Fraud Blocker Collateral Loans in New York: Best Rates for Watches & Jewelry

Collateral Loans

Collateral Loans for Luxury Watches, Jewelry, and Diamonds With Low Interest Rates

Want to learn how? Call us at (212) 730-5959 or contact us to get an offer.

Collateral Loans

Need cash now?

If you want a hassle-free experience in taking out a collateral loan, let Diamond Source NYC simplify the process. We always give a fair appraisal for your valuable item, and you can have your cash within minutes with these three simple steps:
Step 1: Visit our store with your proof of identity along with the item you wish to sell.
Step 2: Our experts will evaluate the item while you wait. We won’t charge you for the appraisal. You will hear about our offer on the same visit.
Step 3: We will provide you with cash on the spot if you accept our offer.  Our transactions are always fast and discrete.

What Items You Can Bring In for a Collateral Loan

Please refer to this page to learn more about which valuable items you can bring in to get a collateral loan. Diamond Source NYC offers collateral loans for jewelry, luxury watches, and loose diamonds. 


The loan duration is between one to four months. The interest rate is 4% per month plus a vault storage fee proportional to the loan amount not exceeding 2%. We won’t surprise you with hidden surcharges or ticket fees.

Loan Size

The range of our loan amount is from $1,000 to $2,000,000. Diamond Source NYC is widely experienced in the collateral loans business and has a good reputation for being fair in every aspect of the business. We ensure that your items are kept safely and securely. The associated cost of your collateral loan is one of the lowest in the business.


We charge no more than  2% of your loan amount to insure your items at 200% of the loan value. 

Our staff at Diamond Source NYC provides the best buying and selling experience for luxury watches, jewelry, and loose diamonds in New York and beyond. We also pride ourselves on the ease and professionalism we provide to our clients during the process of taking out collateral loans. If you are looking for a hassle-free way to get cash quickly, just bring in your valuable items, and you can get your cash within minutes.



Map data ©2022 Google
Map data ©2022 Google

What items do you accept as collateral?

We accept luxury watches, gold or platinum jewelry, diamond jewelry, and loose diamonds.

Who can avail of collateral loans?

In the state of New York, you must be over the age of 18 to qualify. All you need is to provide us with a valid government-issued photo ID (driver’s license, social security ID, passport, etc), and the valuable item you wish to be held as collateral for your loan.

Can I redeem the loan even before the term of my loan ends?

The borrower can redeem the loan within the duration of the loan period at any time. Should the borrower repay the loan before the four months have elapsed, the charges will only be applied for the time period between taking out the loan and the time the borrower redeems the loan.

What is the state of my jewelry once I make full repayment of the principal and interests?

The valuable items will be returned in the same condition we received them once the borrower makes a full repayment of the principal and interests. 

Can I renegotiate for a loan term extension if I can’t pay the full amount once the due date arrives?

Yes, if the borrower can’t redeem the loan once the due date arrives, they may pay for the interest due to date and request to issue a new loan arrangement. The duration of the new loan shall be another one to four months to repay the principal and interests.

What will happen to the jewelry or valuable items if I fail to redeem the loan once the due date arrives?

Should the borrower fail to pay within the allotted time, this will result in the sale of your valuable item. Please keep in touch with us during the duration of the loan period so we can inform you of the status of your item. We will ensure that your valuable items are kept safe during the loan period.

Can I decide to sell my diamond watch instead of using it as collateral for a loan?

Yes. Aside from offering our collateral loan service to clients, we are also open to buying your diamond watch. Diamond Source NYC is among the best stores that buy and sell used jewelry and watches. We also buy loose diamonds, platinum items, and gold coins, among other precious things that qualify as collateral for a loan.