New Owners of Jewelry-N-Loan Secure Favorable Decisions From Costa Mesa Planning Department and City Council

COSTA MESA, Calif., Oct. 6, 2015 /PRNewswire/ -- Jewelry-N-Loan, an upscale jewelry store and pawnshop located in Costa Mesa, CA, has been very active since being purchased in April by a prestigious 77-year-old collateral lending company with locations in Beverly Hills and New York City.  Due to zoning conditions that restricted pawn loans, Jewelry-N-Loan (formerly known as Jack's Jewelry-N-Loan) had historically concentrated on the purchase and sale of gold, jewelry, and watches from its prominent location on Newport Boulevard directly across from The Triangle Shopping Center. 

Excited to expand on that core business, the pawnshop's new owners petitioned for the removal of the restrictions on pawn loans.  Their efforts ultimately resulted in a favorable decision from the Costa Mesa Planning Commission (later confirmed by the City Council on August 4, 2015), which allows Jewelry-N-Loan to offer pawn loans of $1,000 or more against a wide range of collateral types including jewelry, watches, art and antiques.

In preparation for purchasing, selling, and loaning against these expanded categories of collateral, Jewelry-N-Loan's new management has renovated the store's interior decor and exterior signage, redesigned its website (www.jewelrynloan.com), upgraded the surveillance and security systems, and filled the showcases with designer jewelry sourced from its Beverly Hills and New York locations, including pieces from Cartier, Tiffany & Co., David Yurman, Harry Winston and Chopard.

Jewelry-N-Loan co-owner Dan Stansell explained, "We are very proud of our efforts here in Costa Mesa.  In a few short months, we've assembled a fantastic team of experienced professionals, made significant physical improvements to the store, and are now able to offer the best pawn loan terms in Orange County in addition to buying and selling."

With new ownership also comes new policies and procedures.  Jewelry-N-Loan's first move was to reduce all pawn interest rates by more than half, significantly undercutting the local competition.  The new owners also arranged to store all collateral in bank vault security and retained an onsite armed guard for additional security.  All jewelry is appraised and valued by a Graduate Gemologist of the Gemological Institute of America with over a decade of experience in fine jewelry and watches.

Despite all of the changes that new management has implemented, the fundamentals remain the same and Jewelry-N-Loan continues to be a family owned pawnshop that not only offers jewelry and watches at heavily discounted prices, but also aggressively purchases from the public at large. 

"We are thrilled to have been able to make an immediate impact in Costa Mesa; we strongly believe that we consistently provide a level of service and professionalism that is appreciated by the local community," said Stansell. 

For more information, please visit www.jewelrynloan.com or call 949-645-0488.

Media Contact:
Tony Saniz
(949) 645-0488

Photo - http://photos.prnewswire.com/prnh/20151005/274250
Photo - http://photos.prnewswire.com/prnh/20151005/274251

SOURCE Jewelry-N-Loan

Related Links

http://www.jewelrynloan.com

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