Top

SDJBL Moves to New Location

April 24, 2010 by Administrator · Leave a Comment 

San Diego Jewelry Buyers & Loans San Diego Jewelry Buyers & Loans (SDJBL) has announced that it has moved to a new location across from the San Diego Jewelers Exchange building. SDJBL’s new address is 907 6th Ave. The new showroom and offices take up the entire NE corner of 6th and E Street, at the same intersection as the Jewelers Exchange (861 6th Ave.), but on the opposite side of E Street. Read more

San Diego Buyer Predicts Strong Prices for Gold, Gold Jewelry, & Scrap Gold

February 2, 2010 by Administrator · Leave a Comment 

sandiego-gold_buyers San Diego Buyer Predicts Strong Prices for Gold, Gold Jewelry, & Scrap Gold Although the U.S. economy and the dollar remain on shaky ground, many analysts are predicting that one thing will remain strong during 2010: the price of gold. One of those analysts is Carl Blackburn, owner of San Diego Jewelry Buyers (SDJB). Read more

The Buying & Selling Gold Frenzy

December 2, 2009 by Administrator · Leave a Comment 

pawn-sandiego The Buying & Selling Gold Frenzy

The Associated Press is reporting that gold’s remarkable run has implications far beyond smart investors. In New York’s diamond district, more people started showing up late last year to sell their gold, and the crush hasn’t let up Read more

San Diego Gold Refinery & Gold Buyer Reports Increased Gold Recycling

August 31, 2009 by Administrator · Leave a Comment 

san-diego-gold-refinery.jpg

San Diego Jewelry Buyers (SDJB), San Diego County’s leading buyer of used gold jewelry, diamonds, and timepieces, is reporting a significant increase in its gold refinery service since launching its “green gold” project four months ago. Carl Blackburn, co-owner of SDJB, reports that not only are more San Diegans recycling their gold by selling their old gold jewelry, scrap gold, and other gold items to be melted down into eco-friendly gold bars, more and more San Diego jewelers are buying SDJB’s green gold to make handcrafted fine jewelry. Read more

Pawn Shop Sales Point to Recovery?

August 31, 2009 by Administrator · Leave a Comment 

sandiego-pawnshop.jpg

WALB News in South Georgia is reporting on a new trend that we have also seen occurring in San Diego; that is, signs of an economic recovery are showing up at some pawn shops. The report from the peach state rightly mentions that pawn shop activity is often a good indicator of the economic pulse because many people use them like banks for loans or cash advances. Read more

New Gold Jewelry & Precious Metals Law

August 5, 2009 by Administrator · Leave a Comment 

orange-county-sell-gold.jpg

Orange County readers of the San Diego Luxury Pawn Shop report should take note that a new law has been passed. The Shawangunk Journal reports that under this new law, anyone who has a business that buys second-hand jewelry (gemstones and precious metals) would have to have a license from the county and undergo a background check. In addition, two crucial rules apply. To sell gold jewelry to a store, you have to be over the age of 18 and you have to have photo ID for the store owner to see and if they want, to record. Then, the store or pawn shop must hold the items for 15 days before selling them.

The journal interviewed Dan Depew, Country Representative of the 18th District, who put it this way. “You can’t just ride into town, stay in a motel, and announce that you’re buying gold. Because, now you have stay in the county a while, and you have to register and undergo that background check.”

Police Chief McCann believes that the new law can be a win-win for everyone, saying that if pawn shops and jewelry buyers work it into their practices, then they can be sure that the police know they’re on the right side of things. McCann also added that residents can take steps to protect themselves. “Everyone [should maintain] a good record of the piece of jewelry, or property of any sort that has a value, or that they think is important to them. A photo is good, but if there’s some marker on the property that is known only to them, so they can ID that piece of jewelry, then that’s a great help to us in recovering things.”

Quick Tips: Getting Cash for Your Gold Bling

August 5, 2009 by Administrator · Leave a Comment 

tips-selling-gold.jpg

Cash for gold isn’t just a hot trend in San Diego. Shoppers around the country have been trading in their gold bling for quick cash. In an article recently published by The Denver Post, the newspaper lists the following tips for when selling your gold jewelry:

—Unless the piece is of a high-quality maker, such as Cartier or Tiffany’s, you’re looking at scrap gold pricing. Forget what you paid for it.

—Remove gemstones from your gold jewelry unless they’re too small to sell separately.

—Know the price of gold the day you’re going out to sell. The New York gold markets close at 1 p.m. Pacific time, so sell your gold in the afternoon.

—Weigh your gold jewelry in bulk. Keep similar karat gold together. You might get a better price.

—Do the gold math. Know the 100 percent value to see if offers are fair to you.

—Get gold buying offers from several stores, whether jewelry or pawn shops.

—Avoid online gold buyers. Unless you’re selling in high volumes, you’ll not likely get a better price.

—Never let strangers view gold jewelry at your home. Consider a bank and safety deposit box for security.

—Walk away if you don’t like the gold buyer’s offer. Gold is constantly on the move.

Investigating Gold Buyers

May 30, 2009 by Administrator · Leave a Comment 

selling-gold-san-diego.jpg

San Diego’s most watched news station, KUSI News, has released a special consumer report on selling gold in San Diego County. Conducted by former CNN reporter Sasha Foo, the report reveals that there are both good and questionable gold buyers operating in San Diego.

The special report is titled “Selling your gold? Don’t get scammed!” and includes an interview with Sheryl Bilbry, a staff member of San Diego’s Better Business Bureau (BBB). She tells Sasha Foo that San Diegans need to be smart when selecting a gold buyer for their gold jewelry, since some gold buyers may have file folders full of customer complaints. Cash4Gold, for example, has earned itself a D- minus grade from the BBB.

Bilbry explains that Cash4Gold customers have complained that their gold never got to the company; that they were told that within 10 days they could get their gold back, but then Cash4Gold wouldn’t return it; and that Cash4Gold didn’t pay them as much money as they said they would for their gold. Bilbry adds that citizens can get cash for their gold jewelry in San Diego by “credible” companies. They just need to investigate who they are.

Selling used gold jewelry, gold bullion coins, and other gold objects has become a big business during the past year due to the recession. But Sasha Foo warns San Diegans not to let that “stampede for cash turn into fool’s gold.” To illustrate how “legitimate” gold buyers operate in San Diego, Ms. Foo interviews Carl Blackburn, the founder and co-owner of San Diego Jewelry Buyers (SDJB) and a jewelry industry veteran.

Blackburn explains to Foo how trustworthy gold buyers go about buying used gold rings, gold chains, and other gold jewelry, demonstrating how gold purity and weight is tested. He advises San Diegans to shy away from any gold buyer who guarantees they will beat the price of any other gold buyer, as well as anyone who does not make the customer feel totally comfortable with selling their gold. Blackburn also says that a “red flag” is when a customer calls a San Diego gold buyer for today’s gold price and the buyer doesn’t want give out the information.

SDJB’s website SanDiegoJewelryBuyers.com is filled with articles and tips that can help San Diegans make better selling decisions when selling their gold, diamonds, and fine watches.

To watch KUSI’s full special report on San Diego gold buyers, please go to: Selling Your Gold? Don’t Get Scammed!

Gold Buying Parties

March 25, 2009 by Administrator · Leave a Comment 

gold_party.jpg

National Jeweler reports that the tough economic times, in combination with high metal prices, have people around the country gathering at gold parties to sell their old gold jewelry.

Folks in the media have been comparing the gold-buying parties to recession-era Tupperware parties, resulting in cash for participants, who are choosing to clean out their jewelry boxes as the price of gold rises above $900 an ounce.

According to news reports, the parties begin with guests bringing unwanted jewelry, watches and coins to a host’s house. The host, with the help of companies that are mining the trend like MyGoldParty.com, the Gold Refinery and Nassau Buyers, then tests the gold content and weighs the items, and pays out a certain percentage to guests based on the price of gold that day.

A percentage also goes to the party host, the party representative and the refinery that eventually ends up with the gold and melts it down, according to news reports. In addition to much-needed money, the parties also provide a safe haven, and a social outlet, for consumers looking to cash in on high gold prices but unsure about entering a jewelry store.

According to an Associated Press report of a gold-buying party held in Granby, Conn., one participant said, “It’s terrific because it’s a little bit intimidating to think about walking into the jewelry store, even though they may be heavily advertising it, and, you know, to someone that you don’t know and turning over your valuables to them.”

While gold parties can indeed be fun, San Diego consumers should be aware that the buying offers you get at such parties will most likely be less than at a reputable San Diego gold buyer, since the person who is throwing the party is taking a percentage off the top, which means less cash in your pocket.

###

If you decide that a gold buying party isn’t for you and you plan on approaching a San Diego gold buyer with your gold jewelry, then you want to be prepared. Before going to a potential buyer, read this article: 7 Questions to Ask Your Gold Buyer

It Pays to Compare Gold Buyers

February 25, 2009 by Administrator · Leave a Comment 

comparebuy.jpg

If you watched the Super Bowl last week, you probably saw the ad with Ed McMahon and MC Hammer – both known as men sometimes in bad need of ready cash – touting a company called Cash4Gold. According to a recent article in Newsday, the Florida-based company spends millions each month on advertising on the Web and the airwaves to convince folks to mail in their gold jewelry, coins, medallions, or trophies to get cash back in a flash. What Ed and MC didn’t mention is something that the company’s Web site does: Customers may get more at their local gold dealer.

In other words, Newsday reports something that we have been telling our readers for a long time. That is, many local dealers provide substantially better buying offers for gold. And that if you are concerned about getting the best price for your gold (or for anything else you want to sell) information and comparative shopping are your best defense.

The Newsday article cites Amit Verma of Nassau Gold Buyers, in Hicksville and Rockville Centre. She says that gold sellers should go to several dealers to convince themselves that offers are competitive, and “get referrals from people who are happy with how they are treated.”

Murray Gordon of Whitman Coin & Jewelry in Melville, a store that buys gold jewelry and gold collectibles and which has a pawnbroking section as well, also confirms the fact that mail-in companies could easily pay less than what the gold could get elsewhere.”Believe it or not, a few earrings can add up to a hundred pennyweights, which can be worth $1,500, $1,800, depending on the quality of the gold,” said Mr. Gordon.

So San Diego gold jewelry sellers don’t forget to call around to your local gold buyers or drop by their shop before deciding who you are going to sell your gold to.

###

It certainly is obvious that selling used gold is becoming a hot trend in San Diego and around the country. For further evidence about the selling gold for cash trend, read this interesting article: More Folks Turning Gold Jewelry into Cash.

Next Page »

Bottom