Santa has something to say, “Layaway for the Holidays!”

Summer is almost over and you know what that means! Dare I say it… Yes, I’m sorry but it’s happening! The holidays will be here before we know it!

Hopefully this article will help to ease some of your holiday jitters.

Do you have a specific piece of jewelry in mind for yourself or someone special? Afraid someone else may grab it up before you’ve had the chance to save up?  Consider layaway to reserve your item and place it on hold at the store, making payments over time until it’s paid for.

Benefits of Layaway:

  • Interest-Free Purchasing – No finance charges.
  • More Buying Options – Layaway provides an alternative to using a credit card.
  • Availability of High-Demand Items – Putting a popular item on layaway now guarantees you will have it for the holidays.
  • Easy Acceptance Criteria – Unlike a credit card, layaway programs do not conduct income or credit checks.
  • Find a different piece you’d rather have? No problem! We’ll put any money down toward the new item.

This is how our Layaway program works at The Gem Collection:

  • We ask for an initial deposit of 25% on most items. There are some exceptions.
  • You pay minimum monthly payments for 3 months. This may be extended on items over $1000
  • Payments are accepted in store, and over the phone up to $300 during our normal business hours or by sending a check by mail.
  • Deposits on layaways may be refunded monetarily within two weeks, after which time store credit will be issued if layaway is cancelled.
  • If you fail to pay the remaining balance after your 3 month contract is up, your layaway may be automatically canceled, resulting in a re-stocking charge of 10% of the price of the item(s) which will be deducted from the store credit.