Summary
Many asset-based lenders overlook a significant amount of potential business because of lingering, but invalid, misconceptions and myths concerning the appropriateness of diamond jewelry as collateral. Jewelry compares favorably as an asset to a number of different goods, whether they be widgets, carpets, or computers. Unlike garments and so many other manufactured products, diamond jewelry is extremely easy to deconstruct and convert to funds if and when necessary. Jewelry has a comparatively high value in the event that there is a need to auction off the inventory. One popular myth that deters lenders from lending to the jewelry industry is the perception that the inventory is vulnerable to theft or fraud. In reality, jewelry is a far bulkier product with a lower per-item value than popular perception leads one to believe.
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Extract
Accepting Jewelry As Collateral
Many asset-based lenders overlook a signifiant amount of potential business because of ingering, but invalid, misconceptions and myths concerning the appropriateness of diamond jewelry as collateral.
Hist...See the full content of this document
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