to the day of the start of the session of the auction.
* When the price of the lot being auctioned during the bidding reaches an upper section of the ladder, the successive bids shall conform to the "bid increments" on it.
* The sealed cover containing bids shall be opened once the auction the lot to which they relate, that being awarded to the highest bidder.
* If the sealed bid exceeds the best bid in the room, be invited to read the full auction lot.
* If a new bid in the room increases the supply equals or filed, be awarded to the bidder in the room. Otherwise, the lot will be awarded to the bidder's sealed by the amount corresponding to the next higher bid increment.