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IGI, the Standard of Excellence in Gemology since 1975


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Cash America announces acquisition of 41 pawn lending locations in Texas
Benzinga
Cash America International announced that it has signed an asset purchase agreement for the acquisition of a 41-store chain of pawn lending locations that operate in Texas primarily under the name Top Dollar Pawn and owned by TDP Superstores Corp. Commenting on the acquisition, Daniel R. Feehan, president and chief executive officer of Cash America said, "We are excited about this opportunity to further expand Cash America's pawn lending business in the State of Texas."
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What banks can learn from Microsoft's Xbox PR disaster
American Banker
Banks and other companies looking for a case study in how firms can quickly alienate customers and shred their public image should take a long, hard look at Microsoft. The Redmond, Wash., company announced that it was abandoning controversial policies related to its new Xbox One video game console due out this fall, barely a week after executives gave details on its plans. The reversal was shocking in part because it was a complete capitulation to angry customers, many of whom had threatened to take their business to Sony, Microsoft's biggest gaming competitor.
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UK pawn business to star in Pawn Stars TV series
Professional Jeweller
Chester, England-based pawnbroker Regal Pawn and will star in the new TV series Pawn Stars UK, showcasing the day-to-day running of its business, unusual customers and incoming jewelry, coins and precious metals. precious metals. The new series will follow Regal Pawn's five employees including its owner Mark Andrew Manning, known as Big Mark in the series, his daughter Victoria Manning and colleagues Mark Lever Holland, Mark Peter Holland and Simon Penworth.
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Tax breaks every small business needs to know about
Fox Business
Small businesses often get touted as the backbone of our economy—they create jobs, spur growth and lead to innovation. When the financial crisis hit in 2007 and led to the Great Recession, small businesses took a hit-consumer spending dropped and they stopped hiring. Many small businesses were forced to shutter. To help reignited small businesses, the Obama Administration launched a series of tax cuts and credits to help shore up balance sheets and entice more spending and hiring.
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Pawnshops outnumber banks in the Philippines
Philippine Daily Inquirer
Pawnshops continued to dominate the Philippines' financial sector as of the first quarter this year, outnumbering banks in terms of physical reach, government data showed. The Bangko Sentral ng Pilipinas (said the number of pawnshops across the country reached 17,408. Of these, 6,279 are head offices while the remaining 11,129 are branches.
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California sees record gun sales
Lodi News-Sentinel via GOP USA
As California lawmakers advance gun control legislation that would help monitor and regulate sales, people throughout the state are flooding shops and buying guns at record rates. San Joaquin County residents, like those in many counties in California, are stockpiling on the belief that guns and ammunition might soon be hard to acquire.
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Gold falls on stronger dollar, Fed outlook
Reuters
Gold fell by about 1 percent, following last week's 7 percent decline, hurt by a stronger dollar and due to worries over an early end to the U.S. Federal Reserve's stimulus program. The metal sank back towards a three-year low hit last week in a sharp sell-off triggered when the Fed said it would cut back its monetary easing by mid-2014, which supported interest rates and therefore made gold comparatively less attractive.
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'Beverly Hills Pawn' on REELZ to feature Elizabeth Taylor's dress from 'Cleopatra'
PRWeb
In light of Cleopatra's 50th anniversary, REELZ announced that the Beverly Hills Pawn episode "Guns and Gold Records," featuring a dress Elizabeth Taylor wore in the 20th Century Fox classic is slated to premiere Wednesday, July 3.
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PRODUCT SHOWCASE
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Precious Metal Refining Services is a boutique refinery that refines a wide range of materials containing gold, silver, and platinum group metals for jewelers, pawn shops, gold buyers, collectors, dental labs and other industries. PMRS understands the need for accuracy and integrity, high quality customer service, and speedy settlements.
 


May unemployment rates down in 25 states
USA Today
Unemployment rates fell in 25 states in May, the government reported. Seventeen states had increases while jobless rates were unchanged in eight states plus the District of Columbia.
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Future of 'Cajun Pawn Stars'
Alexandria Town Talk
Fans of the History Channel's "Cajun Pawn Stars" may be waiting a while for a new season. The show's star and owner of Silver Dollar Pawn and Jewelry, Jimmy DeRamus, said the show has not yet received an "up order" for a third season. However, DeRamus said the contract "goes clear into the fall," which means the History Channel could order a new slate of episodes anytime between now and then.
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10 questions to ask when pricing your product
Entrepreneur
Great products and services don't guarantee success. You also have to price them correctly. That requires knowing your customers well and what they're willing to pay, as well as what your competitors are charging. You also might consider market segmentation, product bundling, and both the tangible and intangible benefits you're selling.
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Prominent Pawtucket, RI, pawnshop proud of 10-year anniversary
SB Wire
Fastcash Pawn & Checkcashers, a leading pawnshop in Pawtucket, R.I., is pleased to announce it will be 10 years old in August. The successful pawnshop has made a decade-long impact by offering financial services that exceed its customer expectations.

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The Internet payday loan: Interest as high as 1,369 percent
LawyersandSettlements.com
Imagine taking out a loan and being charged an interest rate of 1,369 percent. No, this isn't the stuff of fiction or some excerpt from a predatory movie. Rather, it remains one example of loan terms charged by an Internet payday loan enterprise called to the carpet by state legislators in Minnesota.

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UK pawnbroking industry is launches Callcredit safeguard service
Professional Jeweller
The National Pawnbrokers Association in the U.K. has signed a deal with payment validation service Callcredit, offering its members further protection from fraudulent payments and money laundering.

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Boynton Beach, Fla., man accused of stealing $9K in jewelry, pawning for $700
Sun-Sentinel
A Boynton Beach, Fla., man is accused of supporting his drug habit by stealing nearly $9,000 worth of jewelry from his stepmother and pawning it off for $700 cash. The Palm Beach County Sheriff's Office deputies arrested Thomas Sparacino, 21. He was booked into jail later that day, charged with larceny and dealing in stolen property.
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