Ask the Expert: Sicily Von Overfelt of Diamond Banc
As the Market Director of Diamond Banc’s Kansas City location, Sicily helps clients get the most value for their fine jewelry assets. She is GIA Diamonds Graduate, and is working on completing her Graduate Gemologist degree on scholarship. Sicily has over 13 years of experience in jewelry and has extensive training in diamond evaluation, luxury watch and designer jewelry authentication.
Q: What services does Diamond Banc provide?
A: The name Diamond Banc derives from our mission to offer clients the same professionalism and confidentiality of a traditional bank, allowing clients to turn to their jewelry for their liquidity needs. We offer this through purchasing your jewelry or providing a Jewelry Equity Loan. We also offer consignment services. Our expert staff takes every value-adding factor into consideration to offer you the maximum value.
Q: What is a Jewelry Equity Loan?
A: A Jewelry Equity Loan is when you borrow funds against the value of your fine jewelry. The loan value is solely determined by the liquid value of the jewelry. The items are kept at a non-disclosed, secure location. Once the loan has been paid back, the jewelry is returned to you. Diamond Banc is unique in the flexibility we offer our clients when structuring a loan based on their personal needs. Q:What items does Diamond Banc accept?
A: • Diamonds (0.75CT+) and fine diamond jewelry
• Designer Jewelry: David Yurman, Tiffany & Co., & more
• Luxury Watches: Rolex, Patek Philippe, & more
• Luxury Handbags: Chanel, Louis Vuitton, & more
• Precious Metals: Gold, Platinum, Gold Coins/Bullion, Sterling Silver Flatware
Q: I inherited jewelry from my family. What do I do with it?
A: Allow us to help you by providing the true liquid value of your inherited items. There are two types of appraisals that come up frequently with estate jewelry: insurance and liquidation appraisals. Insurance appraisals reflect the full retail amount, which is ideal if you wish to retain and insure the item. Liquidation appraisals provide the amount an item is likely to sell for in an immediate payment situation. We provide free liquidation appraisals on items you’re wishing to part with. This enables you to accurately determine the value of the inherited pieces and go into the decision making process informed.
Q: Why choose Diamond Banc over a competitor?
A: Most jewelry lenders & buyers rely on inflexible, fixed formulas to evaluate your jewelry’s worth, offering the lowest possible price for your items. In contrast, Diamond Banc assesses the quality of your jewelry and the state of the market to provide unbeatable offers for your luxury items. We give you time to research other alternatives or receive additional bids. We provide a no-pressure luxury environment where you can complete your transaction with peace of mind. Once you accept the offer, payment is instantly issued. You can begin the process at home online or visit our office and we’ll provide you with an initial offer within 24 hours.
Q: How does it work?
A: Whether you want to sell a piece of jewelry or obtain a loan, our transparent process is easy. Start by filling out our simple, no-obligation form on DiamondBanc.com. We will review the information and contact you with an initial offer. Or contact me directly; we can set up an appointment at your convenience in my secure and confidential office on the Country Club Plaza. After reviewing the items and accepting the offer, I will issue funds immediately.