Buy and Sell Jewelry & Diamonds in Indianapolis, Indiana

Pawn shops assess jewelry based on the metal content (gold, silver, platinum), the karat rating or purity, the weight in grams or troy ounces, and — for pieces with stones — the quality, cut, and size of the gems. They will typically test metals with an acid test or electronic tester and may use a loupe to inspect stones. Designer pieces with intact hallmarks and original packaging command a premium.

A gentle clean with warm soapy water and a soft brush can help the appraiser see hallmarks and stone quality more clearly, which may improve your offer. Avoid abrasive cleaning products or ultrasonic cleaners on pieces with loose stones. Do not attempt to repair or re-solder items yourself — professional repair is fine, but amateur work can reduce value.

Estate jewelers and gold buyers sometimes pay slightly more for high-value or designer pieces because they cater to a market willing to pay retail. Pawn shops, however, offer the fastest transaction with no consignment wait. For broken, outdated, or unmounted pieces sold purely for metal content, gold buyers and pawn shops typically offer comparable rates. Get two or three quotes before deciding.

Bring a government-issued photo ID — this is legally required. If you have a GIA or AGS grading certificate for a diamond or gemstone, bring it; a certified stone is objectively easier to appraise and will fetch a higher offer. Original purchase receipts, appraisals, or brand certificates (for Tiffany, Cartier, etc.) all support a higher price.

Yes. Pawn shops buy broken, incomplete, or mismatched jewelry for its scrap metal value. A single gold earring is still worth its weight in gold. Broken chains and bent rings are melted down for refining. You will not receive as much as for intact, wearable pieces, but scrap metal still has real cash value.