20 Jewelry Stores with Layaway Plans: Online and/or In-Store

Jewelry can be expensive, which is why many jewelry and department stores offer layaway plans, allowing customers to pay for items a little at a time. By putting an item on layaway, you can lock in a discount rate and/or ensure an item isn’t sold out when you want it. Layaway plans are available in-store and online.

Jewelry store layaway programs allow you to pay for an item like a necklace or an engagement ring over time without first qualifying for financing. The store holds the item for you until it’s fully paid off, at which point you can take it home with you. Here’s how jewelry layaway works:

  • You make a small down payment, followed by regular payments until you’ve paid the full sale price for an item or items.
  • Depending on the store’s layaway policy, the payments may be split evenly or you may be able to make payments in any amount you choose, as long as the full amount is received by the end of the layaway contract.
  • The store holds your item or items and doesn’t allow them to be sold to someone else while you’re making payments. This allows you to lock in a sale price and ensure that an item doesn’t go out of stock while you’re saving up for it.
  • Once the full amount is paid, you own the item(s).

We’ve Done the Comparing for You — Here’s What We Recommend

For the best general layaway terms — including online or in-store availability, little to no down payment, and low cancellation fees — consider shopping for jewelry at Sears. However, if you’re looking for the highest quality jewelry options, consider taking advantage of the layaway programs at Day’s Jewelers, Kay, or Jared. Day’s Jewelers only has a few stores in the northeastern U.S., but it offers layaway for online purchases and it comes with very positive customer reviews. Kay Jewelers and Jared only offer layaway in stores, but both stores have a nationwide presence and a wide selection of jewelry to meet most customers’ needs.

Comparison Table: Jewelry Stores With Layaway

See the table below for a quick comparison of the layaway terms offered by major jewelry and department stores, then click any store or scroll for more details.

Store In-store or Online Down Payment Payment Structure Cancellation Terms
Sears Both None in-store; $0.01 online Biweekly for 8 or 12 weeks $15 for 8-week cancellation and $30 for 12-week
Day's Jewelers Both 10% Flexible 20% if canceled after 30 days
Kay Jewelers In-store Varies Flexible (must be fully paid within 6 months) Vary
Jared the Galleria of Jewelry In-store Varies Flexible (typically monthly) Vary
The Jewelry Exchange Both 25% Flexible (must make a payment within 90 days) No fees, but refunds are store credit only
Since 1910 Online 25% (minimum $1,000 purchase) Flexible (must be fully paid within 6 months) Unspecified
Reeds Jewelers In-store 10% or $25, whichever is greater Each payment must be $25 or 1/6 of total amount (must be fully paid within 6 months) Vary
Helzberg Diamonds In-store 10% Flexible (must be fully paid within 10 months) No fees
Sterling Jewelers In-store Varies Flexible (must be fully paid within 6 months) Vary
SuperJeweler Online 10% Equal monthly payments; must be fully paid within 24 months Unspecified
Joshua's Jewelry Online 1/3 of total amount (minimum $500 purchase) Flexible (must be fully paid within 6 weeks) No fees
Michael Hill In-store 25% plus admin fee Flexible (must be fully paid within 3 months) Unspecified
My Trio Rings Online 0%, 10%, 25%, or 50% Flexible (must be fully paid within 6 months) 25% fee (held as store credit for 6 months)
Serendipity Diamonds Online 25% (minimum $700 purchase) Four equal monthly payments Free if canceled within 1 week; $5 fee thereafter
Shane Co. Both Varies Flexible; must at least make monthly payments No fees
Kmart Both $10 ($1 for rewards members) Biweekly for 8 to 12 weeks $15 for 8-week cancellation and $30 for 12-week
Totaram Jewelry Online 20% Flexible (must be fully paid within 4 months) No cancellation for layaway orders
Walmart In-store $10 or 10%, whichever is greater Varies $10

Jewelry and Department Stores That Offer Layaway

Listed below are the department and jewelry stores with layaway plans. We gathered the information by researching companies’ policies online and by speaking with customer service representatives. We’ve ordered the list starting with the best overall options.

Sears

  • In-store or online: Both, but only select jewelry items are eligible for online layaway
  • Down payment: No down payment required in-store; $0.01 required for online layaway
  • Number of payments: Every two weeks, to be completed within eight weeks for online layaway and eight or 12 weeks for in-store layaway
  • Cancellation terms: $5 service fee and $10 cancellation fee for eight-week layaway; $10 service fee and $20 cancellation fee for 12-week layaway
  • Start shopping online or find a Sears

Day’s Jewelers

  • In-store or online: Both
  • Down payment: 10%
  • Number of payments: It’s up to you, but you must pay at least 10% of the purchase price each month
  • Cancellation terms: If canceled after 30 days, Day’s will keep 20% of the deposit
  • Start shopping online or find a Day’s Jewelers

Kay Jewelers

  • In-store or online: In-store only
  • Down payment: Varies by purchase amount
  • Number of payments: It’s up to you, but payments must be made at least monthly and, generally, you must pay the full amount within six months
  • Cancellation terms: Vary by store
  • Find a Kay Jewelers

Jared the Galleria of Jewelry

  • In-store or online: In-store only
  • Down payment: Varies by purchase amount
  • Number of payments: It’s up to you, but payments must be made at least monthly
  • Cancellation terms: Vary by store
  • Find a Jared

The Jewelry Exchange

  • In-store or online: Both
  • Down payment: 25%
  • Number of payments: It’s up to you, but you must make a payment within 90 days of establishing layaway to avoid cancellation
  • Cancellation terms: No cancellation fees, but refunds for layaway are given as store credit only
  • Start shopping online or find a Jewelry Exchange

Since 1910

  • In-store or online: Online only
  • Down payment: 25%; minimum purchase amount of $1,000 to qualify for layaway
  • Number of payments: It’s up to you, but you must pay in full within six months (extensions available on certain items)
  • Cancellation terms: Not specified
  • Start shopping online

Reeds Jewelers

  • In-store or online: In-store only
  • Down payment: 10% or $25, whichever is greater
  • Number of payments: Each payment must be at least $25 or one-sixth of the total amount, whichever is greater; must be paid in full within six months
  • Cancellation terms: Vary by location
  • Find a Reeds Jewelers

Helzberg Diamonds

  • In-store or online: In-store only
  • Down payment: 10%
  • Number of payments: It’s up to you, but payments must be made at least monthly and you must pay in full within 10 months
  • Cancellation terms: No cancellation fees
  • Find a Helzberg Diamonds

Sterling Jewelers

  • In-store or online: In-store only
  • Down payment: Varies by purchase amount
  • Number of payments: It’s up to you, but payments must be made at least monthly and, generally, must be paid in full within six months
  • Cancellation terms: Vary by store
  • Find a Sterling Jewelry

SuperJeweler

  • In-store or online: Online only
  • Down payment: 10%
  • Number of payments: Equal monthly payments; must be paid in full within 24 months
  • Cancellation terms: Unspecified
  • Start shopping online

Joshua’s Jewelry

  • In-store or online: Online only
  • Down payment: One-third of the total, minimum purchase amount of $500 to qualify for layaway
  • Number of payments: It’s up to you, but you must pay in full within six weeks
  • Cancellation terms: No cancellation fees
  • Start shopping online

Michael Hill

  • In-store or online: In-store
  • Down payment: 25%, plus a small administrative fee
  • Number of payments: It’s up to you, but must pay in full within three months
  • Cancellation terms: Not specified
  • Find a Micheal Hill

My Trio Rings

  • In-store or online: Online only
  • Down payment: Choose from 0%, 10%, 25%, or 50% down
  • Number of payments: It’s up to you, but you must pay in full within six months
  • Cancellation terms: 25% cancellation fee held over as store credit for six months
  • Start shopping online

Serendipity Diamonds

  • In-store or online: Online only
  • Down payment: 25%, minimum purchase amount of $700 to qualify for layaway
  • Number of payments: Four equal monthly payments; paid in full within four months
  • Cancellation terms: Free if canceled within a week, 5% fee if canceled after one week
  • Start shopping online

Shane Co.

  • In-store or online: Both
  • Down payment: Varies by purchase amount
  • Number of payments: It’s up to you, but payments must be made at least monthly
  • Cancellation terms: No cancellation fees
  • Start shopping online or find a Shane Co.

Kmart

  • In-store or online: Both, but only select jewelry items are eligible for online layaway
  • Down payment: $10 (reduced to $1 for Kmart Shop Your Way members)
  • Number of payments: Every two weeks, to be completed within eight weeks for online layaway and eight or 12 weeks for in-store layaway
  • Cancellation terms: $5 service fee and $10 cancellation fee for eight-week layaway; $10 service fee and $20 cancellation fee for 12-week layaway
  • Start shopping online or find a Kmart

Totaram Jewelry

  • In-store or online: Online only
  • Down payment: 20%
  • Number of payments: It’s up to you, but you must pay in full within four months
  • Cancellation terms: Orders placed on layaway cannot be canceled or changed in any way
  • Start shopping online

Walmart

  • In-store or online: In-store only; Walmart offers seasonal layaway for general merchandise, including jewelry, but all Walmart Supercenters offer year-round jewelry layaway programs
  • Down payment: $10 or 10%, whichever is greater
  • Number of payments: It’s up to you; policies may vary by location
  • Cancellation terms: $10
  • Find a Walmart

Jewelry Stores That Don’t Offer Layaway but Do Offer Financing

While there are several jewelry stores that offer layaway programs, there are some that do not but that do offer alternative financing options, allowing you to pay for purchases over time. We list these stores below, starting again with the best overall options:

Fred Meyer Jewelers

  • Financing: Platinum/Gold Preferred Card or the Fred Meyer Jeweler’s Card, both of which offer special financing. You can apply for credit both in-store and online. (Note: You can only use the Gold Preferred Cards in-store.)
  • More info: Payment methods and credit services at Fred Meyer

Riddles

Ross-Simons

Tiffany’s

  • Financing: Tiffany offers payment plans to give you interest-free financing; call (800) 827-1369 for more information.
  • More info: Payment plans at Tiffany’s

Zales

  • Financing: With the Zales Credit Card, you can take advantage of special financing spreading the cost of your purchase over 6 to 36 months with minimum payments starting from $150. Zales offers a zero-down special every day.
  • More info: Credit services at Zales

Jewelry Stores With No Layaway or Other Financing Options

Some jewelry stores do not offer layaway or any other financing options — at these stores, you will need to pay the full amount of your purchase upfront:

  • Cartier
  • Costco
  • De Beers
  • Pandora
  • Piaget
  • Pomellato
  • Sam’s Club
  • Tous

In Summary

Layaway is an option when you’re shopping for jewelry, and there are many department and jewelry stores with layaway plans. There usually aren’t any fees, except to cancel. Payment plans are usually flexible, and you’ll typically be able to pick your own payment amount, as long as you pay in full by the end of the layaway contract. Sears offers the best general layaway terms both in-store and online, but if you’re looking for the best and highest quality jewelry options, consider shopping at Day’s Jewelers, Kay, or Jared. For jewelry stores that do not offer layaway, some have credit and other payment plans available that allow you to pay for the jewelry over time.

For more jewelry store financing options, we list the buy now, pay later jewelry stores, the jewelry stores with easy credit approval, and the list of the easiest jewelry store credit cards to get.