A pawn shop is a a shop which deals in the business of lending money at a specified rate of interest. In return for the loan, the borrower must pledge a valuable item as collateral. Usually, the pawnshop will keep the item, and will only return it when the loan has been repaid.

However, if a borrower fails to pay, the pawnshop will sell it and keep the proceeds. These loans are an excellent option for those with bad credit since they help them to obtain emergency cash.

Buying jewelry is a special occasion and should be treated as such. Engagement rings and other fine pieces are expensive, but a pawn shop can help you get them for a fraction of the retail price.

You can also find gold necklaces, bracelets, and watches at a pawn shop.

When purchasing jewelry, it is important to keep in mind that a retail store can mark up a piece of jewelry by as much as 400 percent. A pawn shop can help you get better value for your jewelry since they deal with different markets.