London Pawnbrokers: A Brief Account of its Past and Present

Pawnbroking may not be known as the oldest profession of the world, but its origin can be traced back to more than 3,000 years ago when pawn shops first turned up. Pawnbrokers used to provide credit to the peasants while being supervised by Imperial authorities.

Pawn shops were famous in ancient Greece and Rome. While small merchants used a pawn loan to begin their businesses during the Middle Ages, the Catholic Church imposed restrictions on charging interests for pawn loans. This eventually hindered the growth of pawn shops. However, with the increase in demand for such kind of credit in 14th and 15 century, the constraints loosened....Read More

Pawn Your Rolex and Get a Quick Loan

During your short-term financial needs, you may decide to pawn your Rolex watch to raise some quick cash, securing a safety pawn loan from any trustworthy pawnbrokers Hatton Garden. While more and more individuals today are turning to pawnbrokers for acquiring an instant loan, high street pawnbrokers are monitoring and working to make the pawnbroking process faster, more secure and straightforward.

Rolex is universally recognised and by far, the most coveted brand both in the retail as well as the second hand market. Pawning a Rolex watch is an easier way to raise money when short of cash as most luxury watches retain their value well over the time. Although the higher demand depicts that getting a loan against your Rolex timepiece can be more convenient than pawning other fine watches, the real deal still lies in choosing a professional and trustworthy pawnbroker who understands the monetary significance of luxury timepieces like Rolex....Read More

How to Increase the Value of Your Luxury Watch?

A luxury watch works more than merely a way to keep track of time. Luxury watches of prestigious brands like Rolex are built to last for years, retaining their value well in the resale market. However, a luxury watch requires the right attention and proper care. Although it may not guarantee that the timepiece will retain or appreciate its value, you are likely to receive a higher credit amount when pawning your watch with trustworthy pawnbrokers London or ‘pawnbrokers near me’. 

Here are a few tips that will help you to maximise or hold the value of your luxury watch. Have a look!

Keep your watch in its best condition

It is prime-requisite to keep a luxury watch in pristine condition to make sure that it keeps hold of its maximum value. The condition of your timepiece will play a significant role in determining the final amount of credit loan that professional pawnbrokers London are willing to lend against it. However, any damages, no matter how small, may influence your watch’s value. 

If you want to keep your watch in good condition, it is better that you take off your watch during activities where it could get damaged. Moreover, keep it in a secure and safe place when you are not wearing it. 

Avoid polishing your luxury watch

Many inexperienced luxury watch owners often choose to polish their timepiece for maintaining its shine. However, it is always recommended to avoid polishing a luxury watch. While you may think that polishing can protect your watch from regular contact with fingers, sleeves, perspiration or effects of humidity, it may do more harm to your watch than good.

If you polish a luxury watch without taking any proper precautions, it can cause microscopic scratches and damages. Cleaning a timepiece properly needs an ultrasonic bath as well as meticulous degreasing on a material that can’t create any scratches. 

Keep all the documents

The original box and papers that came with your watch at the time of purchase will prove its authenticity. A luxury timepiece that retains its original box and documents always fetch a higher amount of credit than the one that does not have it. Thus, it is essential to make sure that your watch’s box and all supporting documentation is kept secure, safe and in excellent condition.  

Service your watch regularly

A luxury watch needs regular maintenance and service to ensure it holds its value. While these watches are designed and manufactured using top-notch components and expertise, a luxury watch also needs utmost care and attention to keep it in good condition. Although the suggested interval between services varies from one manufacturer to another, most brands typically recommend servicing every three to five years. 

However, if you want to maximise your timepiece’s value, get it serviced every two years. During servicing, the watch components are taken apart and cleaned delicately. The parts that exhibit the signs of wear and tear are replaced before they are oiled as well as reassembled. Besides, a watch is tested to make sure that it is functioning like a brand-new condition. 

If your watch is correctly taken care of and serviced regularly, it is likely to keep hold of its value or even appreciate with time. Eventually, you can choose to pawn your watch with trustworthy pawnbrokers in London or ‘pawnbrokers near me’ with full confidence and obtain the highest amount of credit loan against it.