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Home   About   Membership   Resources   Government Affairs   Meetings & Events Jun. 19, 2012

First Cash buying 24 pawnshops for $25.5 million
The Associated Press via Bloomberg Businessweek    Share    Share on FacebookTwitterShare on LinkedinE-mail article
First Cash Financial Services Inc. is buying 24 Mister Money pawn shops in four states for about $25.5 million in order to help broaden its U.S. presence. The stores are located in Colorado, Kentucky, Wyoming and Nebraska. More

3 arrested in Phillip Phillips pawnshop burglary case
The Hollywood Reporter    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Albany, Ga., police have arrested and charged three people in connection with the burglary of a pawnshop owned by American Idol champion Phillip Phillips' family, according to a report by WALB-TV. More

Company says it has low-cost synthetic diamond detector
Jewelers Circular Keystone Online    Share    Share on FacebookTwitterShare on LinkedinE-mail article
As the industry continues to fear the specter of undisclosed synthetic diamonds on the market, a Hong Kong company says it has developed a low-cost lab-grown diamond detection device. The device, a pen-shaped laser pointer called the DiamaPen, will be sold for $199 at Hong Kong Jewellery & Gem Fair by Diamond Services Ltd., the sales arm of EGL Asia. The device uses lasers and can be used only with special glasses. More

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Gold snaps 6-day winning streak after Greek vote
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Gold fell for the first time in seven sessions as the risk of a Greek exit from the euro zone subsided after parties backing a bailout for the country won an election, denting the metal's safe-haven appeal. The initial vote results drew expressions of relief from the Group of Seven industrialized economies, who said it was in "all our interests" for Greece to stay in the euro, while respecting its international bailout commitments. More

Georgia pawnshop at center of controversy shuts down
WGCL-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A Kennesaw, Ga., pawnshop, Cruchelow Jewelry and Loan, has shut down, after three months of fighting by neighbors. Those neighbors said that in 2004 a Roswell man named Tino Venturi promised them if they would permit Kennesaw to change a piece of land in their neighborhood from residential to commercial, he wouldn't allow any shops, such as pawnshops.

Pawnshop owner showcases presidential watch
The Natchez Democrat    Share    Share on FacebookTwitterShare on LinkedinE-mail article
When George Washington had a custom watch crafted for a principle chief of the Native American Creek tribe in 1790, the president probably never thought the watch would wind up in the hands of a small-town pawnshop owner. More

Pawnbroker Maxi-Cash braves market with $13 million Singapore IPO
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Maxi-Cash Financial Services Corp. is set to be the first pawnbroker to debut on the Singapore bourse as it launched an initial public offering to raise $13 million despite weak markets. More
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New North Carolina bill aims to crack down on metal theft
WECT-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Copper and catalytic converters are hot items for many criminals because law enforcement officers say it's easy for someone to steal metal, go to a recycling center and trade it in for money. However, a new North Carolina law could be passed to help crack down on the crimes, and it may not target the people who do the stealing. If passed, House Bill 199 would be aimed at pawnbrokers, metal dealers, and scrap dealers who make transactions without doing the proper background check to make sure the metal customers bring to their shops isn't stolen. More

The 10 priciest collectible cards
Yahoo Games    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Baseball, football, and other sports trading cards can be worth a pretty penny, but there's a sprawling universe of "non-sports" trading cards out there, too. And while none of them can quite match up to a nice Honus Wagner, there's still no shortage of money changing hands over these collectibles. More


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Northern Illinois community considers adding second pawnshop
Chicago Daily Herald    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Elgin City Council members will have to decide whether to allow a second pawnshop in this northern Illinois town, but they'll have a couple more weeks to think about it. EZPAWN Illinois Inc. hopes to join Windy City Jewelry & Loan in providing pawn services to customers. More

UK pawnbroker in profit warning as gold rush over
The Sun    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Britain's gold-selling boom has lost its shine, the country's biggest pawnbroker has warned. ALBEMARLE & BOND issued a shock profit warning after a huge slide in the amount of jewelry being brought into its shops. More

Surprise, Ariz., adopts pawnshop ordinance
KPHO-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Surprise, Ariz., police said a new city ordinance will be an integral tool in combating the fencing of stolen property. The Surprise City Council passed an ordinance April 10 requiring pawnshops, scrap-metal dealers, and secondhand dealers to pay a $3 fee for each transaction from a customer. More

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NPA Weekly NewsBrief
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