Top

Pawn Shops See Business Spike for Diamonds & More

February 2, 2010 by Administrator · 1 Comment 

selldiamondssandiegojpg Pawn Shops See Business Spike for Diamonds & More The Telegraph Herald Online and Reuters are reporting that all across America, pawn shops have seen spikes in their business due to tougher economic times. We here at the San Diego Luxury Pawn Shop Report would certainly concur with that report, especially when it comes to diamond jewelry and items made of gold or other precious metals. 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

Beverly Hills Pawn Shop Sees Surge

December 27, 2008 by Administrator · 1 Comment 

coll.jpg

This year business is up for California pawn shop owners, an indication of how much tougher this season has become for some. According to the LA Times, Collateral Lender (a well-known Beverly Hills pawn shop) has seen a 20% surge in customers over the last three months or about the same period the stock market tanked. Read more

City Loan & Pawn Shops Form Alliance

November 14, 2008 by Administrator · Leave a Comment 

cityloa.jpg

City Loan has announced that the company has aligned itself with Abes Pawn Shop in Santa Clarita, California. City Loan hopes that the partnership will increase the company’s exposure to this market, thus eliminating the need for it to open a bricks and mortar location with its subsequent costly overhead. Read more

San Diego Jewelry Buyers Publishes Brief History of Pawn Shops

October 14, 2008 by Administrator · Leave a Comment 

pawn11.jpg

San Diego Jewelry Buyers (SDJB) has announced this week’s addition to its Knowledge pages for consumers interested in selling or collateralizing their fine jewelry, diamonds, watches, and gold. The article is titled “A Brief History of Pawn Shops,” and it adds to SDJB’s growing list of helpful information, facts, and tips involving jewelry, precious metals, timepieces, and luxury brands. Read more

7 Tips For Selling Diamonds & Diamond Rings in San Diego

October 8, 2008 by Administrator · Leave a Comment 

cbdring1.jpg

Walking into a San Diego pawn shop or jewelery buyer’s office can be an intimidating experience if you have a diamond ring, earring, necklace, or bracelet that your looking to get a cash loan on or sell outright. You might be shocked by the amount of cash that is offered you. Before you walk through those doors, here are some things to keep in mind:

1) Understand that the price a San Diego buyer offers you will be substantially less than the retail price, because the buyer has to assume a great deal of added risk in buying your diamond or diamond ring. In other words, buyers have no assurance of the money they will receive when they try to resell your item, or how long they will have to hold onto your item before selling it at an acceptable profit.

2) The shape of your diamond will affect the price. For example, a round Brilliant cut diamond is often much easier to sell than a fancy shaped diamond like a Marquise, Heart, Trilliant, or Victorian cut. The more confident the buyer is that they have a ready buyer for your diamond the easier it is for them to assess the price. If there isn’t sufficient demand for the shape of your diamond in the current market that will lower their buying offer.

3) When a diamond is accompanied by certification this assists the buyer in pricing that item because this eliminates the need for them to grade the diamond themselves, the results of which may or may not perfectly match the findings on the certificate.

4) Keep in mind that the appraisal value of your diamond is the retail replacement cost. This figure has no bearing on the price which you will be offered should you decide to sell a diamond ring.

5) San Diego Pawn shops in general operate a business that requires greater liquidity. That is, they often need to turn around items much quicker than an established jewelry or diamond buyer. Thus the offer you might receive for a loan on a diamond at a pawn shop is likely to be lower than if you were to sell the item outright to a jewelry or diamond buyer.

6) Be wary of those San Diego diamond buyers who say that it is only the diamond that holds high value and that they just sell the ring for the scrap value of the precious metal. While mass market rings are valued at scrap value, branded fine jewelry that bears handcraftsmanship often holds substantial value and should not be chopped apart and melted down.

7) If possible, look for opportunities to sell your diamonds or diamond ring to a relative, friend, or friend of a friend in San Diego, as you may receive a higher price for your item by selling it privately in this manner.

###

San Diego jewelry lovers probably know that Burma rubies are among the most coveted gemstones around. These gems now will become even more rare in the States with the start of the: Burma Ruby Ban.

Pawn Shops May Benefit from Fall of Jewelry Retailers Friedman’s & Whitehall

September 26, 2008 by Administrator · Leave a Comment 

frie.jpg

Local San Diego pawn shops stand to profit from having two less competitors in the crowded retail jewelry market. National Jeweler Magazine reports that Friedman’s Jewelers filed for Chapter 11 bankruptcy protection in January, with Whitehall following suit in June. Read more

Bottom