- Request a demo
- Request a quote
How to Maximize Jewelry Sales in a Pawn Shop
The pawn industry is well known for buying and selling jewelry. As a pawn shop owner, do you have the know-how to assess jewelry? We put together this helpful guide that covers how to estimate jewelry costs and teaches the importance of scrap refinery. Follow the chapters to learn more!
Have you been wanting help with estimating your pawn shop’s return? This short article will show you the ins and outs of the scrap refining process and offer a few quick jewelry tips.
Pawnshops and jewelry go together like peanut butter and jelly. Jewelry is one of the most commonly pawned items and requires a lot of thought before a pawnbroker can make an offer. This is because jewelry comes in various shapes, sizes, and types.
Without the right tools, it can be incredibly difficult to assess the true value of an item. Luckily, we developed a tool called Jewelry Master that can help you do just that! Read this short article to find out how Jewelry Master can help you make better buy/sell decisions and simplify the jewelry pawn process.
Are you ready to learn more look at the scrap refining process? Check out this training webinar that explains the entire process! You will also learn about some of the critical strategies/steps that will ensure you get the most accurate/functional scrap through this process.
As a pawnbroker—are curious about how to better evaluate the worth of the jewelry that comes into your shop?
Our Jewelry Master is the perfect way to get price estimations, based on:
- Price Multiplier
- Pawn Multiplier
- Buy Multiplier
This platform was built for pawnbrokers to make it easy to implement into a pawn shop and quickly get employees up-to-speed! You have the ability to input the item’s description and find the item while finding the right diamond cut that best fits your item’s description. Find out how the Bravo Pawn Platform can help you expedite jewelry transactions and get you the best price/loan for any item that walks into your shop.
Chapter 5: Bravo Spotlight: Gateway Jewelry & Pawn
For our final chapter in this series, we wanted to review one of our customer spotlight pieces that is featuring Gateway Jewelry and Pawn. Find out about their experience with the Bravo Pawn Platform. They also provide some great advice for pawn shop owners!
We hope you found this guide helpful! Be sure to check out our other digital guide, Understanding How to Use eCommerce for Pawn Shops, to learn about eCommerce in the pawn industry.
About the Author:
Before taking the reins as CEO, Tally served as Bravo’s Vice President of Business Development, leading the company’s sales and marketing organization. She’s been instrumental in leading and executing many of the company’s strategic shifts, including the acquisition of CompuPawn and the recent launch of UsedGuns.com.
Tally earned her Doctorate of Law (J.D.) from DePaul University College of Law in 2013 after attending the University of Colorado at Boulder, where she earned her B.A. in Communication Studies. She also completed the Key Executives Program from Harvard Business School in 2013.
Tally is a pawnshop lover and eCommerce enthusiast—dedicated to the success of both her employees and customers!