Unlike many other loan companies, USA jewelry pawn shop offers customers the option to borrow against their own valuables, including gold and diamond jewelry. The pawnbroker will hold the item in the store until the customer pays back the amount owed plus interest. This can be a great way for people to get the money they need without having to sell off their assets.

While pawning your jewelry may seem like an easy way to get cash, it can be a risky practice and should not be done lightly. For example, you will likely only be able to secure a small loan (about $150) for your jewelry and it is unlikely that the pawnbroker will accept fake precious metals. It is also important to remember that pawning your items in a pawn shop does not guarantee that you will be able to get them back.

USA Jewelry Pawn Shop: Finding Trusted Locations Nationwide

Inflation has increased in the past two years, hitting some communities harder than others, and has pushed up pawnshop inventories. Customers from a variety of income levels are trading in their family heirlooms for the cash they need. In addition, a growing number of Americans lack bank access — especially people of color, those with lower incomes, the disabled, and single-mother households.

The Detroit location featured on the show is a full-service pawn shop that buys, sells, and loans on all types of jewelry. They also provide a variety of services to the public, such as appraisals. They also offer a selection of GIA-certified diamond jewelry and other high-end jewelry.