While jewelry is more commonly associated with pawning, luxury purses are becoming an increasingly popular item in pawnshops. Because designer handbags increase in value over time, R&J Jewelry and Loan have launched pawn services for these investment items that can be sold, pawned for cash, or used for a collateral loan.
More information is available at https://www.randjjewelry.com
When the recent financial downturn caused by the pandemic hit the US economy, R&J Jewelry and Loan launched its new service in an effort to help Silver Creek residents gain access to emergency funds. The newly added luxury handbag pawn loans add to the company’s other service offerings, establishing the shop as the area’s premier luxury pawn retailer.
A new report by a pawn industry authority stated that the luxury handbag market is expected to be valued at $94 billion by 2028. This projected growth has in turn, translated to an uptick in sales for pawnshops across the country. By introducing handbag appraisals into their service ranges, pawnshops can ensure their longevity in the luxury goods market.
The R&J Jewelry and Loan’s staff includes a team of handbag appraisal experts ready to help clients exchange their old purses for cash.
Clients can now bring a variety of bags into the shop for evaluation including brands such as Luis Vuitton, Chanel, and Gucci. Having served the community for over 40 years, the shop’s reputation for fast and friendly service is matched by the family atmosphere. Precautions are always taken to ensure quotes are given in a manner that respects client privacy.
The pawnshop’s policy of offering clients the highest price possible for their high-end bags has made the establishment a trusted luxury pawnshop across the San Jose Metropolitan area. All handbags are evaluated against their current market value and are checked for quality and authenticity. Clients who aren’t ready to part with their bags permanently are eligible to regain ownership of their purses after paying back their pawn loan within the borrowing period.
R&J Jewelry and Loan remains committed to offering clients safe and reliable methods of obtaining high-value payouts for their luxury items.
A spokesperson for the company said: “When money is tight, it can be difficult to know where to turn for help, but the answer could be sitting right in your closet. Our store has a legacy of offering the highest cash payouts in the area and is dedicated to making the process of pawning easier.”
Interested parties can find more information on R&J Jewelry and Loan’s handbag buying services by visiting https://www.randjjewelry.com
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