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Home   About   Membership   Resources   Government Affairs   Meetings & Events Aug. 17, 2010

Pawning spurs gold market
Arab News    Share   Share on FacebookTwitterShare on LinkedinE-mail article
As high gold prices have crushed any hopes for a quick recovery in the sector, many jewelers in Jeddah, Saudi Arabia, are now successfully pawning the valuable metal for cash. They have been successful in attracting a large number of women customers happy to fulfill their gold cravings, at least for the time being. More

'Hardcore Pawn' follows in wake of 'Pawn Stars'
The Associated Press via ABC News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Even in television, where good ideas are routinely imitated, the debut of "Hardcore Pawn" on TruTV is enough to make you marvel. Just like one of the year's breakout hits, History's "Pawn Stars," it's a reality series about a family run pawnshop. Both are effectively comedies, drawing on the everyday absurdities of the workplace. Both play on the similarity of "pawn" to "porn" for their titles. And both are in the same time slot: Monday nights at 10 p.m. Eastern. Coincidence? More

Glendale, Ariz., pawnshop aids musical-instrument drive
The Arizona Republic    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A drive is under way to provide Glendale, Ariz., students with musical instruments to use in band and music classes. Ear Candy Charity, a non-profit group that provides youth with access to music education, teamed up with Glendale Pawn and Jewelry, for the instrument drive. Stan Grossman, owner of Glendale Pawn and Jewelry said they have collected 14 instruments so far and hope for another 40. More

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Main Liner keeps 150-year-old pawnshop business going
Main Line Media News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Although it was not the first pawnshop in Philadelphia, Carver W. Reed Co. has proved to be the most enduring. Now, 150 years later, the shop is still going strong. In 2010 it is reportedly the fourth oldest operational business in the City of Brotherly Love. Carver Reed has had only two locations and two owners in its 150 years. Although the business was sold by the Reed family to Harry Gordon in 1949, the name was kept. Today the shop is run by Tod Gordon of Penn Valley, who joined his father, Charles, in the business in 1977. His daughter, Rebecca, a recent Penn State graduate, has extended the streak to four generations by joining the family business. More

Zimbabwe gem sale stirs 'blood diamond' fears
The Associated Press via Google News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Zimbabwe auctioned 900,000 carats of rough gems from a diamond field where human rights groups say soldiers killed 200 people, raped women and enslaved children. It was the first public sale of diamonds from the notorious Marange field in eastern Zimbabwe since international regulators imposed a ban in November under rules designed to screen out conflict gems. More

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Pawnshops recapture lost ground
Northern Nevada Business Weekly    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Strapped Nevadans once again are turning to their local pawnshop rather than a payday lender for an infusion of ready cash. As payday-lending institutions cropped up throughout the state over the past decade, they siphoned off a great deal of business from northern Nevada pawnbrokers, pawnshop owners say. But regional pawnshops once again are seeing an upturn in pawn transactions — mostly because unemployed borrowers lack the means to get loans at paycheck advance businesses. More

New age of pawnbrokers?
London Wired    Share    Share on FacebookTwitterShare on LinkedinE-mail article
It was a burning issue that made small businesswoman Boudicca Scherazade first go to a pawnbroker - all her stock had gone up in smoke. "It was a pretty bleak situation," says the 41 year old. "I had just got wind of a whole scoop of vintage luggage up for sale in Monaco that I knew I had customers for. "But suddenly I didn't have the money to go out and buy it, and I needed cash fast, much faster than a bank could lend it to me." So taking a deep breath, Scherazade remembered that a friend of hers had admitted going to a pawnbroker. More

Bylaw regulates pawnshops in British Columbia community
Vernon Morning Star    Share    Share on FacebookTwitterShare on LinkedinE-mail article
On the one hand, new rules in place for regulating pawnshops in Armstrong, British Columbia, moved one step closer. On the other hand, the city's only pawnshop has apparently pulled up stakes. Armstrong council gave second and third readings to an amended bylaw regulating pawnshops. More


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