A New San Diego Trend in Pre-owned Gold & Used Luxury Handbags?

According to San Diego Jewelry Buyers & Loans (SDJBL), increasing numbers of San Diegans are purchasing pre-owned designer handbags and gold jewelry. “On the surface, this might appear strange considering the current economic conditions,” says Carl Blackburn, owner of SDJBL, “but there is a logical explanation for this trend.” Read more

Gold Fuels Pawn Shop Boom

KPLC TV News is reporting that the high price of gold has local pawn shops booming, as more people dig through their jewelry boxes for gold items they can trade or sell for cash. The Lake Charles news team interviewed a local pawn shop owner who says more customers are finding gold and pawn shops a great combination, especially since it’s hard to get fast cash from banks and other lending institutions.

“A lot people have single earrings, broken rings or necklaces that they’re not going to repair,” said the pawnbroker. “With the record price of gold now, a lot of times they’re pleasantly surprise with how much they can get for it.” He also advised customers to go local when you put your gold items on the market.

Many people are also mailing in their gold to companies who advertise frequently on television. Recently several of these businesses have come under intense scrutiny. New York Congressman Anthony Weiner (D-NY) has even called for the Federal Trade Commission to look into one company’s “deceptive practices,” after hearing several complaints from sellers who say the company didn’t give them the promised price for their gold.

And all experts agree (including us at the San Diego Luxury Pawn Shop Report) that before selling or trading to any gold buyer, consumers should get several quotes from different brokers.

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

SDJB Opens Diamond, Jewelry, & Watch Vault for Christmas Holiday Shoppers

San Diego Jewelry Buyers (SDJB), California’s premier luxury pawnbroker of fine gold jewelry, diamonds, Swiss watches, and other luxury assets, has announced that it is opening up its vault for the holidays to help shoppers seeking extraordinary jewelry and gemstones. Read more

San Diego Luxury Pawnbroker Reaches Out Into New Affluent Markets

San Diego Jewelry Buyers (SDJB), California’s luxury pawnbroker and diamond buyer of choice, is extending its market reach with a new advertising campaign that targets high net-worth professionals in Rancho Santa Fe, Solana Beach, Carlsbad, Del Mar, La Jolla, and other affluent communities in the region Read more

SDJB Expands Cash Loan Service

To better serve the San Diego community, San Diego Jewelry Buyers (SDJB) has announced that it has increased the firm’s limit on collateral cash loans on diamonds, fine jewelry, and watches to $250,000 per customer. According to SDJB president Carl Blackburn, the company has increased its cash loan limits due to the declining accessibility of mortgage loans from traditional banking institutions. Read more

How San Diego Pawn Shops Work

Featured at the website HowStuffWorks.com is a good article about How Pawn Shops Work. The article rightly points out that pawn shops don’t really deserve the “shady” image that many people hold of them–often due to the way Hollywood depicts them as fence operations for stolen goods. For centuries, pawn shops have been the quick and convenient way for people to borrow money. Read more