Has the time come to take the plunge and make your relationship permanent? While choosing a perfect engagement ring from a pawn shop is obligatory to make this moment perfect, it is also the first step to create a winsome future together with your true love.
You may take her to the place where you had your first date, following it up with a sumptuous dinner. And choosing a perfect spot, you finally bend down one knee and propose her to marry, opening a small box containing a beautiful diamond ring. As she leans over and peers for a closer look at the tiny stone, a sinking feeling subsides in the pit of your stomach. Now, you may be wondering:
‘Isn’t it sounding more like a fantasy than reality?’
This can end up being a fantasy if you walk into a high street jewellery shop to purchase an engagement ring and do not have the money to match its price tags. But you can virtually make it the proposal of your dream if you set your foot in a local pawn shop.
One of the many things that a pawn shop does is sell exquisite, high-quality pre-owned jewellery, including engagement rings. It is a lot smarter to purchase an engagement ring at a pawn shop at a fraction of the RRP.
Many people turn out at the opportunity to use the services that a pawnbroker offers, without even realising the riches that await them. Now, before you run out to your nearest jeweller, consider these advantages of shopping with a pawnbroker:
Unlike a high street jewellery shop, a pawn shop is not anxious about the original retail price of a jewellery item. The price tags that come with the jewellery items flaunted at a jewellery shop reflect the overhead they have to cover. With a significant amount of choices to choose from pre-owned engagement ring collection at a pawn shop, you can end up buying a perfect ring for your partner, saving a decent amount of money at the end of the day.
For some people, buying a pre-owned engagement ring from a pawn shop is a bad idea, probably for two reasons:
One, they think that a pawn shop has old, outdated rings. And,
Second, a used ring may significantly spell bad luck for a marriage.
Outside of superstition, the fact is that a pawn shop’s inventory includes high-quality and high-value engagement rings, both of new and old styles. With a little bit of luck, you may also come across an engagement ring of contemporary design that is just five months old at a good discount.
Chances are pretty good that the previous owners cared for their ring enough, thereby preventing the stones from sustainable damage. While there is no perceptible difference between a pre-owned and new engagement ring, the money you can save by purchasing a second-hand ring is significant enough for making a difference.
Unlike a jewellery shop, high street pawn shops in London or any other big city are not stuck with just a few designs. Instead, a pawn shop brings in many vintage and designer rings that provide customers with a brilliant opportunity to discover something out of the norm.
As with any other vintage jewellery, a vintage engagement ring may also come with a character and history of its own that sets it apart from others. And you are likely to find such a unique and one-of-a-kind piece only at a pawn shop.
So, here’s the deal
If you are looking to find the perfect engagement ring at the price of your dream and begin the next phase of your life, get in touch with any trustworthy local pawnbrokers in London like The Luxury Hut and explore their beautiful collection of pre-owned rings.
Pawnbroking may not be known as the oldest profession of the world, but its origin can be traced back to more than 3,000 years ago when pawn shops first turned up. Pawnbrokers used to provide credit to the peasants while being supervised by Imperial authorities.
Pawn shops were famous in ancient Greece and Rome. While small merchants used a pawn loan to begin their businesses during the Middle Ages, the Catholic Church imposed restrictions on charging interests for pawn loans. This eventually hindered the growth of pawn shops. However, with the increase in demand for such kind of credit in 14th and 15 century, the constraints loosened.
The pawnbroking industry that we know today can be traced back to 15th century, Italy when the financially dominated noble Medici family divided in two. While half of the family members became bankers, others became pawnbrokers who took half of the family crest. This pawnbroking part of the family integrated today’s instantly recognisable symbol of the pawnbrokers- the three gold balls.
However, the symbol has also been ascribed to the story of Saint Nicholas who has saved three poor young girls from dire poverty by giving them each a bag of gold so that they could get married.
European citizens procured pawn loans to aid their families financially as well as to acquire new businesses off the ground. Sometimes, a pawn shop is also called as ‘Lombard’ in Europe, referring to the House of Lombard that was a recognised family known for lending money.
In the 18th century, people belonging to lower class borrowed money against collateral from Franciscan monks for little or no interest. However, in the latter stages of the 19th century and early 20th century, there were virtually as many pawnbrokers as public buildings in Britain, lending cash on almost anything from cutlery and bed linen to the best wardrobes. With the fright of the workhouse draping over the lives of the poor, they used to try all means to avoid it, even if they had to pawn their belongings to obtain some amount of money temporarily.
Although pawnbrokers had earned itself a prejudiced reputation in the past, its image has enormously changed over the last twenty years or so.
The upsurge in the pawnbroking industry came during the credit boom in the 1980s, and it continued to flourish today with customers preferring this convenient High Street way to borrow money.
With more and more people looking to raise cash for a short period, the process of pawnbroking became an easy, quick and convenient way to secure short-term loans in the past few years. Today, there are many trustworthy local pawnbrokers in London or any other big city who provide entirely secure, transparent and straightforward service, making the pawnbroking process a significant alternative to any other way of borrowing money.
© The Luxury Hut is a trading name of Golden Cash Limited. Authorised and regulated by The Financial Conduct Authority for pawnbroking. Registered in England as Golden Cash Limited. Registered Number is 07309335. Registered office address: Treviot House, 186-192 High Road, IIford, Essex, IG1 1LR. Designed and Developed by The Luxury Hut. All Rights Reserved 2018