Lombard Frequently Asked Questions

1. What type of other items or valuables besides jewelry does Lombard Purchase?
In addition to gold, jewelry, diamonds and watches, Lombard also buys and lends cash against fine art, objects and sculptures and memorabilia. Essentially, anything that we can place a value on is an item that we would either buy or lend on.
2. Why might your rates be different than other companies?
Our rates are determined by the State of New York. In addition, please keep in mind that our New York State based rates are one of the lowest in the United States.
3. What happens to the items Lombard purchases/keeps?
Our primary objective is to sell all the items we buy. Items that are bought or unredeemed are sold to the public or consigned to other jewelry stores. Much of the fine jewelry that we purchase ends up being sold to our base of worldwide clients. Additionally, with the price of gold near its all time highs, a fair amount of our gold purchases are melted and turned into gold bars and sold as “safe haven” investments to our clients. However, as anyone in business knows, not every item is a mover. As a result, at any one time, the vastness of our unsold inventory is massive. We have years upon years of accumulated beautiful jewelry purchases that are for sale. It’s almost like a treasure chest where you will never know what you may come upon that “speaks to you”. Unfortunately, listing and showing all of our goods is just too cost prohibitive. We encourage you to call, email or stop by to inquire about any jewelry that you are looking to purchase. Our inventory is comprised of some of the most unique and interesting jewelry, antiques and objects that has ever been made. With that in mind though, one may ask “how do you stay in business if you do not sell all the items you buy”? Our explanation is as follows: all the items we stock are gold, platinum and diamond based. These are commodities on which there will always be a value – maybe not as a piece of jewelry but certainly as a diamond or a piece of precious metal. In other words, there is no expiration date on our inventory that could render it obsolete. This outlook empowers our unparalleled buying of and lending against fine jewelry. The evidence of our superior experience, longevity and reliability in the buying of and lending against jewelry is in the inventory we have maintained. Who else could amass that much without the trust and allegiance of generations of clients?
4. Who values the Jewelry and how do they do it?
All gold, jewelry, diamonds and watches are evaluated by our very well experienced staff. Our offices are equipped with proper evaluation tools and technology so that we can determine the true value of the items that are presented to us.
5. Do you sell used Jewelry to regular people?
All of our unredeemed and bought jewelry is definitely for sale. Unfortunately, listing and showing all of our goods is just too cost prohibitive. We encourage you to call, email or stop by to inquire about any jewelry that you are looking to purchase. Our inventory is comprised of some of the most unique and interesting jewelry that has ever been made.
6. Are there any hidden fees? What are your rates?

Below Are the fees and rates for our jewelry loans, as mandated by New York State:

Cash Motivation Types of Jewelry Method Beneficial Reason
©2010 Lombard Mutual
Need of Cash Cherished Items Borrow Raise Cash While Keeping Items
Need of Cash Uncherished Items Either Don’t Care About Item
Unwanted Inheritance Uncherished Items Either Convert Unused Assets into Cash
Unworn Items Uncherished Items Sell Remove Unwanted Clutter
Gifts You Don’t Need Uncherished Items Sell Get Rid of Unwanted Memories
*Be advised that this chart shows the general fees & rates as outlined by New York State.
7. How long are the terms for your loans? Can they be extended?
The contract terms for our loans are 4 months. You do not have to keep the loan for 4 months though; the loan can be redeemed after 1 hour if you wish. However, our interest is charged on a monthly basis. In addition, please bear in mind that loans can be extended beyond the original term, indefinitely, as long as all the charges are paid up to date and in full every four months.