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

Jewelry can be expensive. That’s why many jewelry and department stores offer layaway plans, meaning you can pay for your item or items a little at a time. The Jewelry Exchange, Kay Jewelers, Shane Co., Sears, and Walmart have layaway plans for jewelry so you can pick out something special for yourself or a loved one today. 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.

Listed below are the department and jewelry stores with layaway plans. We’ve also included a list of jewelry stores that don’t offer layaway but have other financing options available.

What You Need to Know About Jewelry Layaway

Jewelry store layaway programs allow you to pay for an item such as 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, and then you 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 sale price for an item or items.
  • Depending on the jewelry 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(s) and doesn’t allow it to be sold to someone else while you’re making payments. A few benefits to you include locking in a sale price and/or ensuring an item doesn’t go out of stock.
  • Once the full amount is paid, you own the item(s).

Jewelry and Department Stores That Offer Layaway

Day’s Jewelers

Diamond Wave

  • In-store or online: Online only
  • Down payment: 20%
  • Number of payments: It’s up to you, but payments must be made at least monthly and you must pay in full within six months
  • Cancellation terms: No cancellation fees
  • Source: Diamond Wave layaway policy and customer service
  • Online only

Helzberg Diamonds

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
  • Source: Customer service
  • Find your nearest Jared the Galleria of Jewelry

The Jewelry Exchange

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
  • Source: Joshua’s Jewelry layaway policy
  • Online only

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, must be paid in full within six months
  • Cancellation terms: Vary by store
  • Source: Customer service
  • Find your nearest Kay Jewelers

Kmart

  • In-store or online: Both, but only select jewelry items are eligible for online layaway
  • Down payment: $10 (down payment 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
  • Source: Kmart layaway policy
  • Find your nearest Kmart

Michael 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
  • Source: My Trio Rings layaway policy
  • Online only

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
  • Source: Reeds layaway policy
  • Find your nearest Reeds Jewelers

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
  • Source: Sears layaway policy
  • Find your nearest Sears

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
  • Source: Serendipity Diamonds layaway policy
  • Online only

Shane Co.

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
  • Source: Since 1910 layaway policy
  • Online only

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
  • Source: Customer service
  • Find your nearest Sterling Jewelry

Super Jeweler

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

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
  • Source: Totaram layaway policy
  • Online only

Walmart

  • In-store or online: In-store only; Walmart offers seasonal layaways 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
  • Source: Walmart layaway policy and customer service
  • Find your nearest Walmart

Jewelry Stores That Do Not Offer Layaway

The following jewelry stores don’t have layaway. Some have other financing options, which we’ve noted.

Cartier

Costco

De Beers

Fred Meyer Jewelers

  • Financing: You can pay using a Platinum/Gold Preferred Card or a Fred Meyer Jeweler’s Card, all of which offer special financing. You can apply for credit both in-store and online. Gold Preferred Cards can only be used in-store
  • More info: Payment methods and credit services at Fred Meyer

Pandora

Piaget

Pomellato

Riddles

Ross-Simons

Sam’s Club

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

Tous

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

In Summary

Layaway is a 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. For jewelry stores that do not offer layaway, some have credit and other payment plans available.

Suggested Next Articles: Buy Now Pay Later Jewelry Stores (Many with No Deposit Needed)Jewelry Stores with Easy Credit Approval (Some for No/Bad Credit), and The List of the Easiest Jewelry Store Credit Cards to Get.

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