How long have you been in the pawn business?
We have proudly served the Los Angeles community as a trusted pawnbroker and loan provider since 1948. With decades of experience in gold buying, collateral loans, and more, our reputation and convenient location make us one of the top pawn shops in the area.
Are you licensed and insured?
Absolutely! We are a BBB-accredited business, fully licensed, bonded, and insured for your peace of mind.
What items can I pawn?
We evaluate every item on an individual basis, so there’s no definitive list of what can or cannot be pawned. Popular items include jewelry and antiques, but we’re happy to assess any valuable you bring in to find the best solution for you.
What is the difference between pawning and selling an item?
When you sell an item, you transfer full ownership to the buyer and cannot retrieve it later. Pawning, on the other hand, is like a secured loan: you leave the item as collateral and can reclaim it by repaying the loan amount plus interest within the agreed timeframe.
How much money can I get for my pawned item?
The loan amount depends on the appraised value of your item. For gold, market prices are a key factor, while for antiques or unique goods, pricing is more subjective and based on current market demand.
What is the interest rate for pawning?
Interest rates typically range from 3% to 10%, varying by pawn shop, item, and loan terms. We’ll provide a clear breakdown of rates when you bring in your item for appraisal.
How long do I have to repay my pawn loan?
Our standard pawn loan term is six months, but extensions are often available if needed. Please note that extending the loan term may increase the interest charges.
Is my pawned item safe and secure?
Yes! We ensure that all pawned items are stored securely on our premises and will not be sold or accessed by other customers during the loan period. However, if the loan terms are not met, ownership of the item will transfer to us, and it may be sold.
Can I get my pawned item back if I change my mind?
To retrieve your pawned item, you must fulfill the agreed-upon loan repayment terms, including principal and interest. Once the loan is repaid, your item will be returned to you.
Do you buy items outright or only offer pawn loans?
We offer both services! Depending on the demand for your item, we can either purchase it outright or provide a pawn loan. We’ll help you choose the option that works best for your situation.
How do you determine the value of an item?
For jewelry, we assess the value based on metal content, gemstone quality, and market conditions. For other items, our experts consider factors like rarity, condition, and current market trends to offer a fair valuation.
What are your store hours?
Our hours of operation are as follows:
- Monday to Friday: 9:00 AM – 5:00 PM
- Saturday: 10:00 AM – 3:00 PM
- Sunday: Closed
Do you offer discounts or promotions?
Yes, we occasionally offer special discounts and promotions throughout the year. Stay informed by visiting our website or stopping by our store for the latest updates.
- Via telephone on (323) 400-6480.
- In-store at 5511 Santa Monica Blvd, Los Angeles, CA 90038.
- By visiting our Facebook page – https://www.facebook.com/diamondpawnshop/
- By sending us a message on Twitter – @pawn_la
- By filling out the contact form on our website and detailing your query – https://laloancompany.com/contact-us/.