San Diego Jewelry Buyers reports increased business cooperation between the company and San Diego pawn shops during the sluggish economy this past year.
(1888PressRelease) September 13, 2008 - The current economy is causing more San Diego residents to head down to their local pawn shops for small loans, and the result has been that many pawn shop owners are in a cash crunch. According to co-owner Carl Blackburn, San Diego Jewelry Buyers (SDJB) has been buying increasing amounts of fine jewelry, watches, diamonds, and gold from the San Diego pawn shops that it regularly works with.
“Over the past six months, more people have decided just to let their local pawn shop keep that gold chain, diamond ring, or what have you, rather than pay back the loan,” says Mr. Blackburn. “And while this is perfectly fine, it can make it tough financially for pawn shops because most of their business is based on loans, not on actually having to re-sell items to the public.”
This is where San Diego Jewelry Buyers steps in. Specializing in estate jewelry from famous periods like Art Deco, as well as designer jewelry and watches from brands such as Cartier, Van Cleef & Arpels, Rolex, and Patek Philippe, Mr. Blackburn’s company has been helping San Diego pawn shops reduce inventory by buying increasing amounts of their fine jewelry and gold.
“San Diego Jewelry Buyers fortunately has the financial resources that allow us to purchase as many items as our pawn shop clients bring us,” says Mr. Blackburn. “We’ve been buying pre-owned jewelry and second-hand watches for over 30 years, and over that time have built up a trusted relationship with neighborhood pawn shops both inside and outside San Diego.”
San Diego Jewelry Buyers though does not always buy every kind of watch and all types of jewelry. While a local pawn shop will sometimes give a small loan for a digital watch or gold plated piece of jewelry to a customer they know, SDJB deals mostly in watches worth over $500, and only jewelry made of solid gold, platinum, or sterling silver.
In addition to buying, San Diego Jewelry Buyers also offers loans on those large ticket diamonds and jewels that go beyond the scope and expertise of most pawn shop owners. Because of the company’s strategic location in the downtown Jeweler’s Exchange building, SDJB finds this end of its business also increasing.
Says Mr. Blackburn, "The downtown Gaslamp District is joining La Jolla, Del Mar, and Rancho Santa Fe as one of San Diego’s most affluent shopping and dining areas. Working with clients who are looking to sell or collateralize a $25,000 watch or $50,000 diamond ring is not unusual. If the deal is fair for both parties, we don't have to think about it. We write them a check right on the spot."
For more information about SDJB, please visit their website at: SanDiegoJewelryBuyers.com