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It is thrilling to obtain a "steal" at a vintage store, antique mall or consignment shop which you might not have bought elsewhere at full price. However, what can you do if you discovered that the half-price platinum watch encrusted with diamonds was a stolen good? Pawnshops have for decades been a place where people go to save a bit of cash (or get some cash). At a time where a penny saved is a penny earned, discounted used things are flying off the shelves in places like the World Famous Gold & Silver Pawn Shop, whose day-to-day operations are dramatized on the History channel show Pawn Stars.
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Some items, such as tools and furniture, are simple to purchase, since their condition can usually be assessed using a thorough look-over. A Cartier bracelet or a De Beers ring is more complex than that. Pawnshop owners are jacks-of-all-trades, not experts in jewelry. Even though the family-owned establishment on Pawn Stars will employ an appraiser to set a fair price, there is no guarantee that stores not appearing on national tv will make that effort. Jewelry pricing goes past what the buyer simply thinks the item is worth to them, because so many variables are involved in the investment.
Pawnshops lack the in-depth knowledge that jewelry shops can supply about the true face value of a piece. Scratches, clouds, and other defects on a gemstone's surface are detectable to a trained eye using a magnifier. Lacking these tools along with a dedication to the jewelry profession, a pawnbroker could overlook such imperfections and pass a VVS1 diamond off as an FL one. (If you don't understand what that means, ask a jeweler.)
The very nature of a pawnshop could result in the transaction of illegal goods. Desperate men and women visit pawnbrokers to get easy money in hard times. If someone is behind in their rent, they could give their jewelry up to a pawnshop and also be extended a loan that they need to pay off or forfeit the item. All too often, the original source of the piece is someone else that had been robbed by the loan seeker. If that is true, and it's discovered that the thing has been stolen, investigators can demand it be returned to its rightful owner even after a customer of the shop has bought it.
Pawnshops aren't the origin of all evil; many are run as legitimate companies. Like any industry, the stores vary based upon the owners and their dedication to serving their clients. If you're looking for real quality jewelry that will endure and can even give you a return on investment, taking your business to an actual jewelry shop is the best choice.
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