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Home   About   Membership   Resources   Government Affairs   Meetings & Events Dec. 14, 2010

Pawnshops draw holiday bargain hunters
KSAT-TV    Share   Share on
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Standing amid the flat screen TVs, Movado watches and power tools, Diana Aldape is doing a little Christmas shopping. But Aldape isn't at the mall. She's at her neighborhood pawnshop in San Antonio. In a tight economy where consumers have less money in their pockets, pawnshops are seeing more people buying used electronics, musical instruments and jewelry at a discount. More

Gemesis to sell lab-grown whites to consumers
The National Jeweler    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Gemesis, the lab-grown diamond company known for its production of yellows and pinks, revealed that it now has the ability to create lab-grown white diamonds slightly larger than a carat and will begin selling them directly to consumers via a new e-commerce site early next year. Also joining the new whites on larger and higher-quality lab-grown yellows, one of which, an astounding 4.09-carat fancy vivid yellow-orange, already has made headlines. More

Tucson , Ariz., pawnshop gives back for the holidays
KVOA-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A pawnshop business has surprised two Tucson, Ariz., non-profit organizations with an unsolicited gift this holiday season. USA Pawn and Jewelry has donated $5,000 each to the Boys and Girls Clubs of Tucson and Youth on Their Own. "We've always considered it a priority to give back to the communities where we do business," says Craig McCall, chief executive of USA Pawn and Jewelry. "Our team looks forward to continued participation with programs that help make Tucson a better community." More


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House passes Weiner's GOLD Act
Congressman Anthony D. Weiner    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The House of Representatives passed the Guarantee of a Legitimate Deal (GOLD) Act, a bill sponsored by Rep. Anthony Weiner, D – Queens and Brooklyn, a member of the House Subcommittee on Commerce, Trade and Consumer Protection, that will crack down on gold-buying companies like Cash4Gold that cheat customers through deceptive marketing, misleading return policies and low-ball payments. More

Massachusetts pawnshop donates musical instruments to YMCA
The Sun Chronicle    Share    Share on FacebookTwitterShare on LinkedinE-mail article
It's not uncommon for pawnbrokers to accumulate guitars, horns and other music gear pawned or sold by their owners. But one Attleboro, Mass., pawnbroker has chosen to pass on the gift of song to children by donating three boxes full of musical instruments to YMCA music program. Scott Frye, owner of the Attleboro Pawn Shop, delivered guitars, a trumpet and percussion equipment to the Attleboro YMCA where Ed Poirier heads up a program that puts instruments into the hands of children and teenagers. More

Pawnshops are unlikely source for holiday gifts
The Tennessean    Share    Share on FacebookTwitterShare on LinkedinE-mail article
When Tonya Smith learned that her friend Kelly Maupin was going to work in a pawnshop, she asked her, "Are you sure?" Smith was envisioning the stereotypical seedy pawnshop of B-movie lore. But now she is a regular and proud pawnshop shopper, snapping up all sorts of bargains for her husband, their children and others on her holiday shopping list. More

Iowa town will restrict pawnshop, payday loan locations
The Des Moines Register    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Clive City Council in Iowa took the first step in restricting the locations where pawnbrokers can set up shop, joining Des Moines and West Des Moines to become the third metro community to address the issue. Under a proposal introduced, the stores — along with payday loan providers — would not be allowed to operate adjacent to residential areas, churches, parks, child-care facilities or schools. The businesses would also be prohibited from opening within 1,000 feet of any adult-oriented business or another pawnshop or delayed-deposit facility. More

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truTV brings back 'Hardcore Pawn,' 8 Mile Detroit dealing
Monsters and Critics    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Pawn shows, storage units, antique roadshows, it seems as Americans are divesting themselves of their family treasures and keepsakes to pay the bills these days. Enter truTV's latest in this theme of "everything is for sale" as they go to Detroit for more adventures in the world of pawn with the second season of the hit series Hardcore Pawn, an inside look at one of the country's largest pawnshops and the family that runs it. More

Virginia community's pawnshops see spike in business during holidays
WHSV-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Shenandoah Valley of Virginia residents are getting ready for the holidays. With the economy making gift-buying a challenge though, local pawnshops are seeing a spike in business. At one shop in Staunton, Va., trade-ins are up 20 to 23 percent during the holidays this year. With holiday budgets being crunched during the recession, jewelry and power tools are becoming popular trade-in items. More

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Pawnshops may face new laws
KATV-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Pawnshop owners in Hot Springs, Ark., may have to pony up more information, that's if a new proposed ordinance gets passed in city council. "Reputation is everything in the pawn business. People won't come if they don't feel comfortable being here and we have a good reputation," said Steven Pakis, owner of Pak Plaza Pawn Shop. Pakis said this is a good law as long as everyone complies including cash for gold stores and antique stores that buy from the public.

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